Proposing the Government to allocate capital to increase central budget revenue in 2024 to invest in expanding Noi Bai - Lao Cai expressway, Yen Bai

The Ministry of Construction proposed that the Government leaders approve the policy of allocating capital to increase the central budget revenue in 2024 to invest in expanding the Yen Bai - Lao Cai expressway and assign the Vietnam Expressway Corporation (VEC) to implement the project; the proportion of capital to increase the central budget revenue in 2024 allocated to the project will be reviewed and balanced by the Ministry of Finance based on principles, criteria, and capital balancing capacity.

Noi Bai - Lao Cai Expressway section through Lao Cai province.

The Ministry of Construction also proposed assigning the Ministry of Finance to direct VEC to review and calculate specific financial plans in case VEC mobilizes capital to invest in expanding the Noi Bai - Lao Cai expressway; the investment plan must ensure the ability to mobilize capital, the ability to repay the Government's ODA capital, the feasibility of the financial plan of the project in particular and the 5 projects currently managed and operated by VEC, and the consistency with the plan to increase charter capital for the period 2024 - 2026 approved by competent authorities.

According to VEC's report, the Yen Bai - Lao Cai section previously had a scale of 2 lanes from Km123+080 - Km244+155, with a length of about 121 km. During the investment and exploitation process, some sections were expanded to a scale of 4 lanes, with a length of about 40 km. Therefore, the scope of the research and investment to expand the Yen Bai - Lao Cai expressway section is about 83 km, with a scale of 4 lanes to exploit the scale synchronously with the Noi Bai - Yen Bai section and suitable for the existing ground conditions, accelerating the investment progress.

In case VEC is assigned as the investment management agency, VEC will specifically calculate the scale of route expansion to ensure meeting transportation needs on the route, in accordance with the ability to balance resources.

Source: https://baolaocai.vn/kien-nghi-chinh-phu-bo-tri-nguon-von-tang-thu-ngan-sach-trung-uong-nam-2024-de-dau-tu-mo-rong-cao-toc-noi-bai-lao-cai-doan-yen-bai-lao-cai-post399891.html