An investment of 19,784 billion VND will be used to build a 60.9 km, four-lane expressway between Nam Dinh and Thai Binh.
The PPP project to invest in and construct the Ninh Binh – Hai Phong expressway section through Nam Dinh and Thai Binh provinces will begin bidding to select an investor in the fourth quarter of 2024.
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The Chairman of the People's Committee of Thai Binh province has just signed Decision No. 1799/QD-UBND approving the investment project for the construction of the Ninh Binh - Hai Phong expressway, the section passing through Nam Dinh and Thai Binh provinces, under the PPP method. This project was proposed by Geleximco Group as the investor.
The project starts at Km 19+300 at the southern end of the Day River overpass in Nam Dinh province, in Nghia Thai commune, Nghia Hung district; and ends at Km 80+200 at the intersection of the new National Highway 37 and the coastal road, in Thuy Trinh commune, Thai Thuy district, Thai Binh province.
The total length of the project route is approximately 60.9 km (of which, the section through Nam Dinh province is 27.6 km long; the section through Thai Binh province is 33.3 km long) and will be constructed according to expressway standards (TCVN 5729:2012), with 4 complete lanes, a roadbed width of 24.5 m, and a design speed of 120 km/h.
The project will construct 23 bridges along the main route, including the longest bridge, the Red River bridge connecting Thai Binh and Nam Dinh, measuring 1,115 meters; 4 overpasses; 4 interchanges; and an intelligent traffic management system.
The planned route includes one rest stop at Km 33+500 (Truc Ninh district, Nam Dinh province) and one at Km 51+900 (Kien Xuong district, Thai Binh province). The investment, business, and operation of these rest stops will be carried out in accordance with the law (and are not within the scope of this project).
The total land requirement is approximately 538.44 hectares (including the planned area for resettlement zones; excluding the area for rest stops), of which residential land is approximately 8.91 hectares; agricultural land is approximately 453.85 hectares; land for educational and training facilities is approximately 0.38 hectares; land for production and business is approximately 2.1 hectares; and other non-agricultural land is approximately 73.2 hectares (including land for: transportation, irrigation, cemeteries, and energy facilities).
With the investment scale as described above, the total investment for the Project excluding interest is VND 19,149.275 billion; the total investment including interest is VND 19,784.55 billion.
The project implementation period is from 2023, with basic completion in 2027, and commissioning in 2028.
In this project, the investor's/project enterprise's share of capital is VND 10,447.55 billion (52.81%); the state capital is VND 9,337.00 billion (47.19%), allocated to supporting the construction of works and infrastructure systems (VND 6,200.00 billion) and paying compensation, land clearance, and resettlement support (VND 3,137 billion).
With an investor return rate of 10.78%/year; a loan interest rate of 9.33%/year; and starting ticket prices (in 2028) for 5 vehicle groups of 2,100 – 3,000 – 4,400 – 8,000 - 12,000 (VND/km) respectively… The project will recover its investment within 25 years and 4 months.
The method of selecting investors for the Project is through open domestic bidding; the investor selection process will be held in the fourth quarter of 2024.
The Chairman of the People's Committee of Thai Binh province assigned the Thai Binh Provincial Project Management Board for Investment and Construction of Transportation Projects to manage the state capital participating in the project, ensuring economy, efficiency, preventing corruption, loss, and waste, and complying with the provisions of the law.
This unit will also preside over and coordinate with relevant agencies to finalize the bidding documents, submit them to the competent authority for review and approval as a basis for selecting investors to implement the project; and at the same time organize the selection of investors in accordance with the law.
According to the Ministry of Transport, the Ninh Binh – Hai Phong expressway is of paramount importance, connecting provinces in the southern Red River Delta and the northern Central region with the international gateway port of Lach Huyen, linking coastal provinces in the Red River Delta; investing in the expressway will open up new development opportunities for the southern Red River Delta and the northern Central region; contributing to ensuring traffic safety; and reducing logistics costs.
Once completed, the route will connect with expressways such as the North-South Expressway, the Hanoi-Hai Phong Expressway, National Highway 10, National Highway 1, National Highway 21, and the new National Highway 37; and economic development axes such as the Nam Dinh Provincial Economic Development Axis, the new Nam Dinh-Lac Quan road, and the Thai Binh-Con Vanh road.
At the same time, it helps connect with Cat Bi International Airport, Van Don International Airport, and the seaports and international border gates of Mong Cai. Given its nature and role as an inter-regional road, investing in and putting into operation the Ninh Binh – Hai Phong expressway will contribute to increasing traffic connectivity with road networks in the region, and between coastal localities in Northern Vietnam.
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