Continuing the program of the 9th Session, on the morning of May 19, Central Party Committee member, Minister of Construction Tran Hong Minh, authorized by the Prime Minister, presented the Proposal on adjusting the investment policy of the Bien Hoa - Vung Tau Expressway Project Phase 1.
According to the submission, the total investment of the Bien Hoa - Vung Tau expressway project, phase 1, is proposed to be adjusted to increase from 17,837 billion VND to 21,551 billion VND, corresponding to an increase of more than 3,714 billion VND compared to the previously approved plan.
Component project 1 increased from 6,240 billion VND to 6,693 billion VND; Component project 2 increased from 6,407 billion VND to 7,642 billion VND and Component project 3 increased from 5,190 billion VND to 7,216 billion. VND
Explaining the proposal to adjust the total investment, the Ministry of Construction said that the two main groups of arising costs are compensation, support, resettlement costs and construction investment costs.
Of which, the total estimated cost of compensation, support and resettlement is 9,856 billion VND, an increase of 3,227 billion VND due to a number of factors arising during the project implementation.
The estimated construction investment cost is 11,695 billion VND, an increase of 487 billion VND. The reason is that the investor has reviewed, updated and optimized design solutions (weak soil treatment solutions, bridge design...); fluctuations in unit prices of materials, labor, construction machinery; invested in additional vehicle load inspection stations; added intersections at other intersection levels with My Xuan - Ngai Giao road.
Therefore, the Government proposed that the National Assembly approve the preliminary adjustment of the total investment of the entire project from 17,837 billion VND to 21,551 billion VND(an increase of 3,714 billion VND).
In the inspection report, Chairman of the Economic and Financial Committee Phan Van Mai basically agreed on the necessity of adjusting the project investment policy with the reasons stated by the Government.
However, the Economic and Financial Committee believes that the preliminary total investment of the Project increased by 3,714 billion VND, equivalent to about 20.8%, the preliminary total investment of the Project decided by the National Assembly is quite large.
Therefore, the Economic Committee proposes to continue reviewing the increased and decreased costs of the project and analyzing and supplementing to better clarify the increase and decrease of these costs to ensure the legitimateness and reasonableness of the proposal to adjust the project investment policy.
There is an opinion that the explanation in the report on increasing the cost of compensation, support and resettlement of the project is still general. Therefore, it is recommended to clarify the costs of increasing and decreasing (increasing land prices, increasing due to the addition of My Xuan - Ngai Giao intersection ...) and the situation of compensation, support and resettlement of the project in localities to provide complete information for National Assembly deputies to consider and decide ...
There are opinions suggesting to clarify the feasibility and allocation of capital for adjusting the project investment policy under the state budget conditions, and at the same time, many important projects must be implemented in the current period.
At the same time, the Government is responsible for the accuracy of the data and commits to ensuring progress, quality and determining the completion time, preventing further capital increases for the project.
