Adjusting investment policy for Thai Binh coastal road project

Accordingly, the Government decided to adjust the total investment of the project to more than VND 4.8 trillion, an increase of about VND 1 trillion compared to Decision No. 348 issued on March 28, 2018 by the Prime Minister , which stipulated the total investment of the project to be more than VND 3.8 trillion.

At the same time, the capital structure was adjusted to include central budget capital of more than 1.1 trillion VND, local budget capital and other legally mobilized capital sources of more than 2.6 trillion VND, and BOT investor capital of more than 1 trillion VND.

Illustration photo (Photo: VGP),

In addition, the project's expected time for operation, exploitation, and toll collection is adjusted to 24 years and 8 months.

In case the Ninh Binh - Hai Phong Expressway (CT.08) is put into operation and used, affecting the revenue and financial plan of the project, the People's Committee of Thai Binh province, the investor and related parties shall negotiate on the principle of ensuring the harmony of interests of the parties in accordance with the provisions of current law and the signed BOT contract.

According to previous regulations, investors build toll stations for road use services to recover capital for the portion of capital that the Investor invested in building the project.

The expected time for collecting road service fees to recover project capital is 23 years and 3 months from 2022 to 2045. The official time will be determined through bidding to select investors.

The Government also adjusted the project investment and construction period from 2018 to 2025 instead of the period from 2018 to 2021 as previously regulated. Other contents remain the same according to Decision No. 348.

Source: https://www.baogiaothong.vn/dieu-chinh-chu-truong-dau-tu-du-an-tuyen-duong-bo-ven-bien-thai-binh-192250120235103981.htm