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| Perspective of a section of Ring Road 4 - Hanoi Capital Region. |
The Chairman of the Hanoi People's Committee has just signed Decision No. 2952/QD-UBND approving the results of selecting investors to implement Component Project 3: Investment in the construction of expressways under the PPP method, BOT contract type under the Investment Project to build Ring Road 4 - Hanoi Capital Region.
Specifically, the winning investor of Component Project 3 - the important and largest component project of the Ring Road 4 Construction Investment Project - Hanoi Capital Region is the Joint Venture of City Real Estate Investment Company Limited - Saigon Sunflower Company Limited - Vietnam Expressway Development and Investment Corporation - One Member Limited Liability Company - Horizon Investment Joint Stock Company (CITYLAND - SUNFLOWER - VEC - HORIZON).
The proposed price of the CITYLAND - SUNFLOWER - VEC - HORIZON consortium is 56,050 billion VND, of which the Sub-project using state capital in the PPP project has a total investment capital of 23,861 billion VND; the remaining part using investor capital is 32,189.54 billion VND.
The total investment and capital structure of the Project will be accurate after negotiation and completion of the project contract between the Contracting Agency and the investor.
The implementation period of the Investment Project (according to the approved Investment Project) is basically completed in 2026 and put into operation in 2027 and will be adjusted when the competent authority reviews and approves; the time for collecting tolls to recover capital (according to the investor's proposal) is 21.36 years.
The Chairman of the Hanoi People's Committee assigned the City Traffic Construction Investment Project Management Board to coordinate with relevant departments and branches to negotiate and finalize the contract with the winning investor and project enterprise to consider and resolve issues regarding loan interest rates, contingency costs, investment project implementation progress, financial and commercial plans, and traffic load regulation to ensure compliance with the bidding documents and the approved investment project feasibility study report and financial plan.
“During the negotiation and contract completion process, in case of difficulties, problems or failure to reach an agreement with the investor, report to the competent authority for consideration and decision in accordance with the provisions of law on investment under the PPP method,” Decision No. 2952 clearly states.
Component project 3: Investment in the construction of expressways under the PPP method, BOT contract type under the Investment Project for the Construction of Ring Road 4 - Hanoi Capital Region with a total length of about 113.52 km, including 103.82 km of the main route and 9.7 km of the connecting section towards Noi Bai - Ha Long expressway. The route is invested according to the standard of expressways type A, with a design speed of 100 km/h.
In the current phase, the investment will be made in advance for 4 lanes (according to the approved policy); the roadbed width will be 17 m; the bridge width will be 17.5 m (the bridges over the Red River and Duong River will be 24.5 m wide to accommodate 2 more lanes for motorbikes and non-motorized vehicles to cross the bridge connecting the two river banks, creating favorable travel conditions for people); the completion phase will be for a complete 6-lane expressway (to be implemented later and according to the policy approved by competent authorities).
The total investment of the Project (according to Decision No. 6479/QD-UBND dated December 20, 2023 of the Hanoi People's Committee) is 56,293,541 billion VND.
Source: https://baodautu.vn/da-tim-duoc-nha-dau-tu-du-an-ppp-vanh-dai-4-ha-noi-von-53302-ty-dong-d304771.html
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