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| The North-South Expressway component project, Nha Trang - Cam Lam section, is invested by Son Hai Group under the PPP method. |
Mr. Nguyen Viet Hai, Chairman of the Board of Directors of Son Hai Group Joint Stock Company, has just sent a document to the Prime Minister proposing to invest in the complete expansion of the 263 km North-South Expressway from Hoai Nhon to Nha Trang with 100% investor capital.
Accordingly, Son Hai Group wants the head of the Government to consider assigning this unit to take the lead in cooperating with a number of capable investors to research and complete the investment in the North-South expressway projects in the East, continuously stretching 263 km from Hoai Nhon to Nha Trang (including the projects Hoai Nhon - Quy Nhon, Quy Nhon - Chi Thanh, Chi Thanh - Van Phong, Van Phong - Nha Trang) under the PPP method. The investor commits to arrange 100% of the capital (including the investor's equity and other legally mobilized capital), not using state capital, and self-implementing the project construction with a progress of no more than 24 months and a 10-year construction quality warranty.
“This proposal is in response to Resolution 68/NQ-TW of the Politburo , with the desire to contribute to building for the country projects of good quality, fast progress and mobilizing resources from society, reducing pressure on the state budget according to the policy of the Party and Government, while creating more jobs for the Group's officials and employees,” the document signed by Mr. Nguyen Viet Hai stated.
Son Hai Group is a private enterprise operating in many fields, notably investing, constructing, and managing the operation of traffic infrastructure projects. It has invested and built more than 185 km of highways nationwide.
The projects that this enterprise has implemented always ensure quality, technique, aesthetics and shorten the progress, typically: North-South Expressway Project Nha Trang - Cam Lam section under the PPP method, La Son - Tuy Loan Expressway Project under the PPP method; North-South Expressway sections in the East including Mai Son - National Highway 45, Nghi Son - Dien Chau, Vung Ang - Bung, Hoai Nhon - Quy Nhon, Van Phong - Nha Trang...
Previously, in Notice No. 266/TB - VPCP, Deputy Prime Minister Tran Hong Ha assigned the Ministry of Construction to fully absorb the opinions of the ministries and agencies speaking at the meeting to supplement and complete the investment plan to expand the eastern sections of the North-South Expressway under the PPP method or the concession plan combined with upgrading and expanding assets according to the planning; not to implement the public investment plan.
The plan must be based on the requirements of the National Assembly's resolutions on toll collection to recover capital after the construction investment is completed, analyze economic aspects to develop detailed and specific scenarios for expansion investment options (15 total sections) and conduct a survey of investors' interest.
When building a scenario, it is necessary to pay attention to the appropriate implementation roadmap (prioritize projects under construction, always research investment to avoid waste and research the mechanism to continue using previous contractors who have performed well in the project's bidding package).
The Deputy Prime Minister requested the Vietnam Expressway Corporation (VEC) to urgently and proactively propose a plan (VEC takes the lead in the whole project or VEC cooperates with domestic state-owned and private enterprises, proposes accompanying mechanisms and policies) to invest in upgrading and expanding the eastern sections of the North-South Expressway, and send it to the Ministry of Construction by June 2, 2025.
“The Ministry of Construction shall evaluate and compare the options to propose to the Prime Minister the most effective option; report to the Prime Minister before June 5, 2025,” the Deputy Prime Minister directed.
Source: https://baodautu.vn/tap-doan-son-hai-de-xuat-dau-tu-hoan-chinh-263-km-cao-toc-bac---nam-phia-dong-d294364.html
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