Vingroup-Techcombank Consortium to Develop the First Component of the Gia Nghĩa-Chơn Thành Expressway Project
Illustration photo
According to Official Dispatch No. 4962/UBND-TH, the People’s Committee of Bình Phước Province has assigned the Vingroup-Techcombank Consortium to prepare and finalize the necessary documents for the approval of Component Project 1: Investment in the construction of the Gia Nghĩa-Chơn Thành Expressway in the form of a Public-Private Partnership (PPP). The required documents include the feasibility study report, environmental impact assessment report, and stake-driving report.
The People’s Committee has instructed that the feasibility study report must comply with legal regulations and the investment plan approved by the National Assembly in Resolution No. 138/2024/QH15 dated June 28, 2024, and Resolution No. 147/NQ-CP dated September 20, 2024, of the Government.
The investor is responsible for completing and submitting the feasibility study report and environmental impact assessment report to the People’s Committee of Bình Phước Province by February 28, 2025.
The costs incurred in preparing these documents and related expenses will be determined based on current regulations, and the preliminary total investment for the project will be as per Resolution No. 18/2024/NQ15. The official costs for settlement will be audited and approved by the competent authority as per regulations.
The Bình Phước Provincial Project Management Board has been assigned as the focal point for coordinating with departments, branches, units, and localities to exchange information with the Vingroup-Techcombank Consortium during the process of organizing the preparation, appraisal, and approval of the feasibility report for Component Project 1.
Previously, on June 28, the National Assembly of the XVth term issued Resolution No. 138/2024/QH15 deciding on the investment policy for the project to invest in the construction of the Gia Nghĩa-Chơn Thành Expressway.
The Gia Nghĩa-Chơn Thành Expressway will be approximately 128.8 km long, with an estimated total investment of VND 25,540 billion. The funding sources include VND 10,536.5 billion from the central budget, VND 2,335.5 billion from local budgets, and VND 12,770 billion from investors.
The project is divided into five component projects. Component Project 1 (highway construction) will be implemented under the PPP model, with the Bình Phước Provincial People’s Committee as the competent authority. Component Projects 2 and 3 (construction of roads and overpasses in Đắk Nông and Bình Phước) will be carried out as public investment projects, with Đắk Nông and Bình Phước as the managing agencies.
Component Projects 4 and 5 (compensation, support, and resettlement in Đắk Nông and Bình Phước) will be implemented as public investment projects, with Đắk Nông and Bình Phước as the managing agencies.
The project is expected to commence in 2024, with completion targeted for 2026, and operation to begin in 2027.
Unlocking the Power of PPPs: Navigating Interests and Risk for Mutual Success
It is believed by several National Assembly delegates that to unblock the “bottleneck” in infrastructure projects, especially in the transportation sector, it is necessary to devise harmonious solutions that balance the interests and risks of all involved parties in public–private partnership (PPP) investment projects.
Great News for Ho Chi Minh City and Tay Ninh Residents
The Ho Chi Minh City – Moc Bai Expressway is an exciting infrastructure project, developed through a BOT contract, with construction taking place between 2024 and 2027.
The New Quang Tri Airport: A $250 Million Infrastructure Marvel
The Quang Tri Airport Port project, with a total investment of over VND 5,800 billion by the T&T – CIENCO4 investor consortium, was officially inaugurated on July 6.
Commencing Construction on the $250 Million Quang Tri Airport, Backed by T&T Group’s Investment
The Quang Tri Airport Port project, with a total investment of over VND 5,800 billion by the T&T – CIENCO4 investor consortium, was officially inaugurated on July 6.
The Future of Hanoi’s Transport: 11 Projects to Watch
The Hanoi Department of Transport is taking decisive steps to enhance the city’s connectivity and alleviate traffic congestion. They have recently proposed to the Hanoi authorities a plan to invest in 11 critical transportation projects, presenting a progress report on the preparation of their pre-feasibility studies.
