Dong Nai approves DonaCoop - VinaCapital to establish Suoi Tien

Dong Nai Provincial People's Committee has just issued a document approving the consortium of DonaCoop Infrastructure Investment Joint Stock Company - VinaCapital Group to propose investing in the Suoi Tien - Long Thanh metro project under the PPP form.

Research scale The 38.5 km long project is divided into 3 sections.

Section 1: from station S0 connecting with Ben Thanh - Suoi Tien metro line of Ho Chi Minh City to the new administrative center of Dong Nai province (at Bien Hoa 1 Industrial Park), about 6.5 km long.

Section 2: from the new administrative center of Dong Nai province to Long Thanh Airport, about 27 km long.

Section 3: from the new administrative center of Dong Nai province to the central axis of Bien Hoa city (old), 5 km long.

The Suoi Tien - Long Thanh metro line is proposed to be built to connect with Ho Chi Minh City's line 1 at Suoi Tien. Photo: TL

The maximum time for submitting the investment proposal report is 9 months from the date the competent authority approves the investor's project proposal. Dong Nai Provincial People's Committee assigned the Department of Finance to be the focal point for receiving the investor's dossier.

Previously, DonaCoop Infrastructure Investment Joint Stock Company - VinaCapital Group sent a document to the People's Committee of Dong Nai province proposing to allow investors to prepare an Investment Proposal Report for the metro project connecting Suoi Tien (HCMC) to Long Thanh Airport.

Through preliminary research, investors estimate the total expected investment capital to be about 65,000 billion VND (not including compensation costs for site clearance), using 100% private capital for investment.

As for the site clearance part, the investor proposed to separate it into an independent component project to be implemented by the State.

The investor proposed to invest in the Project in the form of PPP in the form of BT (build - transfer) contract, paying by land fund to develop a smart urban model TOD (Transit - Oriented Development) along the route.

The enterprise plans to implement construction and complete the Project within 4-6 years from the date of receiving the site handover.

Source: https://baodautu.vn/dong-nai-chap-thuan-cho-donacoop---vinacapital-lap-du-an-dau-tu-metro-suoi-tien---long-thanh-d372686.html