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A series of national key projects have not yet financed

There are still a number of important projects that are still not financially viable 

Besides the North-South highway project or Long Thanh airport, the plan has been finalized, there are still some other important urgent projects that have not yet been allocated, Ministry of Planning and Investment private for

Specifically, it is the projects: Highway Ha Noi – Hai Phong (not balanced the support from the central budget for the work of site clearance); Highway 19 upgrading project from Quy Nhon port to National Highway 1 (Binh Dinh province); Highway project of Ha Noi – Hai Phong highway with Cau Gie – Ninh Binh expressway; The remaining sections of the Ho Chi Minh Road Project shall comply with the provisions of Resolution No. 66/2013 / QH13;

There are still a number of important projects that are still not financially viable 
There are still a number of important projects that are still not financially viable 

And a series of BT projects to be paid from the central budget such as Ho Chi Minh Road project, La Son – Tuy Loan section, Highway 20 expansion and expansion project – Component 1 and Component 2, Hue T-junction Investment Project …

As explained by the Ministry of Planning and Investment, the lack of funds for these projects is due to limited funding available to the Ministry of Transport, which is not yet satisfactory. need. The use of reserves for medium-term public investment plans has not been approved by the National Assembly.

However, the Ministry also said that in the difficult budget conditions, the Government will consider using a portion of government bonds to address some of the really urgent projects such as the High Ramp Project Ha Noi – Hai Phong with Cau Gie – Ninh Binh expressway.

In the course of executing the medium-term public investment plan, the Ministry of Planning and Investment will continue to study and report to the Government to supplement the medium-term public investment reserves (if conditions permit). These projects are important and urgent.

Regarding the North-South highway project, the Ministry of Planning and Investment said the total investment of this project is 312.435 trillion dong (for 1.372km in the period 2017-2025).

North-South expressway project
The North-South Expressway project has a total investment of VND312,435 billion

In the first phase (from 2017 to 2025), the project will be invested in 2 priority levels. Priority 1 (2017 – 2020) will invest 713 km from 11 component projects: including 8 PPP projects (sections from Son Son – Bai Vot and Nha Trang – Dau Giay); Three investment projects in the form of public investment (expanding Cam Lo – La Son section to 04 lanes, Cao Bo – Mai Son, La Son – Tuy Loan) with a total investment capital of VND130,216 billion ;

Priority 2 (from 2021 to 2025) will invest about 659km divided into nine component projects from Bai Vot – Cam Lo and Quang Ngai – Nha Trang in the form of PPP; total investment is about VND113,096 billion.

Phase II (after 2025) will be expanded to scale with the total investment capital of VND 69,123 billion.

For Long Thanh International Airport, the project is divided into 3 phases. In the first phase, the total investment is VND 114,450 billion (unit price in 2014). At present, the Government is assigning the Ministry of Transport to prepare a pre-feasibility study report for submission to the National Assembly and is expected to commence the first phase in 2019.

To accelerate the implementation of the project, the Government has submitted to the National Assembly in this meeting the separation of land acquisition, compensation and resettlement projects into independent projects for implementation in advance.

With regard to the capital source, the demand for land clearance and resettlement according to the report of Dong Nai People’s Committee is VND23,019 billion (in unit price in 2017). Under Resolution No. 26/2016 / QH14 dated November 10, 2016, the National Assembly allowed the use of VND 5,000 billion from government bond funds for the period 2017-2020 to carry out ground clearance.

With a deficit of about 18,019 billion dong, the Ministry of Planning and Investment will continue to coordinate with the Ministry of Finance and the Ministry of Transport to report to the Government for further submission to the National Assembly from medium-term public investment reserves (if conditions permit) to continue implementation.

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