HomeNewsEconomyClearly define investment goals for the Cho Moi expressway

Clearly define investment goals for the Cho Moi expressway


The 28,8 km long Cho Moi - Bac Kan route construction investment project (Bac Kan province) will be invested immediately according to the planned scale with 4 standard lanes, 22 m wide roadbed, with budget capital. .





Perspective of the Cho Moi – Bac Kan expressway

Go straight to the planning scale

“We have submitted Report No. 12/TTr-BQLDA2 to the Ministry of Transport to appraise and approve the Feasibility Study Report of the Cho Moi - Bac Kan route construction investment project (Bac Kan province). ) in the middle of last week. At the same time, accelerate investment preparations to be able to soon deploy projects on the ground in 2024," said Mr. Cao Viet Hung, Deputy Director of Project Management Board 2 - the unit assigned the task. said the project investor.

It should be added that the Cho Moi - Bac Kan route is located on the CT.07 highway axis (Hanoi - Thai Nguyen - Bac Kan - Cao Bang), with a length of 227 km. According to the approved plan, the Cho Moi - Bac Kan section is 31 km long, has 4 lanes, and is expected to be invested before 2030.

After completion, the Investment Project to build the Cho Moi - Bac Kan route (Bac Kan province) with 4 lanes will connect with the Hanoi - Thai Nguyen - Cho Moi route, ensuring synchronization in scale. , gradually completing the highway connecting Hanoi with the Northern midland and mountainous provinces.

Previously, at the end of February 2, the Minister of Transport signed Decision No. 2024/QD-BGTVT on approving the investment policy adjustment of the Cho Moi - Bac Kan route construction investment project.

The most important highlight in this decision is that the Ministry of Transport adjusts the investment scale. Accordingly, the expressway is invested with a scale of 4 lanes, 22 m wide roadbed, 20,5 m wide road surface (instead of 2 lanes, 12 m wide road base, 11 m wide road surface). approved by this ministry in 2021).

Regarding capital sources and capital allocation plans, the Ministry of Transport expects that in the period 2021 - 2025, it will allocate 4.804,3 billion VND, of which, the capital source has been assigned to the medium-term public investment plan from the state budget. period 2021 - 2025 is 1.815,3 billion VND; The expected balance from revenue increases and regular expenditure savings in the central budget in 2022 is VND 2.989 billion. The transition period from 2026 to 2030 is 946,7 billion VND.

According to the representative of Project Management Board 2, the change in investment policy of the Cho Moi - Bac Kan route construction investment project is to implement the direction of Government leaders on the implementation of road projects. Highway.

Specifically, in Notice No. 29/TB-VPCP dated February 15, 2 and Notice No. 2023/TB-VPCP dated March 63, 2, Prime Minister Pham Minh Chinh directed the Ministry of Transport and localities to Not investing in 3-lane highways causes waste of investment capital, ineffective exploitation and takes more time and procedures to upgrade.




Synchronize 4 lanes throughout the route

It is known that in Proposal No. 12/TTr-BQLDA2, the contents and investment plans of the Project prepared by the investor and consulting unit closely follow Decision No. 180/QD-BGTVT.

Specifically, the project will have its starting point at Km0+00 (connecting Thai Nguyen - Cho Moi highway, Cho Moi district, Bac Kan province); End point at Km28+400 (connecting Bac Kan - Cao Bang highway, Bac Kan city, Bac Kan province). The total length of the project's route is 28,8 km, located in Cho Moi district and City. Bac Kan (Bac Kan province); Of which, the Cho Moi - Bac Kan expressway is about 28,4 km long, the section connecting the expressway with National Highway 3B is about 0,4 km long.

In the Proposal, the Project Management Board proposed that the Ministry of Transport not invest in the toll collection system during this period. Instead, synchronous toll collection will be implemented for the CT.07 expressway axis when conditions are met.

With the above investment scale, the Cho Moi - Bac Kan route construction investment project will have a total investment of 5.750,76 billion VND, of which construction costs are 4.571 billion VND. According to the results of analysis and research by the consultant, the Project is assessed to bring economic efficiency through the following indicators: Net present value (NPV) is 1.732 billion VND; Internal rate of return (IRR) is 12,93%; The benefit/cost ratio (B/C) is 1,78.

Project Management Board 2 plans to complete investment preparations in 2024; Carry out site clearance and resettlement from 2024 to 2025; Construction work from 2024 to 2026.

Regarding the synchronous investment in the Thai Nguyen - Cho Moi - Bac Kan expressway, the People's Committee of Bac Kan province has just proposed that the Ministry of Transport soon "upgrade" the 40 km long Thai Nguyen - Cho Moi route from 2 lanes to 4 lanes. .

According to Mr. Dinh Quang Tuyen, Vice Chairman of the People's Committee of Bac Kan province, currently, the density of vehicles circulating on the Thai Nguyen - Cho Moi route is very large, while this section of the route is being exploited with 2 lanes and intersections. at the same level, mimicking many technical criteria, always posing a potential risk of traffic accidents, not synchronized with the two adjacent expressways, Hanoi - Thai Nguyen, Cho Moi - Bac Kan, both of which have 2 lanes. car.

Furthermore, only being able to collect tolls at 1/2 of the stations in the approved project causes financial difficulties for investors, leading to the requirement that investors upgrade the route to 4 lanes, which is not feasible. Therefore, "It is recommended that the Ministry of Transport report to competent authorities to consider the plan to use the state budget to pay investors and terminate the BOT contract for the Thai Nguyen - Road Construction Investment Project." Cho Moi (Bac Kan) and upgrade the road to complete scale according to the approved planning of 4 lanes", proposed the leader of Bac Kan Provincial People's Committee.





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