On the afternoon of June 25, continuing the 9th Session, the National Assembly discussed adding investment forms for the North-South high-speed railway project.
In the submission to the National Assembly, the Government proposed approving the addition of other forms of investment (such as investment under public-private partnership - PPP, business investment...) for the high-speed railway project on the North-South axis, in addition to the form of public investment in the Resolution of the 9th session.
The Government will select the form of investment and investors according to regulations; in case there are other mechanisms and policies beyond its authority, it will report to the National Assembly.
According to the Government, the North-South high-speed railway project was approved by the Politburo in the form of public investment and the National Assembly approved the investment policy and form of public investment in Resolution 172 dated November 30, 2024. At this time, no investors have expressed interest in or proposed to invest in the project.
The Government proposes to add the form of investment under public-private partnership - PPP, business investment for the high-speed railway project on the North-South axis. (Illustration photo).
However, after Resolution 68 on breakthrough private economic development was passed, during the project implementation process, the Government received a number of investors proposing construction.
Specifically, according to a document sent to the Prime Minister on May 6, VinSpeed Company proposed to invest in the North-South high-speed railway in the form of direct investment, not through PPP or public investment. VinSpeed committed to self-arranging 20% of the capital (about 12.27 billion USD), the remaining 80% (about 49 billion USD) proposed the State to lend interest-free for 35 years. The enterprise committed to repay the debt in full and on time.
In addition, VinSpeed proposed that the State carry out site clearance and hand over clean land for the company to implement the project. The company also proposed to be appointed as the investor of urban areas and real estate around the high-speed railway station and proposed many preferential mechanisms: exemption from equipment and vehicle taxes; 99-year operating period; ticket prices 60-70% lower than the ceiling price of air tickets...
About three weeks later, Truong Hai Group (Thaco) also sent a document proposing to invest in a high-speed railway line with a total investment of more than 1.5 million billion VND (about 61.35 billion USD), not including compensation and resettlement costs - this part Thaco proposed to separate into a separate project to be implemented by the State.
Thaco will contribute 20% of the total capital, equivalent to nearly 12.3 billion USD, the remaining amount of about 49 billion USD will be borrowed from domestic and foreign financial institutions. The enterprise proposed that the Government guarantee and support all loan interest for 30 years. Thaco will establish a project company, hold the controlling shares, and not transfer shares or exploitation rights to foreign investors.
Source: https://vtcnews.vn/de-xuat-cho-doanh-nghiep-tu-nhan-lam-duong-sat-toc-do-cao-bac-nam-ar950951.html
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