Approval of the project to build Dinh Khao bridge across Co Chien river with capital of 2,852 billion VND

Fares for using road services for the approval of the Investment Project to build Dinh Khao bridge connecting Vinh Long and Ben Tre provinces under the PPP method.

The Chairman of the People's Committee of Vinh Long province has just signed Decision No. 1406/QD - UBND on approving the investment project to build Dinh Khao bridge connecting Vinh Long and Ben Tre provinces under the PPP method, to be implemented in Mang Thit district, Vinh Long province and Cho Lach district, Ben Tre province (now Nhon Phu commune and Phu Phung commune, Vinh Long province).

The Project length is about 4.3 km, including investment according to the scale of a grade III road, plain, design speed of 80 km/h; the route and bridges on the route (including Cai Cao bridge over the Co Chien river branch on the Ben Tre side) are 12 m wide (2 lanes), the completion phase is 20.5 m wide (4 lanes), site clearance is completed once; Dinh Khao bridge over Co Chien river is 1.54 km long, completed according to the scale of 17.5 m (4 lanes).

The total area of land and water surface occupation of the Project according to the scale of the complete phase is about 18.4199 hectares, of which Mang Thit district (now Nhon Phu commune), Vinh Long province is about 6.63 hectares; Cho Lach district, Ben Tre province (now Phu Phung commune, Vinh Long province) is about 11.7899 hectares.

The expected project implementation period is about 20.7 years (the project implementation period until the project is completed and put into use is about 3 years and the payback period according to the selected financial plan is 17.7 years).

The total investment of the Project is implemented under the PPP method, BOT contract type excluding interest is 2,761,143 billion VND, including interest: 2,852,143 billion VND.

According to Decision No. 1406, the capital of the investor and project enterprise responsible for arranging is about 1,442 billion VND (including loan interest), accounting for 50.6%; the State capital participating in the Project is about 1,409 billion VND, accounting for 49.4%.

The project is subject to the revenue sharing mechanism as prescribed in Clauses 2 and 3, Article 82 of the PPP Law. The source of capital used to pay for the revenue reduction is from the central budget reserve (as prescribed in Clause 3, Article 82 of the PPP Law).

The form of selecting investors for the Dinh Khao Bridge Construction Investment Project connecting Vinh Long and Ben Tre provinces is domestic open bidding. The time for organizing the selection of investors is determined after the Vinh Long Provincial People's Committee approves the feasibility study report, ensuring the time frames are in accordance with current regulations.

The investment project to build Dinh Khao bridge connecting Vinh Long and Ben Tre provinces, when completed, will contribute to improving and enhancing the exploitation capacity of National Highway 57, overcoming traffic congestion at Dinh Khao ferry route, ensuring connection with the national highway and expressway system, shortening travel time between Vinh Long and Ben Tre with provinces in the Mekong Delta region, and strengthening regional connectivity between provinces.

Dinh Khao Bridge opens up opportunities to promote investment, creating favorable conditions for Vinh Long province in particular and the Mekong Delta in general to develop comprehensively in the future.

Source: https://baodautu.vn/phe-duyet-du-an-xay-dung-cau-dinh-khao-vuot-song-co-chien-von-2852-ty-dong-d396978.html