Minister of Construction Tran Hong Minh presents a report on the investment policy for the Quy Nhon-Pleiku Expressway project
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Presenting the Government’s report on the investment policy for the Quy Nhon-Pleiku Expressway project, Minister of Construction Tran Hong Minh emphasized the necessity and objectives of investing in the expressway.
The project aims to form an East-West axis connecting the Central Highlands with the South Central Coast, linking the North-South Expressway in the east and west, the Ho Chi Minh Road, the Truong Son East Road, National Highway 1, and the coastal road. It will enhance the efficiency of existing and ongoing projects, meeting transport demands.
Additionally, it will create room and momentum for regional development with a synchronous and modern system of technical and social infrastructure, connecting economic and seaport centers. It will also improve competitiveness, foster linkages, and promote regional cooperation and development.
The project starts at National Highway 19B in An Nhon Town, Binh Dinh Province, and ends at Ho Chi Minh Road in Pleiku City, Gia Lai Province. With a total length of approximately 125 km, it traverses about 40 km in Binh Dinh and about 85 km in Gia Lai.
The project passes through An Nhon Town and Tay Son District in Binh Dinh Province, and An Khe Town, Dak Po District, Mang Yang District, Dak Doa District, and Pleiku City in Gia Lai Province.
The preliminary total investment for the project is VND 43,734 billion. The proposed source of capital is the state budget, including increased revenue and savings from the state budget in 2024, as well as central and local budgets during the 2021-2025 and 2026-2030 periods.
The project preparation and implementation are scheduled for 2025, with completion expected in 2029. Some specific mechanisms, policies, and solutions will be applied to the project.
To expedite the completion of the Quy Nhon-Pleiku Expressway and boost socio-economic development while ensuring national defense and security, the Government proposes that the National Assembly decide on the investment policy for this project.
Chairman of the Committee for Economic and Financial Affairs Phan Van Mai presents the verification report
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Presenting the verification report, Mr. Phan Van Mai, Chairman of the Committee for Economic and Financial Affairs of the National Assembly, stated that the project meets the criteria for a key national project under the National Assembly’s competence to decide on investment policies according to Article 8 of the Law on Public Investment.
Regarding the division of the project into sub-projects, the Government proposes dividing it into two sub-projects based on the administrative boundaries of Binh Dinh and Gia Lai provinces.
However, considering the upcoming merger of Binh Dinh and Gia Lai provinces, resulting in the project being located entirely within the territory of the new province, it is recommended to study an alternative division of sub-projects that aligns with the merger plan, the local management capacity, and the project’s technical requirements to ensure its synchronicity, unity, and effectiveness.
Concerning capital sources and balance, the Committee for Economic and Financial Affairs requested that the Government provide supplementary reports on the verification of capital sources and balance based on the current Law on Public Investment.
On the application of specific mechanisms and policies, especially for project implementation, it is necessary to allow for certain specific mechanisms and policies to ensure the project’s progress and effectiveness. The Government proposed nine groups of specific mechanisms and policies, most of which have been approved by the National Assembly for other key national projects, providing a reasonable basis for the proposal.
However, some policies differ from those applied to previous projects (for example, Policy 7 regarding the exploitation of common construction minerals for the project. The Government proposes applying the mechanism for mineral mines to sub-projects for land clearance, while previous projects only allowed this for the main construction items of the project). Therefore, it is suggested to clarify the adjustments to these policies and thoroughly review the applied mechanisms and policies to ensure their feasibility and alignment with the project’s nature and objectives.
Consider adjusting the investment policy for the Bien Hoa-Vung Tau Expressway project
The Bien Hoa-Vung Tau Expressway project was approved by the National Assembly in Resolution No. 59/2022/QH15 dated June 16, 2022. It includes approximately 53.7 km of expressway with a designed speed of 100 km/h, a scale of 4-6 lanes, and an initial total investment of VND 17,837 billion, divided into three sub-projects.
The investment capital sources comprise: the state budget for the 2021-2025 period of VND 14,270 billion, including VND 11,000 billion from the central budget and VND 3,270 billion from the local budget (VND 2,600 billion from Dong Nai province and VND 670 billion from Ba Ria-Vung Tau province); and the central budget for the 2026-2030 period of VND 3,567 billion.
The project is expected to be substantially completed by 2025 and fully operational by 2026.
Presenting the report on adjusting the investment policy for the first phase of the Bien Hoa-Vung Tau Expressway project, Minister of Construction Tran Hong Minh stated that during the implementation process, some factors have led to an increase in the total investment of the sub-projects approved by the Ministry of Construction and the People’s Committees of Dong Nai and Ba Ria-Vung Tau provinces, resulting in a higher preliminary total investment than initially approved by the National Assembly.
The Bien Hoa-Vung Tau Expressway project faced challenges due to fluctuations in compensation rates in Dong Nai and Ba Ria-Vung Tau at the time of land revocation. The project also had to incorporate an additional interchange with the My Xuan-Ngai Giao Road.
Moreover, construction costs increased due to fluctuations in material prices, labor, and construction equipment rates in 2023 compared to the time of investment policy formulation; and the additional investment in the vehicle weight control station according to the QCVN 66:2024/BGTVT standard…
The Government proposes that the National Assembly approve an increase in the total investment from VND 17,837 billion to VND 21,551 billion (an increase of VND 3,714 billion). The adjusted capital sources are as follows: the state budget for the 2021-2025 period is VND 17,124 billion (an increase of VND 2,854 billion), including VND 12,144 billion from the central budget and VND 4,980 billion from the local budget (VND 2,969 billion from Dong Nai province and VND 2,011 billion from Ba Ria-Vung Tau province); and the central budget for the 2026-2030 period is VND 4,427 billion (an increase of VND 860 billion).
Presenting the verification report, Mr. Phan Van Mai, Chairman of the Committee for Economic and Financial Affairs of the National Assembly, stated that the Committee basically agreed with the necessity of adjusting the investment policy for the project for the reasons presented by the Government.
However, the verifying agency requested further clarification on the objective and subjective causes, as well as the responsibility of relevant agencies, organizations, and individuals, in the inadequate preparation for project investment, resulting in increased compensation, support, resettlement costs, and construction investment compared to the preliminary total investment approved for the Bien Hoa-Vung Tau Expressway project. The competent authorities should also clarify the capital sources and balance for the project…
– 14:40 19/05/2025
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