The Ministry of Finance has just sent a document to the People's Committee of Binh Duong province regarding the Pre-Feasibility Study Report of the Urban Railway Line No. 1 Project ( Binh Duong New City - Suoi Tien, Ho Chi Minh City).
According to Document No. 2299/TTr-UBND dated April 17, 2025 of Binh Duong Provincial People's Committee, the Project has a total preliminary investment of VND 56,301 billion.
In which, the proposed capital sources include: central budget 11,260 billion VND, local budget 21,654 billion VND and revenue from urban development according to transport orientation (TOD) 23,387 billion VND.
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| Binh Duong's metro line No. 1 will connect with line No. 1 (Ben Thanh - Suoi Tien) of Ho Chi Minh City. Photo: Le Toan |
For this project, Binh Duong Provincial People's Committee proposed to apply special mechanisms and policies for the Project and submit it to the National Assembly for consideration and decision.
However, according to the assessment of the Ministry of Finance, the Pre-Feasibility Study Report is still incomplete according to the provisions of Article 53 of the Construction Law. Specifically, the report does not clarify the capital balance and mobilization plan, and lacks explanations and preliminary calculations of the total investment according to the provisions of the law on construction.
Regarding the procedures for appraisal and approval of the Pre-Feasibility Study Report, pursuant to Clause 2, Article 20 of the Law on Public Investment and Clause 3, Article 14 of Decree No. 29/2021/ND-CP, the Project will be appraised by the Prime Minister by decision of the Prime Minister, who will establish a State Appraisal Council to organize the appraisal.
However, according to Resolution No. 60-NQ/TW dated April 12, 2025 of the 13th Party Central Committee, Binh Duong province and Ba Ria - Vung Tau province will be merged with Ho Chi Minh City, forming a new administrative unit named Ho Chi Minh City.
Also in April 2025, the Government issued Resolution No. 74/NQ-CP on the plan to reorganize administrative units and build a two-level local government organization model. It is expected that the Project on reorganizing provincial-level administrative units will be submitted to the National Assembly for consideration and approval before June 20, 2025.
According to the Ministry of Finance, after the merger of Binh Duong province and Ba Ria - Vung Tau province with Ho Chi Minh City and Resolution 188/2025/QH15 is still applied to Ho Chi Minh City after the merger, the Project can immediately carry out the preparation, appraisal, and investment decision without having to carry out the procedures for preparation, appraisal, and investment policy decision and other procedures related to investment policy decision according to the provisions of relevant laws.
In case the People's Committee of Binh Duong province still wishes to implement the Project right from the present time, the Ministry of Finance requests that the locality promptly complete the full Pre-Feasibility Study Report in accordance with regulations, so that the Ministry has a basis to carry out the appraisal process in accordance with legal regulations.
Currently, Binh Duong province is completing procedures to invest in Metro Line 1 Project . According to the plan, the project will start construction in 2027 and be completed and put into operation in 2031.
Source: https://baodautu.vn/du-an-metro-56301-ty-dong-cua-binh-duong-chua-lam-ro-phuong-an-huy-dong-von-d288633.html
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