Those were two of the investment news stories of the past week.

Long Son Petrochemical Complex with capital of 5.4 billion USD will be commercially operated in October 2024

In the recent announcement of business results for the second quarter and first half of 2024, Siam Cement Group (SCG, Thailand) said that in August and September 2024, it will conduct a trial operation of the entire Long Son Petrochemical Complex so that it can operate commercially in October 2024.

Long Son Petrochemical Complex has been operating at 100% capacity since November 2023, but has been temporarily suspended due to an incident.

The level of activity of the Complex will be based on global market demand.

Previously, LSP said that the entire Long Son Petrochemical Complex had been running a trial run at 100% capacity since November 2023 and was expected to be commercially operational in the second quarter of 2024.

However, on March 22, 2024, SCG said that the Long Son Petrochemical Complex encountered an unexpected technical problem during the test run. The complex has stopped operating from March to June 2024 to conduct maintenance, modifications, and enhance operational and operational standards.

Long Son Petrochemical Complex was granted an investment certificate in July 2008, with an initial total investment capital of 3.77 billion USD, then increased to 4.5 billion USD and increased to 5.4 billion USD in the final phase.

The complex is invested by Long Son Petrochemical Company Limited (LSP) - a subsidiary 100% owned by SCG Chemical (SCGC).

This is the first and largest fully integrated petrochemical complex in Vietnam with a land area of ​​464 hectares and a water surface area of ​​194 hectares (for the seaport system). This is also the only project with an investment capital of over 1 billion USD from Thailand in Vietnam.

When operating stably at full capacity, the complex will produce 1.35 million tons of olefin products per year, which are raw materials for polyolefin (plastic resin) factories. And the polyolefin plant will produce essential plastic resins with a capacity of 1.4 million tons/year.

According to SCG's announcement, the Group's profit in the second quarter of 2024 was 3,708 million Baht (more than 2,600 billion VND), down 54% over the same period. However, if excluding extraordinary income, the profit only decreased by 29%.

Accumulated in the first 6 months of the year, SCG's profit was 6,133 million Baht (more than 4,300 billion VND), down 75% year-on-year and down 37% year-on-year if excluding extraordinary income.

The report also mentioned that the loss up to the end of the first half of 2024 at Long Son Petrochemical Complex is 4,814 million Baht (including depreciation and interest expenses), equivalent to about 3,390 billion VND.

The fact that Long Son Petrochemical Complex is not yet operational has made SCG's chemical segment the only loss-making business segment of the Group.

LSP currently has outstanding loans with three leading financial institutions in the amount of approximately $1.3 billion and outstanding shareholder loans in the amount of approximately $1.3 billion.

The Long Son Petrochemical Complex project also has depreciation and interest costs in 2024 ranging from 180 - 220 million USD.

Proposing the Prime Minister to approve the Ca Mau airport upgrade project worth 2,400 billion VND

The Ministry of Planning and Investment has just issued Official Letter No. 5840/BC – BKHĐT to the Prime Minister reporting the results of the appraisal of the investment policy for the project to expand and upgrade Ca Mau Airport, Ca Mau Province. This is a project proposed by ACV.

Existing Ca Mau airport. Photo: ACV

Based on the appraisal opinions of relevant ministries and localities; the dossier requesting approval of the investment policy of the Project proposed by the investor; and the explanation and additional opinions of ACV, the Ministry of Planning and Investment affirms that the Project has met the conditions to report to the Prime Minister for consideration and approval of the investment policy according to the provisions of the law on investment.

Accordingly, the Ministry of Planning and Investment proposed that the Prime Minister consider and approve the investment policy of the Ca Mau Airport expansion and upgrade project with the goal of expanding and upgrading Ca Mau Airport to ensure the exploitation of A320, A321 and equivalent aircraft; creating momentum for economic, cultural and social development, while ensuring national security and defense of Ca Mau province and the region.

The project includes the construction of a new runway measuring 2,400m×45m, ensuring the operation of A320, A321 and equivalent aircraft; construction of a taxiway connecting the runway to the aircraft parking lot measuring 128mx15m, with 5m material margins on each side and 5 waiting taxiways; construction of an aircraft parking lot in the southern area measuring 182m×112.5m, with 5m wide material margins, meeting the operation of 3 parking positions for A320, A321 and equivalent.

Another important item of the Project is the renovation and expansion of the existing passenger terminal to a capacity of 500,000 passengers/year (ensuring the operation of 1 million passengers/year when needed). The construction area of ​​the passenger terminal is about 2,668m2, the total construction floor area is about 4,200m2, 2 floors, the height of the building is about 9.5m.

In addition, the Project also constructs a number of other synchronous auxiliary works such as traffic roads connecting the new aircraft parking lot to the passenger terminal, the school's outhouse, the fire emergency station, the security fence system, the synchronous belt road, etc.

With the above investment scale, the total investment capital to implement the Project is about 2,400 billion VND, using 100% of ACV's equity.

The project implementation progress is 18 months from the date of investment policy approval; the project's operating period is 50 years; investment incentives and support are implemented in accordance with current laws.

The Ministry of Planning and Investment recommends that the People's Committee of Ca Mau province allocate land according to the planning, land use plan and airport planning approved by competent state agencies to the Airport Authority so that the Airport Authority can allocate land/lease land to implement the Project according to the provisions of Article 156 of the 2013 Land Law.

At the same time, inspect and supervise the implementation of the Project by ACV in accordance with the provisions of law, the Prime Minister's instructions and the opinions of relevant ministries and branches, including: inspecting and supervising the capital mobilization of ACV according to the progress of the Project implementation.

The Ministry of Transport is responsible for coordinating and guiding ACV in reviewing and completing the Project dossier in the step of preparing the Project Feasibility Study Report, ensuring safe flight methods, maximizing the role and efficiency of the Project investment; directing and guiding ACV on the handling plan for existing airport infrastructure assets invested and managed by the State at Ca Mau Airport, ensuring compliance with the provisions of the Law on Management and Use of Public Assets.

ACV is assigned full responsibility for the information, reported data, proposed content in the Project dossier and related supplementary reports; the financial investment efficiency of the Project; the efficiency of using, preserving and developing state capital according to the provisions of law.

Investors are also required to accept and implement the appraisal opinions of the Ministry of Planning and Investment in the Project Investment Policy Appraisal Report and the appraisal opinions of relevant Ministries and localities; organize the preparation, appraisal and approval of the Project Feasibility Study Report in accordance with current regulations.

Proposal for construction of Quy Nhon - Pleiku expressway worth 37,621 billion VND

Gia Lai Department of Transport has just sent a document to the Ministry of Transport regarding the review and update of the proposed investment plan for the construction of the Quy Nhon - Pleiku expressway.

Accordingly, Gia Lai Department of Transport proposed that the Ministry of Transport consider reporting to the Prime Minister for approval to allow investment in the Quy Nhon - Pleiku expressway in the form of public investment.

Illustration

This project will start at the intersection with National Highway 19B (about Km39+200) in Nhon My commune, An Nhon town, Binh Dinh province; end at the intersection with Ho Chi Minh road (National Highway 14), in Pleiku city, Gia Lai province with a total route length of 122.9 km.

Gia Lai Department of Transport proposed to invest in the Project according to the planning scale of 4 lanes, with a total estimated investment of about 37,621 billion VND. It is expected that the project will be prepared for investment from 2024-2025; basic construction will be completed before 2030.

Regarding implementation, Gia Lai Department of Transport proposed that the Ministry of Transport be the competent authority to implement the project; the People's Committee of each province shall carry out site clearance work according to administrative boundaries.

In a document sent to the Ministry of Transport, the Gia Lai Department of Transport said that it had coordinated with the Binh Dinh Department of Transport and the Binh Dinh Provincial Transport Project Management Board to review the contents consulted by the functional units of the Ministry of Transport.

After reviewing and researching, the route through Binh Dinh province has some adjustments in terms of starting point and route direction to suit the planning of communes and wards, ensuring space for urban development, inner and outer areas of An Nhon town.

Specifically, the length of the route through Binh Dinh province is about 37.3 km (a reduction of about 20.2 km), passing through An Nhon town (Nhon My commune) and Tay Son district (Tay An, Tay Binh, Binh Hoa, Binh Thanh, Binh Tuong and Tay Giang communes).

Regarding the adjusted interchange, on the route through Binh Dinh province, it is planned to arrange 3 interchanges, including the interchange with National Highway 19B (approximately Km39+200) (Nhon My commune, An Nhon town); the interchange with the North-South expressway in the East (Tay An commune, Tay Son district) and the interchange with National Highway 19 (Binh Tuong commune, Tay Son district).

Gia Lai Department of Transport plans to divide the Project into 3 sections. Section 1 starts from the starting point (Km0+000) to An Khe tunnel (Km39+300) with a length of 39.3 km, located entirely in Binh Dinh province. Section 2 starts from An Khe tunnel (Km39+300) to the end of Mang Yang tunnel (Km79+700) with a length of about 40 km, located entirely in Gia Lai province. Section 3 starts from Km 9+00 to the end of the route (Km122+900) with a length of about 43.2 km, located entirely in Gia Lai province.

The results of research and preliminary calculations of the Project's financial plan show that, with the scenario of the maximum state support capital level of 50% of the total investment according to the provisions of the PPP Law, the Project does not ensure financial efficiency according to regulations.

In order for the Project to be financially efficient and have a payback period of less than 20 years, if divided into component projects, the State capital needed to support the Project should account for 75% to 85%.

However, this level of support capital is very large, not effective when investing under the PPP method and the policy of state capital plays the role of "seed capital" to attract socialized capital sources to participate in infrastructure investment; at the same time, it is necessary to develop a special mechanism different from the provisions of the PPP Law.

Besides, the implementation of investment projects under the PPP method in the current context cannot be confirmed to be successful because it still depends on the market, especially the ability to mobilize loans from credit institutions.

Referring to the Khanh Hoa - Buon Ma Thuot Expressway Project Phase 1, which is currently being implemented in the form of public investment, during the initial implementation process, the Ministry of Transport also studied investment in the form of public-private partnership (PPP), but for the Project to be financially efficient and have a payback period of 22 years, 18 years and 15 years, the level of state capital needed to support the Project accounts for 82% to 87% of the total investment.

In addition, survey data shows that the traffic volume of the Quy Nhon – Pleiku Expressway Project is only about 60 – 75% compared to the traffic volume surveyed at the Khanh Hoa – Buon Ma Thuot Expressway Project, so investment in the form of PPP is ineffective and difficult to be feasible.

Construction of Ring Road 4 - Capital Region reaches 9.9% of volume, capital 12,600 billion VND

That is the information provided by the Hanoi Statistics Office in a report on the implementation of a number of key traffic projects in the capital on July 29.

According to the Hanoi Statistics Office, the Ring Road 4 - Capital Region project is being actively implemented by localities, handing over land for construction of the entire project. Up to this point, the total investment capital for the project is about 12,600 billion VND, the construction progress has reached 9.9% of the volume.

The Ring Road 1 project, Hoang Cau - Voi Phuc section (phase 1) is 2.3 km long, with a cross-section of 50 m. The starting point of the route intersects with Cat Linh - La Thanh - Yen Lang road at Hoang Cau (Dong Da district) and the end point is at Voi Phuc intersection (Ba Dinh district). The investment level of phase 1 of the project is more than 7,200 billion VND from the city budget, of which the construction cost is 627 billion VND, the site clearance cost is 5,800 billion VND. To date, the project has disbursed 34.1% of the capital plan.

The project to renovate and upgrade National Highway 6 from Ba La intersection (Ha Dong district) to Xuan Mai town (Chuong My district) is 21.7 km long. This section will be upgraded to 4-6 lanes, designed speed of 80 km/h, roadbed width will be expanded to 50-60 m, contributing to completing the radial road connecting National Highway 21A, Ho Chi Minh road and Ring Road 4 - Capital Region. The total investment capital of the project is 8,100 billion VND from the city budget. To date, the project has disbursed 7.7% of the capital plan.

Meanwhile, the Thang Long Highway, the section connecting National Highway 21 to the Hanoi - Hoa Binh Expressway, is 6.7 km long, with a cross-section of 120 - 180 m. The total investment for the entire project is VND5,200 billion. To date, the project has disbursed 7.7% of the capital plan.

Kien Giang was transferred 48.84 hectares of rice land to implement the project of investing in building a water supply system.

In Official Dispatch No. 555/TTg-NN, Deputy Prime Minister Tran Hong Ha approved the People's Committee of Kien Giang province to decide to change the purpose of use of 48.84 hectares of rice-growing land to non-agricultural land to implement the Investment Project to build an inter-district raw water supply system of An Bien, An Minh, U Minh Thuong, Vinh Thuan, phase 1.

Changing land use purpose to build inter-district water supply system in U Minh Thuong region. (Illustration photo)

The Deputy Prime Minister requested the People's Committee of Kien Giang province to be responsible for the content and data of the report, organize inspection and review of the current status of land use to ensure consistency in records and field, ensure the rice land quota allocated by the Prime Minister; take full responsibility before the law and the Prime Minister for the decision to change the purpose of rice land use to ensure compliance with the provisions of the law on land, the law on investment and other relevant laws;

Kien Giang province must ensure economical and effective land use, avoiding loss and waste; be responsible for inspecting and supervising the separation and use of topsoil in accordance with the provisions of law; regularly inspect and resolve difficulties and problems in the process of organizing the implementation of land use conversion for rice cultivation in accordance with the provisions of law.

Investment project to build an inter-district raw water supply system of An Bien, An Minh, U Minh Thuong, Vinh Thuan with a total investment of more than 881 billion VND, implemented in the period 2022 - 2025.

The scale of the investment project to build an inter-district raw water supply system, a water transmission pipeline with a capacity of 30,000 m³/day and night, including a collection facility, a storage tank, a raw water pumping station, ground leveling, a gate and fence; an operation management house; a generator house; and a 22KV medium voltage power line.

The total length of the water transmission pipeline system is about 97km, including: the main water transmission pipeline is 22km long, with a maximum capacity of 45,000 m³/day and night; the additional auxiliary pipeline connecting to 9 existing water supply stations is about 75km long.

Raw water reservoir of 900,000 m³, lake area of ​​30ha. Construction of 2 pumping stations, including booster pump station 1 with capacity of 1,000 m³/h, booster pump station 2 with capacity of 500 m³/h; tank, fence gate, management house, generator house, 22KV medium voltage power line...

The implementation of the investment project to build an inter-district raw water supply system of An Bien, An Minh, U Minh Thuong and Vinh Thuan in the U Minh Thuong region aims to supply water to existing stations, gradually replace underground water sources and supplement a part of clean water for residential areas and industrial clusters of the districts.

At the same time, provide a water source that is guaranteed in quality, not polluted, not contaminated with alum, not contaminated with salt and hygienic, increase the rate of households using clean water according to the national target program on new rural construction.

When the project is completed and put into operation, it will provide people and water users in the Upper U Minh area with a source of water for daily life and production, ensuring quantity and quality, overcoming the shortage of water for daily life in the dry season, contributing to improving the lives and health of the people. Thereby, the project contributes to promoting the socio-economic development of the locality, minimizing social costs due to diseases related to water sources.

Can Tho determined to achieve public investment disbursement rate of over 95% in 2024

At the press conference, providing information on the socio-economic situation in the first 6 months of 2024, Permanent Vice Chairman of Can Tho City People's Committee Duong Tan Hien said that the city's economic growth rate is on an upward trend, in the first quarter of 2024, GRDP increased by 3.13%, in the second quarter it was 6.74% and the estimated GRDP in the first 6 months of the year increased by 5.73% over the same period.

Some economic sectors and fields increased significantly compared to the same period: Total retail sales of goods and service revenue increased by an estimated 11.26%; industrial production index increased by 6.08%; export turnover of goods and service revenue was estimated at over 1.15 billion USD, up 7.12%; visitors and tourists increased by 11%; State budget revenue according to the agreed target reached over 5,900 billion VND, up 15.61%; banking activities continued to grow with total outstanding loans reaching 162 trillion VND, up 3.55% compared to the beginning of the year.

However, besides the positive aspects, the economic growth rate of Can Tho City has not met the planned requirements; the progress of completing the plan of some sectors and fields is still low (attracting non-budgetary investment, disbursement rate of investment capital, etc.); production and business activities of enterprises still face many difficulties, orders decrease, prices of materials and input materials tend to increase, etc.

The Vice Chairman of the People's Committee of Can Tho City emphasized: “In 2024, the city aims to achieve economic growth of 7.5 - 8%. Identifying many difficulties and challenges, in the third quarter of 2024, the city will focus on implementing drastic solutions to boost economic growth, focusing on the three growth drivers of "investment, consumption and export". Directing to accelerate the progress of works and public investment projects, determined to achieve a disbursement rate of public investment capital in 2024 of over 95%; continuing to promote administrative reform, focusing on improving the investment environment, enhancing competitiveness, promoting investment attraction from economic sectors, along with increasing support, removing difficulties, and making recommendations for businesses...".

In addition, according to Mr. Duong Tan Hien, the city is interested in supporting and coordinating the implementation of non-budget capital projects such as: O Mon Thermal Power Plant II, III and IV; expressway projects through the city; VSIP Can Tho Industrial Park project, Aeon Mall project, Microprocessor Research Center and Electronic Microchip Factory...; focusing on effectively implementing the tasks in Decision No. 589/QD-TTg of the Prime Minister promulgating the Plan to implement the Can Tho City Planning for the period 2021 - 2030, with a vision to 2050...

Nghe An approves the project of Cua Lo deep-water port with capital of 7,325 billion VND

At the regular meeting held in July 2024, the Standing Committee of Nghe An Provincial Party Committee agreed on the policy of adjusting the Cua Lo Deep-water Port Construction and Operation Project.

Cua Lo deep-water port project was adjusted to 3 berths with a total investment of nearly 7,325 billion VND.

Accordingly, the province will adjust the scale of the project as follows: build 03 berths (including 2 berths for ships up to 50,000 DWT and 1 berth for ships up to 100,000 DWT), with a total berth length of 800m, along with a port rear area of ​​32 hectares and ancillary works such as: 1,550m long breakwater, connecting bridge from the bridge to the berth, shipping channel, ship turning and docking area.

The land area used for the port rear area is about 32 hectares of land. The water surface area is about 208.15 hectares for the construction of offshore port works including: Dock, breakwater, bridge connecting the bridge to the dock; turning area, ship anchorage and shipping channel.

The total investment capital for the project is about 7,325 billion VND. The investment is divided into 2 phases: Investment capital for phase 1 (2024-2028) is 5,250.804 billion VND; Investment capital for phase 2 (2029-2030) is 2,074.152 billion VND.

Project implementation progress from Q2/2024 to Q4/2024, completing procedures according to legal regulations. Phase 1, starting from wharf No. 06 and wharf No. 07 (50,000 DWT), building 1,200m of breakwater, connecting bridge No. 01, shipping channel and maritime support, road, architectural works and accompanying infrastructure; implementation period from 2024 -2028.

Phase 2, investing in wharf No. 05 (100,000 DWT), building 350m of breakwater, connecting bridge No. 02, beach road, architectural works and accompanying technical infrastructure; implementation period from 2029 - 2030.

Emphasizing that this is a key project of the province, Nghe An Provincial Party Secretary Thai Thanh Quy requested departments and branches to focus on implementing the project.

It is known that Cua Lo Deep Water Port is an important transport system connecting the national transport network passing through Nghe An province such as: Vinh International Airport, Hanoi - Ho Chi Minh City railway, National Highway 1A, coastal road, National Highway 7C..., is the logistics hub of the region and the shortest gateway to the sea on the East - West economic corridor, serving the transportation and reception of goods for Laos and the Northeast region of Thailand.

However, Cua Lo Deep Water Port infrastructure cannot receive ships with a tonnage of over 50,000 DWT... Most goods from Nghe An must go through Nghi Son, Vung Ang, and Hai Phong ports.

Therefore, this Project is implemented with the expectation of ensuring the synchronization of the traffic infrastructure system connecting Cua Lo deep-water ports with the foreign traffic network via National Highway 7C (Road D4), serving large-scale sea freight traffic, ensuring the synchronization of infrastructure to implement the Cua Lo Deep-water Port Investment, Construction and Business Project, creating an attractive and effective investment attraction environment.

Implementing investment in construction of Gia Nghia - Chon Thanh expressway, total investment of 25,540 billion VND

The Government Office has Document No. 5390/VPCP-CN conveying the opinion of Deputy Prime Minister Tran Hong Ha on the implementation of the National Assembly's Resolution on the investment policy for the North-South Expressway construction project in the West, Gia Nghia - Chon Thanh section.

Specifically, Deputy Prime Minister Tran Hong Ha assigned the Ministry of Transport to preside over and coordinate with the People's Committee of Binh Phuoc province and relevant ministries and branches to draft a Resolution of the Government to implement Resolution No. 138/2024/QH15 dated June 28, 2024 of the National Assembly on the investment policy of the North-South Expressway Construction Investment Project, Western section Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc), to submit to the Government before August 5, 2024.

Construction of the North-South Expressway in the West, Gia Nghia - Chon Thanh section, creates new development momentum for the Central Highlands and the Southeast region. (Illustration photo)

According to Resolution No. 138/2024/QH15, the North-South Expressway Construction Investment Project, Western section, Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc) has an investment scope of about 128.8 km, divided into 05 component projects. The preliminary total investment of the Project is 25,540 billion VND, including: Central budget capital is 10,536.5 billion VND; local budget capital is 2,233.5 billion VND; capital arranged by investors is 12,770 billion VND.

The project will be implemented from 2024, basically completed in 2026, and put into operation in 2027.

Project objectives to build key highways connecting the Central Highlands region with the Southeast region, connecting Binh Phuoc, Dak Nong provinces and other localities in the area with Ho Chi Minh City, creating new space and motivation for the Central Highlands and the Southeast region; ensure national defense and security in the Central Highlands, the Southeast and the country under the Resolution of the 13th National Congress of the Party, the Resolution of the Politburo.

Nhon Metro - Hanoi Station is granted System Safety Certificate

Hanoi Urban Railway Project Management Board (MRB) said that on July 31, this unit worked with the State Inspection Council on the acceptance of construction works to consider and approve the acceptance results of completion of the project.

MRB will continue to make efforts to ensure that all the final stages will be completed safely and effectively, in accordance with regulations.

Previously, on July 30, the elevated section of the Hanoi Pilot Urban Railway Project, Nhon - Hanoi Station section (Nhon - Hanoi Station metro) was officially granted a system safety certificate, a certificate confirming that the urban railway line was designed and constructed in accordance with safety management standards and meets operational safety conditions.

The Vietnam Railway Department-Ministry of Transport has issued a certificate of safety evaluation of urban railway system No. 356/2024/GCN-CDSVN dated July 30, 2024.

System safety certification is a mandatory requirement and a prerequisite for putting an urban railway project into commercial operation.

On July 29, the Ministry of Natural Resources and Environment also granted Environmental License No. 276/GPMT-BTNMT to MRB (Investor) and Hanoi Railway One Member Co., Ltd. (Operator) to carry out environmental protection activities of the elevated section of the Project "Hanoi City Pilot Urban Railway Line, Nhon - Hanoi Station section" in the districts: Nam Tu Liem, Bac Tu Liem, Cau Giay, Dong Da and Ba Dinh, Hanoi City.

The project has criteria such as group A project (classified according to the criteria of the law on public investment) and has environmental criteria such as group I projects in accordance with the Law on Environmental Protection.

The achievement of environmental license and system safety certification is an important milestone, marking the completion of technical requirements and the highest safety standards in the process of construction and operation of the city's pilot urban railway.

This is considered a big step towards officially bringing the elevated section of the Nhon - Hanoi station to exploit commercial.

The Hanoi Urban Railway Project Management Board said it will soon announce the official commercial operation date of the elevated section of the Nhon – Hanoi Station metro project.

In the fourth quarter of 2024, Can Tho will start the project to expand 5 intersections, with a capital of nearly 1,200 billion VND.

According to the Department of Transport of Can Tho, up to now, the project management and development of the land fund in Ninh Kieu district has approved the results of the selection of design contractors to make design - estimate of the renovation project, expand 5 key intersections in Ninh Kieu district, Ho Chi Minh City.

This is one of the key projects of Can Tho City

The intersection between Mau Than Street and 3/2 Street, Ninh Kieu District is often congested during rush hour.

Investment project to renovate and expand 5 key intersections in the city.

The project investment objective is to expand and build intersections within the project to meet current and future traffic flow requirements, reduce traffic congestion; build modern intersections, contribute to improving urban aesthetics; gradually complete the city's traffic network and technical infrastructure according to the approved plan, contributing to the socio-economic development of Ninh Kieu district in particular and Can Tho city in general.

The project is divided into 2 phases. Phase 1 includes widening the intersection at the same level, controlled by traffic lights, and arranging independent right turns. Investment items include renovating and expanding 5 intersections, sidewalks, trees, public lighting systems, rainwater drainage systems, fire protection water supply systems, and traffic signals.

Phase 2, in the future, consider arranging overpass or tunnel works according to traffic needs.

Five intersections to be renovated and expanded include: Intersection No. 1 (Mau Than Street – 3 Thang 2 – Tran Hung Dao); Intersection No. 2 (Mau Than Street – Nguyen Van Cu Street – Vo Van Kiet); Intersection No. 3 (Nguyen Van Linh Street – Nguyen Van Cu Street); Intersection No. 4 (Nguyen Van Linh Street – 3 Thang 2) and Intersection No. 5 (Nguyen Van Linh Street – 30 Thang 4).

According to the approval decision, the project implementation period will not exceed 4 years. In 2023 - 2024, priority will be given to implementing 2 intersections with high traffic volume and frequent traffic congestion, including: Intersection No. 1 (intersection of Mau Than - 3 Thang 2 - Tran Hung Dao streets) and Intersection No. 4 (intersection of Nguyen Van Linh - 3 Thang 2 streets).

In 2025, implement the next contents in accordance with the regulations, when necessary, the project adjustment submission accordingly.

Da Nang with additional land nearly 10 hectares to serve Hoa Lien - Tuy Loan highway

At the 19th session, the X term, the City People's Council

The Hoa Lien - Tuy Loan Expressway project is under construction.

Specifically, Da Nang recovered 2,429 m2 of land (the entire area of ​​the project) in Hoa Son commune to serve the 220kV high -voltage movement project to serve the project of building Hoa Lien - Tuy Loan highway on the North -South highway in the East (expected capital plan in 2024 is 32.04 billion VND).

Next, the City reclaimed an area of ​​97,295 m2 of land in Hoa Nhon commune (total project land area is 109,286 m2) to serve the Resettlement Area Project No. 1 to serve the clearance of the Hoa Lien - Tuy Loan Expressway Construction Project (estimated annual capital plan is 217,748 billion VND). This is a project approved in Resolution No. 32/NQHDND, dated August 12, 2021, which has now been almost 3 years but has not been completed, so it is proposed to continue to be included in the list of projects requiring land recovery.

Regarding the Hoa Lien-Tuy Loan highway project, the City People's Committee. Da Nang said that the project has a total length of about 11.5 km, passing through 3 communes of Hoa Lien, Hoa Son and Hoa Nhon in Hoa Vang district;

The total investment is 2,112.985 billion VND from the state budget. Of which, the cost of compensation for site clearance including contingency is 951.190 billion VND (the cost of constructing the resettlement area is 105.177 billion VND and relocating the power line is 81 billion VND). The investor of the site clearance sub-project is the Management Board of Infrastructure Development Projects of Da Nang Industrial and High-Tech Parks (hereinafter referred to as the Management Board).

The site clearance schedule, as of June 28, 2024, tallyed 1,207/1,216 records and tallyed 2,758 graves; Legal review meeting 1,043/1,216 records and pressure of 952 records.

Da Nang has paid and handed over the site of 832 files, handed over 2,450 graves; the total value of price assessment and approved compensation is 119,389 billion VND, of which 51,906 billion VND has been paid.

By the end of June 2024, the Management Board is completing investment preparation procedures to submit for appraisal and approval of the Resettlement Area Project No. 1 to serve the clearance of the Hoa Lien - Tuy Loan Expressway Construction Project (belonging to the North - South Expressway, Eastern part, Da Nang City); is implementing related procedures to organize the relocation and handover of technical infrastructure of 220kV, 500kV high-voltage lines...

The People's Committee of Da Nang also informed that for the arrangement of resettlement, it will complete the appraisal and approve the design of the construction drawing of the No. 1 resettlement project and deploy the construction and installation of construction in the third quarter of 2024;

Thua Thien Hue invests in commercial centers and supermarkets of 506 billion dong

The People's Committee of Thua Thien Hue province has just approved the investment policy for the project of a trade center and supermarket for construction materials and high-end interiors at DV22-2 land plot in Area C - An Van Duong New Urban Area.

Accordingly, the project has the form of selecting investors through bidding organization to select investors as prescribed.

An Van Duong new urban area, Thua Thien Hue province.

The total investment of the project is 506 billion VND; of which, the preliminary total cost of project implementation is 500 billion VND; the preliminary cost of compensation, support and resettlement is 5.69 billion VND.

The project implementation location is at DV22-2 land plot, in Area C - An Van Duong New Urban Area and in Phu My commune, Phu Vang district, Thua Thien Hue province.

The project aims to form a commercial center - supermarket of high-end construction materials and interiors in Area C - An Van Duong New Urban Area; diversify the supply of high-end, smart and environmentally friendly construction materials and interiors, meeting the actual needs of the people; contribute to changing the appearance of Phu My - Thuan An road axis and the area in Phu My commune, Phu Vang district; create a driving force for socio-economic development of Thua Thien Hue province.

The project land area is expected to be about 23,935 m2;

Regarding the estimated construction architecture, the project has a construction density of less than 40%;

Regarding the project implementation progress, regarding the progress of capital contribution and capital mobilization, immediately after the competent State agency approves the results of selecting investors to implement the project, the investor must ensure capital sources to implement the project, in which the investor's own capital is at least VND 101.2 billion (accounting for at least 20% of the total investment capital); other legally mobilized capital is at most VND 404.8 billion (accounting for at most 80% of the total investment capital, contributing capital according to the project implementation progress).

The basic construction progress and putting the project into operation or exploitation shall not exceed 24 months from the date of issuance of the construction permit. In particular, the project is expected to start construction in the first quarter of 2025; complete and put the entire project into operation in the first quarter of 2027.

According to Vice Chairman of the People's Committee of Thua Thien Hue Province Phan Quy Phuong, the investor selected to implement the project must comply with the procedures related to the laws on investment, land, construction, environment and current regulations; have financial capacity to ensure land use according to the progress of the project. At the same time, the Provincial People's Committee also assigned the Department of Planning and Investment to act as the inviting party and organize the preparation and submission for approval of the project invitation dossier; and notify the invitation for project interest according to regulations. Based on the results of the evaluation of the registration dossier for the implementation of the business investment project, the Department of Planning and Investment shall submit to the Provincial People's Committee for consideration and approval of the invitation for interest and organize the selection of investors for this project.

Long An called for investment in the residential area project, more than 11,222 billion dong

The Department of Planning and Investment of Long An province is inviting interested investors to submit applications to implement the Residential Area Project in My Hanh Bac commune, Duc Hoa district, Long An province.

The project has a land area of ​​about 214,9217 ha.

The project is implemented in Duc Hoa district, Long An province.

The project provides product lines of real estate transferred and sells houses (construction, completion of the facade); selling and leasing social houses;

Preliminary housing product structure, for townhouses: The investor will build the rough construction, complete the facade of 1,485 units in the adjacent residential lots belonging to the frontage subdivisions of routes N22, N27, N30, D6, D7 and provincial route 823B with an expected total land area of ​​159,369 m2; construction height of 4 floors; total construction floor area of ​​about 599,085 m2. For the remaining 5,230 adjacent residential lots, the investor will transfer the land use rights to the people for construction, ensuring compliance with the detailed planning at a scale of 1/500 and the design has been appraised and approved.

For housing villas: investors built raw, completed the front of 46 units at the land lots in the villas belonging to the dung subdivision of D7 route with the expected size of the total land area of ​​8.101 m2; the construction height of 4 floors;

For social housing: Investors invest in social housing construction on 5 plots of land symbol CC-09, CC-10, CC-11, CC-12, CC-13 with the estimated scale of the total land area of ​​164,298 m2, 9 floors high;

Preliminary total project implementation cost is nearly 7,030 billion VND; compensation, support and resettlement costs are more than 4,192 billion VND.

Project implementation progress is expected to be 6 years (expected from the first quarter of 2025 to the fourth quarter of 2030) from the date of investor approval.

Proposed $320 million railway safety improvement project

Project 2 Management Board has just sent a document to the Ministry of Transport to propose the project to improve the traffic safety of the railway using the borrowed loan.

The project has the goal of improving the safety of trains, cutting off the annual maintenance and operation costs of the current crossroads after building a different intersection from the road;

Illustration photo.

Based on the initial research results, the Project Management Board 2 proposes the project to invest in other intersections for 21 intersection locations between 4 railways (including routes: Hanoi - Ho Chi Minh City; Hanoi - Hai Phong; Yen Vien - Lao Cai and Hanoi - Dong Dang) with national highways located in 13 provinces and cities in the country, stretching from North to South.

Specifically, for the Hanoi - Ho Chi Minh City railway line, it is expected to be deployed at 13 intersections (the type of intersection is a road crossing a railway), located in 8 provinces/cities including: Hanoi has 1 location, Thanh Hoa has 2 locations, Ha Tinh has 3 locations, Quang Binh has 2 locations, Phu Yen has 1 location, Khanh Hoa has 1 location, Binh Thuan has 1 location and Dong Nai has 2 locations,

For Hanoi - Dong Dang railway, it is expected to be deployed at two intersection locations (the type of intersection is the railway road), of which Bac Giang has 1 location and Lang Son has 1 location.

Yen Vien - Lao Cai railway is expected to deploy 5 intersection positions (the type of intersection is the railway road), of which Phu Tho has 3 positions and Lao Cai has 2 positions.

The Hanoi – Hai Phong railway has 1 intersection (the type of intersection is a road crossing over a railway), located in Hai Phong City. This location is on the branch line connecting to the Hanoi – Hai Phong railway from Vat Cach station to Vat Cach port.

Due to the characteristics of railways requiring small longitudinal slopes and some other special technical characteristics such as stations, railway signal information systems, train safety, etc., the option of building a railway bridge over the road will be very costly and difficult to implement, so the main recommended option is to build a road bridge over the railway.

The total investment for the Railway Traffic Safety Improvement Project is expected to be approximately VND8,148.59 billion, equivalent to approximately USD320.04 million, of which the two largest expenditures are construction costs of VND4,575 billion and contingency of VND1,786 billion.

The project is proposed to use ODA loans from the WB worth about 5,716.54 billion VND, equivalent to about 224.52 million USD to use for the items: construction costs;

Capital corresponding to about VND 2,432.05 billion (equivalent to about 95.52 million USD) is used for items: Project management costs, VAT, design consultancy, supervision, other advice and other costs;

If approved by the competent authority, the Project will be implemented within 5 years after the Funding Agreement comes into effect (expected from 2025 to 2030).

Investing 8,981 billion VND to build Dau Giay - Tan Phu expressway phase 1

The Minister of Transport has just signed Decision No. 954/QD-BGTVT approving the investment project to build the Dau Giay - Tan Phu Expressway (phase 1) under the PPP method.

The project has a length of 60.24 km with the first point (Km0+000) in the intersection area with Highway 1, connecting to Ho Chi Minh City - Long Thanh - Dau Giay highway, in the territory of Dau Giay town, Thong Nhat district, Dong Nai province; the last point: at Km60+243.83 (at the end of the intersection with National Highway 20), connected to the construction project

Dau Giay Interchange – starting point of Dau Giay – Tan Phu Expressway.

The entire length of the project route is located entirely in Thong Nhat, Xuan Loc, Dinh Quan and Tan Phu districts of Dong Nai province.

In the complete stage, Dau Giay - Tan Phu highway is a 100 -lane highway, 4 lanes, a cross -section of 24.75m, design speed of 100 km/h. In phase 1, geometric elements (horns, vertical surveillance) of the route meets high -speed route 100, 4 lanes, width of 17m road floor.

At the location of weak soil treatment, high and high embankment roads, connection intersections, emergency stops, bridges on the high -speed cross -section of the cross -section according to the scale of the complete stage with the width of the road floor 24.75m.

Within the project scope, 5 intersections will be arranged, in which phase 1 invests 4 intersections and planning 1 intersection.

Specifically, Dau Giay intersection (Km0+000) connects Ho Chi Minh City - Long Thanh - Dau Giay and Highway 1 highway to complete the flower intersection;

DT.763 Interchange (about Km16+500) connects the expressway with National Highway 20 and National Highway 1 via DT.763; the intersection is trumpet-shaped; the size of the intersection branches is from 1 to 2 lanes.

Cao Cang Interchange (about Km38+000) connects the expressway with National Highway 20, the center of Dinh Quan district and Duc Linh district, Binh Thuan; the intersection is trumpet-shaped; the scale of the intersection branches is from 1 to 2 lanes. Tan Phu Interchange (Km57+700) connects the expressway with National Highway 20, the center of Tan Phu district; the intersection is trumpet-shaped; the scale of the intersection branches is from 1 to 2 lanes.

At the intersection position with DT.770B (about Km10+400) in the immediate future, invest in the overpass on the highway;

According to Decision No. 954, the project is built on 26 bridges on the crossroads crossing the highway and 4 bridges on the intersection of the highway;

In addition, the project also built about 31 km of collection roads in combination with the system of tunnel, bridges, existing roads to ensure traffic connection, limiting the impact of residents on both sides of the route;

The project of completing the equipment system on the highway, intersection branches, traffic management centers, management software ... to serve the management and exploitation of highways to ensure smooth, safe, effective, timely, convenient and environmentally friendly.

Smart traffic management system includes the main component of the surveillance camera system;

The traffic management center is located in the Cao Cang intersection area (about km38+000).

It is expected that the route will be arranged at Km 40, about 3 hectares/1.

The total area of ​​the project is about 378 hectares, of which about 95 hectares of Thong Nhat district;

With the above investment scale, the project has a total investment of VND 8,981 billion, of which capital mobilized by investors is about VND 7,681.539 billion; State capital is about VND 1,300 billion, under the medium-term investment plan of the state budget in the period of 2021-2025 approved by the Prime Minister in Decision No. 1535/QD-TTG dated September 15, 2021.

With the State's participation of about 20%of the total investment; the profit rate of investors is 11.77%/year, the loan interest rate is 9.47%/year, the starting fee applied to group 1 is 1,900 VND/km ...

The Ministry of Transport authorizes the Vietnam Highway Department to sign a contract.

The form of project investor selection is a spacious bidding in the country. The time to organize the selection of investors is from 2024 to 2025. In this project, the mechanism to share the increase and decrease in revenue: comply with the provisions of Article 82 of the Law on Investment in the method of public-private partnership and Decree No. 28/2021/ND-CP dated March 26, 2021 of the Government prescribes the investment management mechanism of PPP.

The project will meet the needs of transport, reduce the load and ensure traffic safety on Highway 20; completed and put into synchronous exploitation of high -speed high -speed roads with high capacity, traffic safety and high speed on the transport corridor of Ho Chi Minh City - Dau Giay - Lien Khuong, promoting socio -economic development of Dong Nai province in particular and the Southeast region in general.

The project also creates a motivation for linking, promoting cooperation and developing the Southeast region with the Mekong Delta, the Central Highlands and South Central region; increasing the competitiveness of the economy in the context of extensive integration, gradually perfecting the road transport network according to the planning;