Proposing 2 financial options for the Elevated Road Project along Highway 51

(DN) - On August 7, Provincial Party Committee member, Vice Chairman of Dong Nai Provincial People's Committee Ho Van Ha chaired a working session to listen to the departments, branches and investors propose project reports on the progress of implementing the Elevated Road Project along National Highway 51 from Vung Tau intersection to the intersection of Vo Nguyen Giap Street with Bien Hoa - Vung Tau Expressway under the public-private partnership (PPP) method.

Provincial Party Committee member, Vice Chairman of Dong Nai Provincial People's Committee Ho Van Ha spoke at the meeting. Photo: Pham Tung

According to the Department of Finance, currently, Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII), the representative of the consortium of investors proposing the project, has submitted the project's pre-feasibility study report for appraisal. The Department of Finance is collecting opinions from relevant units on the project's pre-feasibility study report.

In the project's pre-feasibility study report, the project's investor consortium proposed two financial options to implement the project's investment.

Specifically, option 1 has a total investment of more than 16.1 trillion VND with the state capital structure participating in the project being more than 4.8 trillion VND (accounting for more than 30% of the total investment), BOT capital (including loan interest) is more than 11.2 trillion VND (accounting for nearly 70% of the total investment). With this option, the toll collection period to recover the project capital is 25 years and 3 months.

With option 2, the total investment of the project is nearly 16.6 trillion VND. The entire capital source for the project is BOT capital (including loan interest). With this option, the toll collection period to recover the project capital is 26 years and 9 months.

Director of Dong Nai Province Department of Construction Nguyen Anh Tuan speaks at the meeting. Photo: Pham Tung

At the meeting, after listening to the discussion of representatives of departments, branches and the consortium of investors proposing the project, Provincial Party Committee member, Vice Chairman of the Provincial People's Committee Ho Van Ha requested the consortium of investors proposing the project to provide additional documents to the Department of Construction to clarify the socio -economic efficiency and urban aesthetics and report to the Provincial Party Committee. The Provincial Party Committee will report to the Standing Committee of the Provincial Party Committee before selecting an investor to implement the project. At the same time, the Department of Construction will study and evaluate the effectiveness of the plan to build the elevated road with the investment plan to build 2 intersections of Vung Tau and Gate 11, and report to the Provincial People's Committee.

The Department of Agriculture and Environment proactively carries out work related to compensation and resettlement of the project.

Representative of the consortium of investors proposing the project speaking at the meeting. Photo: Pham Tung

The project of the elevated route along National Highway 51 from Vung Tau intersection to Vo Nguyen Giap intersection with Bien Hoa - Vung Tau expressway is proposed by the investor to be implemented with a length of about 5.5km. The project will invest in the construction of an elevated route along National Highway 51 and the intersections of Vung Tau intersection, Gate 11, Vo Nguyen Giap Street with Bien Hoa - Vung Tau expressway and the intersection with Huong Lo 2.

Pham Tung

Source: https://baodongnai.com.vn/kinh-te/202508/de-xuat-2-phuong-an-tai-chinh-cho-du-an-tuyen-duong-tren-cao-doc-quoc-lo-51-8891932/