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Arranged 120 Trillion Dongs Construct The First 654 Km Of North-South Highway

North-South expressway project

According to the report “Pre-feasibility Study Report on Investment Project on the construction of some expressways on the north-south route in the 2017-2020 period”, Minister of Transport Truong Quang Nghia Authorize the Government to report to the National Assembly at the 4th session of the 14th National Assembly, if not to invest in expressways, by 2020, the demand for transport on many sections will exceed the capacity of National Highway 1.

Therefore, the Government has proposed a roadmap for the investment in the 2017-2020 period with a total length of 654 km (added My Thuan 2 bridge project and has now expanded from 2 lanes to 4 lanes). traffic lanes for La Son – Tuy Loan section, 59 km away from the old one (713 km).

Specifically, the period from 2017 to 2020: Invest and put into operation Cao Bo (Nam Dinh) – Bai Vot (Ha Tinh), Cam Lo (Quang Tri) – La Son (Thua Thien Hue) Nha Trang (Khanh Hoa) – Dau Giay (Dong Nai) and My Thuan 2 Bridge.

From 2021 to 2025: To invest and put into operation Bai Vot – Cam Lo, Quang Ngai – Nha Trang sections and expand La Son – Tuy Loan section to 4 lanes. In the next 2025, the Ca Mau section will be invested and put into operation.

Specifically, the project will be divided into 11 component projects, going through 13 provinces and cities (including Nam Dinh, Ninh Binh, Thanh Hoa, Nghe An, Ha Tinh, Quang Tri, Thua Thien Hue, Khanh Hoa, Ninh Thuan, Binh Thuan, Dong Nai, Tien Giang and Vinh Long. Of these, eight projects in the sections of Mai Son (Ninh Binh) – Bai Vot (Ha Tinh) and Nha Trang (Khanh Hoa) – Dau Giay (Dong Nai) investment in the form of PPP, type of BOT contract; The remaining 3 projects will include Cao Bo – Mai Son, Cam Lo – La Son, My Thuan 2 will be invested in the form of public investment. The proceeds will be paid to the State Bank and the subsequent investment.

North-South expressway project
The North-South Highway project will continue to be adjusted before being submitted to the National Assembly this time

VND 1,500 / km / car

According to preliminary calculations, the total investment for the period 2017 – 2020 is about 118,716 billion (the old plan is 130,216 billion), of which the state capital support about 55,000 billion, including 14,155 billion implementation prize The project cost VND27,694 billion to support the construction of PPP investment projects, VND13,151 billion for public investment. Investors’ capital was about VND63,716 billion, including equity of VND12,743 billion and loans of VND50,973 billion.

You can read more information at Vietnam Real Estate Market

With regard to the rate of return on capital, according to the provisions of the Law on Prices, the charge rate is around VND 2,500 / standard car per km (equivalent to a business time of about 24 years and the State capital contribution for 2017-2020 is about 55,000 billion).

However, according to the assessment, this price at the time of starting mining is quite high, beyond the payment capacity of people, does not attract the means effectively. Application for a fixed price of about 1,500 VND / standard car per km.

In case some of the bids for investor selection are unsuccessful, the Government recommends the National Assembly to permit the clearance of investment sections in the period 2017 – 2020 (about 14.155 billion / 654 km); to report to the National Assembly Standing Committee for consideration and decision on the remaining plan for the use of the remaining capital portions for further investment in sections with urgent demands.

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Arranged 120 Trillion Dongs Construct The First 654 Km Of North-South Highway
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