Adjusting investment policy for construction of My Thuan Expressway

Preliminary total investment for the My Thuan - Can Tho Expressway Construction Project, Phase 1 is 5,826.23 billion VND - Illustrative photo.

Specifically, approve additional investment in a number of items, including:

Intersection with Vo Van Kiet extended road, in Vinh Long province: Designed as a split-merge intersection, the intersection area has two roundabouts for U-turns and a bridge built on the level crossing over My Thuan - Can Tho expressway.

The system of residential roads along the route has a total length of about 9.7 km, of which the length through Dong Thap province is about 7.3 km and the length through Vinh Long province is about 2.4 km; the scale of rural roads type B according to TCVN 13080:2014, the width of the _roadbed B = 5 m, the width of the road surface B = 3.5 _m , the structure of the high-class road surface A2.

Complete the remaining items of the intelligent transport system (ITS) and the route traffic management and operation center.

Total investment of the Project is 5,826.23 billion VND

The preliminary total investment of the Project is 5,826.23 billion VND. The investment capital comes from the Central Budget. In which, the period 2016 - 2020: the capital source of the medium-term public investment plan for the period 2016 - 2020 is 932 billion VND;

The 2021 - 2025 period is about 4,894.23 billion VND, of which: The capital source for the medium-term public investment plan for the 2021 - 2025 period is about 4,320.42 billion VND; the source of increased central budget revenue in 2022 is 573.81 billion VND.

(According to Decision No. 839/QD-TTg dated June 16, 2020, the total investment of the project is 4,827.32 billion VND).

The decision clearly states that for the initially approved items, the entire main route will be completed in 2023, and the entire project (phase 1) will be completed in the second quarter of 2024.

For additional items of the intersection with the extended Vo Van Kiet road, residential service roads, and some items serving management and operation, implementation will continue from 2024 and completion will be in 2025.

Other contents remain the same as Decision No. 839/QD-TTg dated June 16, 2020 of the Prime Minister.

Implement the project in accordance with the approved plan

The Prime Minister assigned the Ministry of Transport to take full responsibility for the proposal to adjust the Project's investment policy and the accuracy of the information and data in the report on adjusting the Project's investment policy; to preside over and coordinate with relevant agencies to prepare, appraise and decide on adjusting the investment project in accordance with legal regulations; and to send it to the Ministry of Planning and Investment for monitoring, supervision and synthesis in accordance with regulations.

At the same time, organize the implementation of the Project in accordance with the approved planning and legal regulations on investment, construction, and bidding; avoid loss, waste, and negativity during the project implementation process.

The Ministry of Transport shall preside over the research and mobilization of legal capital sources to invest in completing the remaining management and operation items of the Project (Non-stop Electronic Toll Collection System, Vehicle Load Control Project and Rest Stop Station) according to regulations, ensuring synchronous and effective operation. The Ministry of Transport shall strictly manage the costs in the total investment of the Project. In case of cost savings, it shall proactively invest in some infrastructure items of the Non-stop Electronic Toll Collection System according to the provisions of law.

The Ministry of Transport closely coordinates with the People's Committees of Vinh Long and Dong Thap provinces and relevant ministries and agencies in the process of implementing the Project; takes full responsibility for selecting qualified contractors to implement the Project in accordance with the provisions of law, ensuring publicity, transparency, quality, efficiency and progress.

The Ministry of Planning and Investment is fully responsible for the results of capital appraisal and the project's capital balancing ability; coordinates with the Ministry of Finance and the Ministry of Transport to review and balance capital sources to implement the project in accordance with legal regulations...

The People's Committee of Vinh Long province is responsible for presiding over the investment implementation of the route connecting to Vo Van Kiet intersection in accordance with the approved planning, on schedule with the maximum commitment in the period of 2026 - 2030, in accordance with the provisions of law on investment, construction, bidding, ensuring synchronous completion, promoting the effectiveness of construction investment...

* The investment in the construction of the My Thuan - Can Tho expressway will contribute to solving the transportation needs when National Highway 1 is overloaded; promote the socio-economic development of the Southwest region, ensure national defense and security of the Mekong Delta provinces in particular and the whole country in general; minimize traffic accidents on National Highway 1; gradually complete the expressway network according to the plan.

Source: https://baotainguyenmoitruong.vn/dieu-chinh-chu-truong-dau-tu-xay-dung-duong-cao-toc-my-thuan-can-tho-381379.html