Investment in construction of Gia Nghia Expressway

Investing in the construction of Gia Nghia - Chon Thanh expressway worth 25,540 billion VND; Long Son Petrochemical Complex worth 5.4 billion USD is about to be put into operation.

Implementing investment in construction of Gia Nghia - Chon Thanh expressway, with a total investment of 25,540 billion VND; Long Son Petrochemical Complex with a capital of 5.4 billion USD will be put into commercial operation in October 2024...

Those were two of the investment news stories of the past week.

The $5.4 billion Long Son Petrochemical Complex will be commercially operational in October 2024.

In the recent announcement of business results for the second quarter and first half of 2024, Siam Cement Group (SCG, Thailand) said that in August and September 2024, it will test operate the entire Long Son Petrochemical Complex so that it can operate commercially in October 2024.

Long Son Petrochemical Complex has been operating at 100% capacity since November 2023, but has been temporarily suspended due to an incident.

The level of activity of the Complex will be based on global market demand.

Previously, LSP said that the entire Long Son Petrochemical Complex had been running a trial run at 100% capacity since November 2023 and was expected to be commercially operational in the second quarter of 2024.

However, on March 22, 2024, SCG said that the Long Son Petrochemical Complex encountered an unexpected technical problem during the test run. The complex was shut down from March to June 2024 to conduct maintenance, modifications, and enhance operational and operational standards.

Long Son Petrochemical Complex was granted an investment certificate in July 2008, with an initial total investment capital of 3.77 billion USD, then increased to 4.5 billion USD and 5.4 billion USD in the final phase.

The complex is invested by Long Son Petrochemical Company Limited (LSP) - a subsidiary 100% owned by SCG Chemical (SCGC).

This is the first and largest fully integrated petrochemical complex in Vietnam with a land area of ​​464 hectares and a water surface area of ​​194 hectares (for the seaport system). This is also the only project with an investment capital of over 1 billion USD from Thailand in Vietnam.

When operating stably at full capacity, the complex will produce 1.35 million tons of olefin products per year, which are raw materials for polyolefin (plastic resin) factories. And the polyolefin plant will produce essential plastic resins with a capacity of 1.4 million tons/year.

According to SCG's announcement, the Group's profit in the second quarter of 2024 was 3,708 million Baht (more than 2,600 billion VND), down 54% over the same period. However, if excluding extraordinary income, the profit only decreased by 29%.

Accumulated in the first 6 months of the year, SCG's profit was 6,133 million Baht (more than 4,300 billion VND), down 75% year-on-year and down 37% year-on-year if excluding extraordinary income.

The report also mentioned that the loss up to the end of the first half of 2024 at Long Son Petrochemical Complex is 4,814 million Baht (including depreciation and interest expenses), equivalent to about 3,390 billion VND.

The fact that Long Son Petrochemical Complex is not yet operational has made SCG's chemical segment the only loss-making business segment of the Group.

LSP currently has outstanding loans with three leading financial institutions amounting to approximately $1.3 billion and outstanding shareholder loans amounting to approximately $1.3 billion.

The Long Son Petrochemical Complex project also has depreciation and interest costs in 2024 ranging from 180 to 220 million USD.

Proposing the Prime Minister to approve the Ca Mau airport upgrade project worth 2,400 billion VND

The Ministry of Planning and Investment has just sent Official Dispatch No. 5840/BC – BKHĐT to the Prime Minister reporting the results of the appraisal of the investment policy for the Project to expand and upgrade Ca Mau Airport, Ca Mau Province. This is a project proposed by ACV.

Existing Ca Mau Airport. Photo: ACV

Based on the appraisal opinions of relevant ministries and localities; the dossier requesting approval of the investment policy of the Project proposed by the investor; and the explanation and additional opinions of ACV, the Ministry of Planning and Investment affirms that the Project has met the conditions to report to the Prime Minister for consideration and approval of the investment policy according to the provisions of the law on investment.

Accordingly, the Ministry of Planning and Investment proposed the Prime Minister to consider and approve the investment policy of the Ca Mau Airport expansion and upgrade project with the goal of expanding and upgrading Ca Mau Airport to ensure the exploitation of A320, A321 and equivalent aircraft; creating momentum for economic, cultural and social development, while ensuring national security and defense of Ca Mau province and the region.

The project includes the construction of a new runway measuring 2,400m x 45m, ensuring the operation of A320, A321 and equivalent aircraft; construction of a taxiway connecting the runway with the aircraft parking area measuring 128m x 15m, with 5m material margins on each side and 5 waiting taxiways; construction of an aircraft parking area in the southern area measuring 182m x 112.5m, with 5m wide material margins, meeting the operation of 3 parking positions for A320, A321 and equivalent.

Another important item of the Project is the renovation and expansion of the existing passenger terminal to a capacity of 500,000 passengers/year (ensuring the operation of 1 million passengers/year when needed). The construction area of ​​the passenger terminal is about 2,668m2, the total floor area is about 4,200m2, 2 floors, the height of the building is about 9.5m.

In addition, the Project also constructs a number of other synchronous auxiliary works such as traffic roads connecting the new aircraft parking lot to the passenger terminal, the school's outhouse, the fire emergency station, the security fence system, the synchronous belt road, etc.

With the above investment scale, the total investment capital to implement the Project is about 2,400 billion VND, using 100% of ACV's equity.

The Project implementation progress is 18 months from the date of investment policy approval; the Project's operating period is 50 years; investment incentives and support are implemented in accordance with current laws.

The Ministry of Planning and Investment recommends that the People's Committee of Ca Mau province allocate land according to the planning, land use plan and airport planning approved by competent state agencies to the Airport Authority so that the Airport Authority can allocate/lease land to implement the Project according to the provisions of Article 156 of the 2013 Land Law.

At the same time, inspect and supervise the implementation of the Project by ACV in accordance with the provisions of law, the Prime Minister's instructions and the opinions of relevant ministries and branches, including: inspecting and supervising the capital mobilization of ACV according to the progress of the Project implementation.

The Ministry of Transport is responsible for coordinating and guiding ACV in reviewing and completing the Project dossier in the step of preparing the Project Feasibility Study Report, ensuring safe flight methods, maximizing the role and efficiency of the Project investment; directing and guiding ACV on the handling plan for existing airport infrastructure assets invested and managed by the State at Ca Mau Airport, ensuring compliance with the provisions of the Law on Management and Use of Public Assets.

ACV is assigned full responsibility for the information, reported data, proposed content in the Project dossier and related supplementary reports; financial investment efficiency of the Project; efficiency in using, preserving and developing state capital according to the provisions of law.

Investors are also required to receive and implement the appraisal opinions of the Ministry of Planning and Investment in the Project Investment Policy Appraisal Report and the appraisal opinions of relevant Ministries and localities; organize the preparation, appraisal and approval of the Project Feasibility Study Report in accordance with current regulations.

Proposed plan to build Quy Nhon - Pleiku expressway worth 37,621 billion VND

Gia Lai Department of Transport has just sent a document to the Ministry of Transport regarding the review and update of the proposed investment plan for the construction of the Quy Nhon - Pleiku expressway.

Accordingly, Gia Lai Department of Transport requested the Ministry of Transport to consider reporting to the Prime Minister for approval to allow investment in the Quy Nhon - Pleiku expressway in the form of public investment.

Illustration photo

This project will have its starting point at the intersection with National Highway 19B (approximately Km39+200) in Nhon My commune, An Nhon town, Binh Dinh province; its end point at the intersection with Ho Chi Minh road (National Highway 14), in Pleiku city, Gia Lai province with a total route length of 122.9 km.

Gia Lai Department of Transport proposed to invest in the Project according to the planning scale of 4 lanes, with a total estimated investment of about 37,621 billion VND. It is expected that the project will be prepared for investment from 2024-2025; basic construction will be completed before 2030.

Regarding implementation, Gia Lai Department of Transport proposed that the Ministry of Transport be the competent authority to implement the project; the People's Committee of each province shall carry out site clearance work according to administrative boundaries.

In a document sent to the Ministry of Transport, the Gia Lai Department of Transport said that it had coordinated with the Department of Transport of Binh Dinh province and the Traffic Project Management Board of Binh Dinh province to review the contents consulted by the functional units of the Ministry of Transport.

After reviewing and researching, the route through Binh Dinh province has some adjustments in terms of starting point and route direction to suit the planning of communes and wards, ensuring space for urban development, inner and outer areas of An Nhon town.

Specifically, the length of the route through Binh Dinh province is about 37.3 km (a reduction of about 20.2 km), passing through An Nhon town (Nhon My commune) and Tay Son district (Tay An, Tay Binh, Binh Hoa, Binh Thanh, Binh Tuong and Tay Giang communes).

Regarding the adjusted interchange, on the route through Binh Dinh province, it is planned to arrange 3 interchanges, including the interchange with National Highway 19B (approximately Km39+200) (Nhon My commune, An Nhon town); the interchange with the North-South expressway in the East (Tay An commune, Tay Son district) and the interchange with National Highway 19 (Binh Tuong commune, Tay Son district).

Gia Lai Department of Transport plans to divide the Project into 3 sections. Section 1 starts from the starting point (Km0+000) to An Khe tunnel (Km39+300), 39.3km long, located entirely in Binh Dinh province. Section 2 starts from An Khe tunnel (Km39+300) to the end of Mang Yang tunnel (Km79+700), about 40km long, located entirely in Gia Lai province. Section 3 starts from Km9+00 to the end of the route (Km122+900), about 43.2km long, located entirely in Gia Lai province.

The results of research and preliminary calculations of the Project's financial plan show that, with the scenario of the maximum state support capital level of 50% of the total investment as prescribed by the PPP Law, the Project does not ensure financial efficiency as prescribed.

In case the Project is financially efficient and the payback period is expected to be less than 20 years, if divided into component projects, the State capital needed to support the Project will account for 75% to 85%.

However, this level of support capital is very large, not effective when investing under the PPP method and the policy of state capital plays the role of "seed capital" to attract socialized capital sources to participate in infrastructure investment; at the same time, it is necessary to build a special mechanism different from the provisions of the PPP Law.

Besides, the implementation of the Project investment under the PPP method in the current context cannot be confirmed with certainty for successful implementation because it still depends on the market, especially the ability to mobilize loans from credit institutions.

Referring to the Khanh Hoa - Buon Ma Thuot Expressway Project Phase 1, which is currently being implemented in the form of public investment, during the initial implementation process, the Ministry of Transport also studied investment in the form of public-private partnership (PPP), but for the Project to be financially efficient and have a payback period of 22 years, 18 years and 15 years, the amount of state capital needed to support the Project must account for 82% to 87% of the total investment.

In addition, survey data shows that the traffic volume of the Quy Nhon – Pleiku Expressway Project is only about 60 – 75% compared to the traffic volume surveyed at the Khanh Hoa – Buon Ma Thuot Expressway Project, so investment in the form of PPP is ineffective and difficult to be feasible.

Construction of Ring Road 4 - Capital Region reached 9.9% of volume, capital 12,600 billion VND

That is the information provided by the Hanoi Statistics Office in a report on the implementation of a number of key traffic projects and works in the capital on July 29.

According to the Hanoi Statistics Office, the Ring Road 4 project - Capital Region is being actively implemented by localities, handing over the site for construction of the entire project. Up to this point, the total investment capital for the project is about 12,600 billion VND, the construction progress has reached 9.9% of the volume.

The Ring Road 1 project, Hoang Cau - Voi Phuc section (phase 1) has a length of 2.3 km, cross-section of 50 m. The starting point of the route intersects with Cat Linh - La Thanh - Yen Lang road at Hoang Cau (Dong Da district) and the end point is at Voi Phuc intersection (Ba Dinh district). The investment level of phase 1 of the project is more than 7,200 billion VND from the city budget, of which construction cost is 627 billion VND, site clearance cost is 5,800 billion VND. To date, the project has disbursed 34.1% of the capital plan.

The project to renovate and upgrade National Highway 6 from Ba La intersection (Ha Dong district) to Xuan Mai town (Chuong My district) is 21.7 km long. This section will be upgraded to 4-6 lanes, designed speed of 80 km/h, roadbed width will be expanded to 50-60 m, contributing to completing the radial axis connecting National Highway 21A, Ho Chi Minh road and Ring Road 4 - Capital Region. The total investment capital of the project is 8,100 billion VND from the city budget. To date, the project has disbursed 7.7% of the capital plan.

Meanwhile, the Thang Long Highway, the section connecting National Highway 21 to the Hanoi - Hoa Binh Highway, is 6.7 km long, with a cross-section of 120 - 180 m. The total investment for the entire project is VND 5,200 billion. To date, the project has disbursed 7.7% of the capital plan.

Kien Giang was transferred 48.84 hectares of rice land to implement the project of investing in building a water supply system.

In Official Dispatch No. 555/TTg-NN, Deputy Prime Minister Tran Hong Ha approved the People's Committee of Kien Giang province to decide to change the purpose of using 48.84 hectares of rice-growing land to non-agricultural land to implement the Investment Project to build an inter-district raw water supply system of An Bien, An Minh, U Minh Thuong, Vinh Thuan, phase 1.

Changing land use purpose to build inter-district water supply system in U Minh Thuong region. (Illustration photo)

The Deputy Prime Minister requested the People's Committee of Kien Giang province to be responsible for the content and data of the report, organize inspection and review of the current status of land use to ensure consistency in records and field, and ensure the rice land quota allocated by the Prime Minister; take full responsibility before the law and the Prime Minister for the decision to change the purpose of rice land use to ensure compliance with the provisions of the law on land, the law on investment and other relevant laws;

Kien Giang province must ensure economical and effective land use, avoiding loss and waste; be responsible for inspecting and supervising the separation and use of topsoil according to the provisions of law; regularly inspect and resolve difficulties and problems in the process of organizing the implementation of land use conversion for rice cultivation in accordance with the provisions of law.

Investment project to build an inter-district raw water supply system of An Bien, An Minh, U Minh Thuong, Vinh Thuan with a total investment of more than 881 billion VND, implemented in the period 2022 - 2025.

Scale of the investment project to build an inter-district raw water supply system, a water transmission pipeline with a capacity of 30,000 m³/day and night, including collection works, tanks, raw water pumping stations, ground leveling, fence gates; operation management house; generator house; 22KV medium voltage power line.

The water transmission pipeline system has a total length of about 97km, including: a main water transmission pipeline of 22km in length, with a maximum capacity of 45,000 m³/day and night; an additional auxiliary pipeline connecting to 9 existing water supply stations with a length of about 75km.

Raw water reservoir of 900,000 m³, lake area of ​​30ha. Construction of 2 pumping stations, including booster pump station 1 with capacity of 1,000 m³/h, booster pump station 2 with capacity of 500 m³/h; reservoir, gate, fence, management house, generator house, 22KV medium voltage power line...

The implementation of the investment project to build an inter-district raw water supply system of An Bien, An Minh, U Minh Thuong and Vinh Thuan in the U Minh Thuong region aims to supply water to existing stations, gradually replace underground water sources and supplement a part of clean water for residential areas and industrial clusters of the districts.

At the same time, provide water sources that are of guaranteed quality, unpolluted, uncontaminated with alum, uncontaminated with salt, and hygienic, and increase the proportion of households using clean water according to the national target program on new rural construction.

When the project is completed and put into operation, it will provide people and water users in the Upper U Minh area with water for daily life and production, ensuring quantity and quality, overcoming the shortage of water for daily life in the dry season, contributing to improving people's lives and health. Thereby, the project contributes to promoting local socio-economic development, reducing social costs due to diseases related to water sources.

Can Tho determined to achieve public investment disbursement rate of over 95% in 2024

At the press conference, providing information on the socio-economic situation in the first 6 months of 2024, Standing Vice Chairman of Can Tho City People's Committee Duong Tan Hien said that the city's economic growth rate is on an upward trend, in the first quarter of 2024 GRDP increased by 3.13%, in the second quarter it was 6.74% and the estimated GRDP in the first 6 months of the year increased by 5.73% over the same period.

Some economic sectors and fields increased significantly compared to the same period, such as: Total retail sales of goods and service revenue is estimated to increase by 11.26%; industrial production index increased by 6.08%; export turnover of goods and service revenue is estimated at over 1.15 billion USD, up 7.12%; visitors and tourists increased by 11%; State budget revenue according to the agreed target reached over 5,900 billion VND, up 15.61%; banking activities continued to grow with total outstanding loans reaching 162 trillion VND, up 3.55% compared to the beginning of the year.

However, besides the positive aspects, the economic growth rate of Can Tho City has not met the planned requirements; the progress of completing the plan in some sectors and fields is still low (attracting non-budgetary investment, disbursement rate of investment capital, etc.); production and business activities of enterprises still face many difficulties, orders decrease, prices of materials and input materials tend to increase, etc.

The Vice Chairman of the People's Committee of Can Tho City emphasized: "In 2024, the city sets a target of economic growth of 7.5 - 8%. Identifying many difficulties and challenges, in the third quarter of 2024, the city will focus on drastically implementing solutions to boost economic growth, focusing on the three growth drivers of "investment, consumption and export". Directing to speed up the progress of works and public investment projects, determined to achieve a disbursement rate of public investment capital in 2024 of over 95%; continuing to promote administrative reform, focusing on improving the investment environment, enhancing competitiveness, promoting investment attraction from economic sectors, along with increasing support, removing difficulties, and making recommendations for businesses...".

In addition, according to Mr. Duong Tan Hien, the city is interested in supporting and coordinating the implementation of non-budget capital projects such as: O Mon Thermal Power Plant II, III and IV; expressway projects through the city; VSIP Can Tho Industrial Park project, Aeon Mall project, Microprocessor Research Center and Electronic Microchip Factory...; focusing on effectively implementing the tasks in Decision No. 589/QD-TTg of the Prime Minister promulgating the Plan to implement the Can Tho City Planning for the period 2021 - 2030, with a vision to 2050...

Nghe An approves the project of Cua Lo deep-water port with capital of 7,325 billion VND

At the recent regular meeting in July 2024, the Standing Committee of Nghe An Provincial Party Committee agreed on the policy of adjusting the Cua Lo Deep-Water Port Construction and Operation Project.

Cua Lo deep-water port project was adjusted to 3 wharfs with a total investment of nearly 7,325 billion VND.

Accordingly, the province will adjust the project scale as follows: build 03 berths (including 2 berths for ships up to 50,000 DWT and 1 berth for ships of 100,000 DWT), with a total berth length of 800m, along with a port rear area of ​​32 hectares and ancillary works such as: 1,550m long breakwater, connecting bridge from the bridge to the berth, ship channel, ship turning and docking area.

The land use area for the port's rear area is about 32 hectares of land. The water surface use area is about 208.15 hectares for the construction of offshore port facilities including: Dock, breakwater, bridge connecting the bridge to the dock; turning area, ship anchorage and navigation channel.

The total investment capital for the project is about 7,325 billion VND. The investment is divided into 2 phases: Phase 1 investment capital (2024 - 2028) is 5,250,804 billion VND; Phase 2 investment capital (2029 - 2030) is 2,074,152 billion VND.

Project implementation progress from the second quarter of 2024 to the fourth quarter of 2024, completing procedures according to legal regulations. Phase 1, starting from wharf No. 06 and wharf No. 07 (50,000 DWT), building 1,200m of breakwater, connecting bridge No. 01, shipping channel and maritime support, road, architectural works and accompanying infrastructure; implementation period from 2024 - 2028.

Phase 2, investing in wharf No. 05 (100,000 DWT), building 350m breakwater, connecting bridge No. 02, beach road, architectural works and accompanying technical infrastructure; implementation period from 2029 - 2030.

Emphasizing that this is a key project of the province, Nghe An Provincial Party Secretary Thai Thanh Quy requested departments and branches to focus on implementing the project.

It is known that Cua Lo Deepwater Port is an important transport system connecting the national transport network passing through Nghe An province such as: Vinh International Airport, Hanoi - Ho Chi Minh City railway, National Highway 1A, coastal road, National Highway 7C..., is the logistics hub of the region and the shortest gateway to the sea on the East - West economic corridor, serving the transportation and reception of goods for Laos and the Northeast region of Thailand.

However, Cua Lo Deepwater Port infrastructure has not been able to receive ships with a capacity of over 50,000 DWT... Most of the goods from Nghe An must go through Nghi Son, Vung Ang, and Hai Phong ports.

Therefore, this Project is implemented with the expectation of ensuring the synchronization of the traffic infrastructure system connecting Cua Lo deep-water ports with the foreign traffic network via National Highway 7C (Road D4), serving large-scale maritime freight traffic, ensuring synchronization of infrastructure to implement the Cua Lo Deep-water Port Investment, Construction and Business Project, creating an attractive and effective investment attraction environment.

Implementing investment in construction of Gia Nghia - Chon Thanh expressway, total investment of 25,540 billion VND

The Government Office has document No. 5390/VPCP-CN conveying the opinion of Deputy Prime Minister Tran Hong Ha on the implementation of the National Assembly's Resolution on the investment policy of the North-South Expressway construction investment project, western section Gia Nghia - Chon Thanh.

Specifically, Deputy Prime Minister Tran Hong Ha assigned the Ministry of Transport to preside over and coordinate with the People's Committee of Binh Phuoc province and relevant ministries and branches to draft a Resolution of the Government to implement Resolution No. 138/2024/QH15 dated June 28, 2024 of the National Assembly on the investment policy of the North-South Expressway construction investment project, western section Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc), to submit to the Government before August 5, 2024.

Construction of the North-South Expressway in the West, Gia Nghia - Chon Thanh section, creates new development momentum for the Central Highlands and the Southeast region. (Illustration photo)

According to Resolution No. 138/2024/QH15, the North-South Expressway Construction Investment Project, Western section Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc) has an investment scope of about 128.8 km, divided into 05 component projects. The preliminary total investment of the Project is 25,540 billion VND, including: Central budget capital is 10,536.5 billion VND; local budget capital is 2,233.5 billion VND; capital arranged by investors is 12,770 billion VND.

The project will be implemented from 2024, basically completed in 2026, and put into operation in 2027.

The project's objective is to build a key expressway connecting the Central Highlands with the Southeast region, connecting Binh Phuoc, Dak Nong provinces and other localities in the region with Ho Chi Minh City, creating new space and development momentum for the Central Highlands and the Southeast region; exploiting land use potential, developing tourism, processing industry, mineral exploitation industry, gradually restructuring the Central Highlands economy; contributing to the successful implementation of socio-economic development goals and tasks, ensuring national defense and security in the Central Highlands, the Southeast region and the country according to the Resolution of the 13th National Congress of the Party, the Resolutions of the Politburo.

Nhon – Hanoi Railway Station Metro Line is granted System Safety Certificate

The Hanoi Urban Railway Project Management Board (MRB) said that on July 31, the unit worked with the State Inspection Council on construction acceptance to review and approve the results of the project completion acceptance.

MRB will continue to work to ensure that every final step is completed safely, efficiently and in accordance with regulations.

Previously, on July 30, the elevated section of the Hanoi Urban Railway Pilot Project, Nhon - Hanoi Station section (Nhon - Hanoi Station metro) was officially granted a system safety certificate, a certificate confirming that the urban railway line was designed and constructed in accordance with safety management standards and meets operational safety conditions.

Vietnam Railway Authority - Ministry of Transport has issued Certificate of assessment of urban railway system safety dossier No. 356/2024/GCN-CĐSVN dated July 30, 2024.

System safety certification is a mandatory requirement and a prerequisite for putting an urban railway project into commercial operation.

On July 29, the Ministry of Natural Resources and Environment also granted Environmental License No. 276/GPMT-BTNMT to MRB (Investor) and Hanoi Railway One Member Co., Ltd. (Operator) to carry out environmental protection activities of the elevated section of the Project "Hanoi City Pilot Urban Railway Line, Nhon - Hanoi Station section" in the districts: Nam Tu Liem, Bac Tu Liem, Cau Giay, Dong Da and Ba Dinh, Hanoi City.

The project has criteria like a group A project (classified according to criteria prescribed by the law on public investment) and environmental criteria like a group I project according to the provisions of the Law on Environmental Protection. The term of the License is 7 years.

Obtaining the Environmental Permit and System Safety Certificate is an important milestone, marking the completion of the highest technical requirements and safety standards during the construction and operation of the Hanoi pilot urban railway line, Nhon - Hanoi station section.

This is considered a big step towards officially putting the elevated section of the Nhon - Hanoi Station metro line into commercial operation.

The Hanoi Urban Railway Project Management Board said it will soon announce the official commercial operation date of the elevated section of the Nhon - Hanoi Station metro project.

In the fourth quarter of 2024, Can Tho will start construction on a project to expand 5 intersections, with a capital of nearly 1,200 billion VND.

According to the Department of Transport of Can Tho City, up to now, the Project Management Board and Land Fund Development of Ninh Kieu District has approved the results of selecting a consulting contractor to design and estimate the Project to renovate and expand 5 key intersections in Ninh Kieu District, Can Tho City.

This is one of the key projects of Can Tho City, with a total investment of 1,196 billion VND, from the state budget, invested by the Ninh Kieu District Project Management and Land Fund Development Board. The project has completed the inventory of houses and structures, and is expected to start construction of intersections No. 1 and No. 4 in the fourth quarter of 2024.

The intersection between Mau Than Street and 3/2 Street, Ninh Kieu District is often congested during rush hour.

The investment project to renovate and expand 5 key intersections in Can Tho City was approved in Decision No. 2791/QD-UBND, dated November 23, 2023 of the People's Committee of Can Tho City.

The project investment objective is to expand and construct intersections within the project scope to meet current and future traffic flow requirements, minimize traffic congestion; construct modern intersections, contributing to improving urban aesthetics; gradually complete the city's traffic network and technical infrastructure according to the approved planning, contributing to the socio-economic development of Ninh Kieu district in particular and Can Tho city in general.

The project is divided into 2 phases. Phase 1 expands the intersection at the same level, controlled by traffic lights, and arranges independent right turns. Investment items include renovating and expanding 5 intersections, sidewalks, trees, public lighting systems, rainwater drainage systems, fire protection water supply systems, and traffic signals.

Phase 2, in the future, consider arranging overpasses or underpasses according to traffic needs.

Five intersections to be renovated and expanded include: Interchange No. 1 (Mau Than Street – 3/2 – Tran Hung Dao Street); Interchange No. 2 (Mau Than Street – Nguyen Van Cu Street – Vo Van Kiet Street); Interchange No. 3 (Nguyen Van Linh Street – Nguyen Van Cu Street); Interchange No. 4 (Nguyen Van Linh Street – 3/2 Street) and Interchange No. 5 (Nguyen Van Linh Street – 30/4 Street).

According to the Approval Decision, the project implementation period shall not exceed 4 years. In 2023 - 2024, priority will be given to implementing 2 intersections with high traffic volume and frequent traffic congestion, including: Intersection No. 1 (intersection of Mau Than - 3 Thang 2 - Tran Hung Dao streets) and Intersection No. 4 (intersection of Nguyen Van Linh - 3 Thang 2 streets).

In 2025, deploy the following contents in accordance with regulations, and when necessary, submit appropriate project adjustments.

Da Nang reclaims additional land of nearly 10 hectares to serve the Hoa Lien - Tuy Loan expressway

At the 19th Session, 10th Term, the People's Council of Da Nang City approved the Resolution on the List of works and projects requiring additional land acquisition in 2024 of Da Nang City with a total of 23 projects with a total area of ​​over 116 hectares, including the expected additional land acquisition area in 2024 of over 43.6 hectares. Of which, 2 projects need additional land acquisition in 2024 to serve the Hoa Lien - Tuy Loan expressway project in Hoa Vang district.

The Hoa Lien - Tuy Loan Expressway project is under construction.

Specifically, Da Nang reclaimed 2,429 m2 of land (the entire project area) in Hoa Son commune to serve the 220kV high-voltage power line relocation project to serve the Hoa Lien - Tuy Loan expressway construction project of the North - South expressway in the East (estimated capital plan in 2024 is 32.04 billion VND).

Next, the City reclaimed a land area of ​​97,295 m2 in Hoa Nhon commune (total project land area is 109,286 m2) to serve the Resettlement Area Project No. 1 to serve the clearance of the Hoa Lien - Tuy Loan Expressway Construction Project (estimated annual capital plan is 217,748 billion VND). This is a project approved in Resolution No. 32/NQHDND, dated August 12, 2021, which has now been almost 3 years but has not been completed, so it is proposed to continue to be included in the list of projects requiring land recovery.

Regarding the Hoa Lien - Tuy Loan Expressway Project, the People's Committee of Da Nang City said that the project has a total route length of about 11.5 km, passing through 3 communes of Hoa Lien, Hoa Son and Hoa Nhon in Hoa Vang district; the project implementation period is in 2021-2025.

The total investment is 2,112,985 billion VND from the state budget. Of which, the cost of compensation for site clearance including the reserve is 951,190 billion VND (the cost of constructing the resettlement area is 105,177 billion VND and relocating the power line is 81 billion VND). The investor of the site clearance sub-project is the Management Board of Infrastructure Development Projects of Da Nang Industrial and High-Tech Parks (hereinafter referred to as the Management Board).

Site clearance progress, as of June 28, 2024, has counted 1,207/1,216 files and counted 2,758 graves; held legal review meetings for 1,043/1,216 files and assessed 952 files.

Da Nang has paid and handed over the site of 832 files, handed over 2,450 graves; the total value of assessed and approved compensation is 119,389 billion VND, of which 51,906 billion VND has been paid.

By the end of June 2024, the Management Board is completing investment preparation procedures to submit for appraisal and approval of Resettlement Area Project No. 1 to serve the clearance of the Hoa Lien - Tuy Loan Expressway Construction Project (belonging to the North - South Expressway, Eastern part, Da Nang City); is implementing related procedures to organize the relocation and handover of technical infrastructure of 220kV, 500kV high-voltage lines...

The People's Committee of Da Nang City also informed that for resettlement arrangement, the appraisal and approval of the construction drawing design of Resettlement Area Project No. 1 will be completed and construction bidding will be deployed, and construction will be implemented in the third quarter of 2024; the actual land handover for the first resettlement arrangement for the project is expected in May 2025, handover in phases according to the resettlement land arrangement progress and completed in 2025.

Thua Thien Hue invests in a 506 billion VND trade center and furniture supermarket

The People's Committee of Thua Thien Hue province has just approved the investment policy for the project of a trade center and supermarket for construction materials and high-end interiors at the DV22-2 land plot in Area C - An Van Duong New Urban Area.

Accordingly, the Project has the form of selecting investors through bidding organization to select investors according to regulations.

An Van Duong New Urban Area, Thua Thien Hue Province.

The total investment of the project is 506 billion VND; of which, the preliminary total cost of project implementation is 500 billion VND; the preliminary cost of compensation, support and resettlement is 5.69 billion VND.

The project implementation location is at DV22-2 land lot, in Area C - An Van Duong New Urban Area and in Phu My commune, Phu Vang district, Thua Thien Hue province.

The project's operational objective is to form a commercial center - supermarket of high-end construction materials and interiors in Area C - An Van Duong New Urban Area; diversify the supply of high-end, smart and environmentally friendly construction materials and interiors, meeting the actual needs of the people; contribute to changing the appearance of Phu My - Thuan An road axis and the area in Phu My commune, Phu Vang district; create a driving force for socio-economic development of Thua Thien Hue province.

The project's land use area is expected to be approximately 23,935 m2; the maximum designed total construction floor area is approximately 47,870 m2.

Regarding the expected scale of construction architecture, the project has a construction density of less than 40%; height of less than 5 floors. The project's operating period is 50 years from the date of the decision on land allocation and land lease.

Regarding the project implementation progress, regarding the progress of capital contribution and capital mobilization, immediately after the competent State agency approves the results of selecting investors to implement the project, the investor must ensure capital to implement the project, in which the investor's own capital is at least VND 101.2 billion (accounting for at least 20% of the total investment capital); other legally mobilized capital is at most VND 404.8 billion (accounting for at most 80% of the total investment capital, contributing capital according to the project implementation progress).

The progress of basic construction and putting the project into operation or exploitation shall not exceed 24 months from the date of issuance of the construction permit. In particular, the project is expected to start construction in the first quarter of 2025; complete and put the entire project into operation in the first quarter of 2027.

According to Vice Chairman of the People's Committee of Thua Thien Hue Province Phan Quy Phuong, the investor selected to implement the project must comply with the procedures related to the laws on investment, land, construction, environment and current regulations; have financial capacity to ensure land use according to the project's progress. At the same time, the Provincial People's Committee also assigned the Department of Planning and Investment to act as the inviting party and organize the preparation and submission for approval of the project invitation dossier; and announce the invitation for project interest according to regulations. Based on the results of the evaluation of the registration dossier for the implementation of the business investment project, the Department of Planning and Investment submitted to the Provincial People's Committee for consideration and approval of the invitation for interest and organized the selection of investors for this project.

Long An calls for investment in residential area projects, capital of more than 11,222 billion VND

The Department of Planning and Investment of Long An province is inviting interested investors to submit applications to implement the Residential Area Project in My Hanh Bac commune, Duc Hoa district, Long An province.

The project has a land use area of ​​approximately 214,9217 hectares. The construction land area for the area invested by the investor is expected to be 331,768.24 m2; for the area transferred by the investor to the people for construction is 465,484.41 m2. The population size is approximately 30,681 people.

The project is implemented in Duc Hoa district, Long An province.

The project provides real estate products for transfer and sale of houses (raw construction, completed facade); sale and lease of social housing; sale, lease, and business of service floors within the project land area in accordance with approved planning.

Preliminary structure of housing products, for townhouses: The investor will build the rough construction, complete the facade of 1,485 units in the adjacent residential lots belonging to the frontage subdivisions of routes N22, N27, N30, D6, D7 and provincial route 823B with an expected total land area of ​​159,369 m2; construction height of 4 floors; total construction floor area of ​​about 599,085 m2. For the remaining 5,230 adjacent residential lots, the investor will transfer the land use rights to the people for construction, ensuring compliance with the detailed planning at a scale of 1/500 and the design will be appraised and approved.

For villas: The investor will build the rough construction and complete the facade of 46 villas in the villa lots in the frontage subdivisions of D7 road with an estimated total land area of ​​8,101 m2; construction height of 4 floors; total construction floor area of ​​about 18,956 m2. For the remaining 252 villa lots, the investor will transfer the land use rights to the people for construction, ensuring compliance with the detailed planning at a scale of 1/500 and the design will be appraised and approved.

For social housing: The investor invests in building social housing on 5 land lots marked CC-09, CC-10, CC-11, CC-12, CC-13 with an expected total land area of ​​164,298 m2, 9 floors high; total construction floor area of ​​about 201,894.00 m2.

Preliminary total project implementation cost is nearly 7,030 billion VND; compensation, support and resettlement costs are more than 4,192 billion VND.

Project implementation progress is expected to be 6 years (expected from the first quarter of 2025 to the fourth quarter of 2030) from the date of investor approval.

Proposed $320 million railway safety improvement project

Project Management Board 2 has just sent a document to the Ministry of Transport proposing a Railway Traffic Safety Improvement Project using WB loan capital.

The project aims to improve train safety, reduce annual maintenance and operation costs of existing level crossings after constructing grade-separated interchanges with roads; and eliminate road congestion when trains pass through.

Illustration photo.

Based on the initial research results, Project Management Board 2 proposed that the project will invest in grade-separated intersections for 21 intersections between 4 railway lines (including the lines: Hanoi - Ho Chi Minh City; Hanoi - Hai Phong; Yen Vien - Lao Cai and Hanoi - Dong Dang) with National Highways located in 13 provinces and cities across the country, stretching from North to South.

Specifically, for the Hanoi - Ho Chi Minh City railway line, it is expected to be deployed at 13 intersections (the type of intersection is road crossing railway), located in 8 provinces/cities including: Hanoi has 1 location, Thanh Hoa has 2 locations, Ha Tinh has 3 locations, Quang Binh has 2 locations, Phu Yen has 1 location, Khanh Hoa has 1 location, Binh Thuan has 1 location and Dong Nai has 2 locations,

For the Hanoi - Dong Dang railway line, it is expected to be deployed at 2 intersections (the type of intersection is road crossing railway), of which Bac Giang has 1 location and Lang Son has 1 location.

The Yen Vien - Lao Cai railway line is expected to have 5 intersections (the type of intersection is a road crossing a railway), of which Phu Tho has 3 locations and Lao Cai has 2 locations.

The Hanoi – Hai Phong railway has one intersection (the type of intersection is a road crossing over a railway), located in Hai Phong City. This location is on the branch line connecting to the Hanoi – Hai Phong railway from Vat Cach station to Vat Cach port.

Due to the characteristics of railways requiring small longitudinal slopes and some other special technical characteristics such as stations, railway signal information systems, train safety, etc., the option of building a railway bridge over the road will be very costly and difficult to implement, so the main recommended option is to build a road bridge over the railway.

The total investment for the Railway Traffic Safety Improvement Project is expected to be about VND8,148.59 billion, equivalent to about USD320.04 million, of which the two largest expenditures are construction costs of VND4,575 billion and contingency reserves of VND1,786 billion.

The project is proposed to use ODA loan capital from the World Bank worth about 5,716.54 billion VND, equivalent to about 224.52 million USD to be used for the following items: construction costs; design consulting costs; construction supervision consulting costs; contingency costs for the above items.

Counterpart capital worth about VND 2,432.05 billion (equivalent to about USD 95.52 million) is used for the following items: project management costs, VAT, design consultancy, supervision, other consultancy and other costs; site clearance costs; contingency costs for the above items.

If approved by the competent authority, the Project will be implemented within 5 years after the Funding Agreement comes into effect (expected from 2025 to 2030).

Investing 8,981 billion VND to build Dau Giay - Tan Phu expressway phase 1

The Minister of Transport has just signed Decision No. 954/QD-BGTVT approving the investment project to build the Dau Giay - Tan Phu Expressway (phase 1) under the PPP method.

The project has a length of 60.24 km with the starting point (Km0+000) at the intersection with National Highway 1, connecting with Ho Chi Minh City - Long Thanh - Dau Giay Expressway, in Dau Giay town, Thong Nhat district, Dong Nai province; the end point: at Km60+243.83 (end of the intersection with National Highway 20), connecting with the Tan Phu (Dong Nai) - Bao Loc (Lam Dong) Expressway Construction Project, in Phu Trung commune, Tan Phu district, Dong Nai province.

Dau Giay Interchange – starting point of Dau Giay – Tan Phu Expressway.

The entire length of the project route is located in Thong Nhat, Xuan Loc, Dinh Quan and Tan Phu districts of Dong Nai province.

In the completion phase, the Dau Giay – Tan Phu expressway is a class 100 expressway, with a scale of 4 lanes, a cross-section of 24.75m, and a design speed of 100 km/h. In phase 1, the geometric elements (plan, longitudinal profile) of the route meet the standards of a class 100 expressway, with a scale of 4 lanes and a roadbed width of 17m.

At locations where soft soil is treated, roadbeds are excavated, embanked, within the scope of interchanges, emergency stops, and highway bridges, the cross-section is designed according to the scale of the completed phase with a roadbed width of 24.75m.

Within the scope of the Project, 5 interconnecting intersections will be arranged, of which phase 1 will invest in 4 intersections and plan 1 intersection.

Specifically, Dau Giay intersection (Km0+000) connecting Ho Chi Minh City – Long Thanh – Dau Giay Expressway and National Highway 1 has been invested to complete the asterisk-shaped intersection; the scale of the intersection branches is from 1 to 2 lanes.

DT.763 Interchange (about Km16+500) connects the expressway with National Highway 20 and National Highway 1 via DT.763; the intersection is trumpet-shaped; the size of the intersection branches is from 1 to 2 lanes.

Cao Cang Interchange (about Km38+000) connects the expressway with National Highway 20, the center of Dinh Quan district and Duc Linh district, Binh Thuan; the intersection is trumpet-shaped; the scale of the intersection branches is from 1 to 2 lanes. Tan Phu Interchange (Km57+700) connects the expressway with National Highway 20, the center of Tan Phu district; the intersection is trumpet-shaped; the scale of the intersection branches is from 1 to 2 lanes.

At the intersection with DT.770B (about Km10+400), the immediate investment will be to build a direct overpass on the highway; the investment to complete the interchange will be carried out at the appropriate time.

According to Decision No. 954, the Project will build 26 bridges on cross-roads crossing the highway and 4 bridges on the branch of the highway overpass; arrange 24 underpasses for people combined with some underpasses under the main bridges to meet the needs of connecting people on both sides of the highway.

In addition, the Project also builds about 31 km of service roads combined with a system of underpasses, overpasses, and existing roads to ensure traffic connection, limiting impacts on the lives of residents on both sides of the route; the scale of rural roads is class B. For sections of the route that overlap with existing roads, the restoration road will be built at a scale equivalent to the current road.

The project invests in completing the system of equipment on the highway, intersection branches, route traffic control center, management software... to serve the management and exploitation of the highway to ensure smooth, safe, efficient, timely, convenient and environmentally friendly traffic.

The structure of the intelligent traffic management system includes the main components: camera surveillance system; vehicle detection system; variable information sign system; digital transmission system; radio information system; communication system; power supply system; route traffic management center; non-stop electronic toll collection system; vehicle load control facility.

The route traffic management center is located at the Cao Cang intersection (about Km38+000). The toll collection system applies non-stop electronic toll collection technology, synchronized with the toll collection solution being deployed on expressways, ensuring economic and technical efficiency.

It is expected that a rest stop will be arranged at Km 40, with an area of ​​about 3 hectares/side. The cost of site clearance for the rest stop is included in the total investment of the Project; the investment, business and exploitation plan for the rest stop will be implemented in accordance with the provisions of law.

The total land area occupied by the Project is about 378 hectares, of which Thong Nhat district is about 95 hectares; Dinh Quan district is about 156 hectares; Xuan Loc district is about 5 hectares; Tan Phu district is about 122 hectares.

With the above investment scale, the Project has a total investment of VND 8,981 billion, of which the capital mobilized by the investor is about VND 7,681,539 billion; state capital is about VND 1,300 billion, belonging to the medium-term public investment plan of state budget capital for the period 2021 - 2025 approved by the Prime Minister in Decision No. 1535/QD-TTg dated September 15, 2021.

With the state participating in about 20% of the total investment; the investor's profit rate is 11.77%/year, loan interest rate is 9.47%/year, the starting fee applied to group 1 vehicles is 1,900 VND/km... The project has a payback period of 18 years, 2 months and 11 days.

The Ministry of Transport authorized the Vietnam Expressway Administration to be the contracting agency. The Thang Long Project Management Board was assigned as the inviting party.

The form of selecting investors for the Project is domestic open bidding. The time for organizing the selection of investors is from 2024 to 2025. In this Project, the mechanism for sharing the increase and decrease in revenue: implemented according to the provisions of Article 82 of the Law on Investment under the public-private partnership method and Decree No. 28/2021/ND-CP dated March 26, 2021 of the Government stipulating the financial management mechanism of investment projects under the PPP method.

When completed, the project will meet transportation needs, reduce traffic congestion and ensure traffic safety on National Highway 20; complete and put into operation synchronous expressways with large capacity, traffic safety and high speed on the Ho Chi Minh City - Dau Giay - Lien Khuong transport corridor, promoting the socio-economic development of Dong Nai province in particular and the Southeast region in general.

The project also creates a driving force for connection, promotes cooperation and development of the Southeast region with the Mekong Delta, the Central Highlands and the South Central region; increases the competitiveness of the economy in the context of deep integration, gradually perfects the road traffic network according to the plan; contributes to ensuring national defense and security.

Source: https://baodautu.vn/dau-tu-xay-dung-cao-toc-gia-nghia—chon-thanh-25540-ty-dong-sap-van-hanh-to-hop-hoa-dau-long-son-54-ty-usd-d221569.html