Investors have been found for the Hanoi Beltway 4 PPP project with a capital of 53,302 billion VND.

Perspective of a section of Ring Road 4 in the Capital region.

Perspective of a section of Ring Road 4 - Hanoi Capital Region.

The Chairman of the Hanoi People's Committee has just signed Decision No. 2952/QD-UBND approving the results of selecting investors to implement Component Project 3: Investment in the construction of expressways under the PPP method, BOT contract type under the Investment Project for the construction of Ring Road 4 - Hanoi Capital Region.

Specifically, the winning investor of Component Project 3 - the important and largest component project of the Ring Road 4 Construction Investment Project - Hanoi Capital Region is the Joint Venture of City Real Estate Investment Company Limited - Saigon Sunflower Company Limited - Vietnam Expressway Development Investment Corporation - One Member Limited Liability Company - Horizon Investment Joint Stock Company (CITYLAND - SUNFLOWER - VEC - HORIZON).

The proposed price of the CITYLAND - SUNFLOWER - VEC - HORIZON consortium is 56,050 billion VND, of which the Sub-project using state capital in the PPP project has a total investment capital of 23,861 billion VND; the remaining part using investor capital is 32,189.54 billion VND.

The total investment and capital structure of the Project will be accurate after negotiation and completion of the project contract between the Contracting Agency and the investor.

The implementation period of the Investment Project (according to the approved Investment Project) is basically completed in 2026 and put into operation in 2027 and will be adjusted when the competent authority reviews and approves; the time for collecting tolls to recover capital (according to the investor's proposal) is 21.36 years.

The Chairman of the Hanoi People's Committee assigned the City Traffic Construction Investment Project Management Board to coordinate with relevant departments and branches to negotiate and finalize the contract with the winning investor and project enterprise to consider and resolve issues regarding loan interest rates, contingency costs, investment project implementation progress, financial and commercial plans, and traffic vehicle load regulation to ensure compliance with the bidding documents and the approved investment project feasibility study report and financial plan.

“In the process of negotiating and completing the contract, if there are any difficulties, problems or failure to reach an agreement with the investor, report to the competent authority for consideration and decision in accordance with the provisions of law on investment under the PPP method,” Decision No. 2952 clearly stated.

Component project 3: Investment in construction of expressway under PPP method, BOT contract type under the Investment Project for Construction of Ring Road 4 - Hanoi Capital Region with a total length of about 113.52 km, including 103.82 km of main route and 9.7 km of connecting route towards Noi Bai - Ha Long expressway. The route is invested according to class A expressway standards, design speed of 100 km/h.

In the current phase, the investment is being made first for 4 lanes (according to the approved policy); the roadbed width is 17 m; the bridge width is 17.5 m (the bridges over the Red River and Duong River have a bridge width of 24.5 m to arrange 2 more lanes for motorbikes and non-motorized vehicles to cross the bridge connecting the two river banks to create favorable travel conditions for people); the phase of completing the scale of 6 complete expressway lanes (to be implemented later and according to the policy approved by competent authorities).

The total investment of the Project (according to Decision No. 6479/QD-UBND dated December 20, 2023 of the Hanoi People's Committee) is 56,293,541 billion VND.

Source: https://baodautu.vn/da-tim-duoc-nha-dau-tu-du-an-ppp-vanh-dai-4-ha-noi-von-53302-ty-dong-d304771.html