Approval of investment policy for Quy Nhon - Pleiku Expressway Project with capital of 43,734 billion VND

The project is preparing for investment and implementation from 2025, and will be completed and put into operation in 2029. This route will help reduce travel time from Binh Dinh to Gia Lai by half.

Chairman of the National Assembly's Economic and Financial Committee Phan Van Mai presented a report at the National Assembly.

On the morning of June 27, with 446/447 delegates participating in the vote, the National Assembly voted to approve the investment policy of the Quy Nhon - Pleiku Expressway Project. The project is about 125 km long, divided into 3 component projects; encourages the application of high technology in construction organization, adapting to climate change. Implementing the form of non-stop electronic toll collection in exploitation and operation.

The project is being prepared for investment and implementation in 2025, expected to be completed and put into operation from 2029.

Presenting a report on the acceptance, explanation and revision of the draft resolution before pressing the button, Chairman of the National Assembly 's Economic and Financial Committee Phan Van Mai said that this route will help shorten the travel time from Binh Dinh to Gia Lai via National Highway 19 from 3.5 - 4 hours to about 2 hours, while also overcoming the difficult and dangerous situation when traveling through Mang Yang and An Khe passes.

The total preliminary investment of the project is about 43,734 billion VND. Of which, the state budget will be allocated from sources of increased revenue and expenditure savings in 2024; central budget and local budget in the period of 2021 - 2025 and 2026 - 2030.

The Resolution sets out the goal of building a modern and synchronous Quy Nhon - Pleiku expressway to meet transportation needs, creating an important driving force in the socio-economic development strategy of the Central Highlands and the Central Coast region.

Along with that, connecting international border gates, large urban areas and seaports, the Central Highlands with the South Central Coast region, the East-West corridors and countries in the region.

This project will also be subject to special mechanisms and policies similar to Group A projects on public investment and will be allowed to apply the form of designated bidding for bidding packages under the project.

According to Chairman of the Economic and Financial Committee Phan Van Mai, a delegate proposed to add the appraisal of capital sources and the ability to balance capital of the Project. Regarding this content, the Standing Committee of the National Assembly believes that this Project has a particularly important role and significance in the socio-economic development strategy and ensuring national defense and security of the Central Highlands and the Central Coast region; early investment in the Project will contribute to promoting socio-economic development of the region and related localities.

Accordingly, given the importance of the Project, the competent authority has allowed the Project to not have to conduct an appraisal of the capital balance capability according to the provisions of the Law on Public Investment. It is requested that the Government, during the implementation process, arrange and balance sufficient capital to ensure the progress and quality of the Project.

There are opinions requesting clarification of the reasonableness of the investment rate and total investment of the Project, when the investment rate of the Project is about 300 billion VND/km, while the Gia Nghia - Chon Thanh expressway project is only about 200 billion VND/km.

Explaining, the Standing Committee of the National Assembly said that, according to the Government's report, the main reason for the higher investment cost of the Quy Nhon - Pleiku expressway compared to the Gia Nghia - Chon Thanh expressway is due to the difference in terrain conditions and scale of the project, specifically: the Quy Nhon - Pleiku expressway mostly passes through complex mountainous terrain, especially the An Khe and Mang Yang passes.

The project must build 3 level I and special level tunnels, with a total length of about 5 km; 63 bridge works on the main route, with a total length of about 20.9 km out of the total length of the route of 125 km (accounting for 16.72% of the length), including about 5 km of large, special level bridges, with expected bridge pier heights of 60 - 90 m, these are works with a much higher construction investment rate than normal bridges. As a result, the cost of building bridges and tunnels accounts for about 63.65% of the construction cost (19,191/30,150 billion VND) and about 44% of the total investment of the Project.

Meanwhile, the Gia Nghia - Chon Thanh expressway has more favorable terrain conditions, there are no tunnels or large bridges with complex structures on the route. The project must build 34 bridges on the main route, with a total length of about 9.5 km out of the total length of the route of 127 km (accounting for 7.5% of the length). As a result, the cost of building bridges accounts for about 38.65% of the construction cost (6,223/16,470 billion VND) and about 23% of the total investment of the project.

Regarding the progress and organization of the Project implementation, there are suggestions that during the implementation process, it is necessary to clearly identify the source of materials, especially sand for roadbed filling materials, to ensure the construction progress and quality of the project.

According to the National Assembly Standing Committee, during the preparation of the Pre-Feasibility Study Report, the Project has initially oriented a number of solutions for the design of the roadbed and pavement. The Project construction area is relatively favorable in terms of the source of embankment materials, with the main embankment material expected to be soil. Initial survey results show that local material sources can fully meet the needs of the Project's embankment materials. Therefore, the Project is not expected to encounter difficulties in the supply of embankment materials, such as the shortage of embankment sand that is occurring in some expressway projects in the Mekong Delta region.

Source: https://baodautu.vn/thong-qua-chu-truong-dau-tu-du-an-cao-toc-quy-nhon---pleiku-von-43734-ty-dong-d315088.html