Speaking at the opening of the meeting, Permanent Deputy Prime Minister Nguyen Hoa Binh said that the Politburo had concluded and the National Assembly had passed a Resolution to implement the high-speed railway project on the North-South axis.
The project has 3 investment methods, which are public investment, public-private partnership (PPP) investment and private investment. Among these 3 investment forms, the requirement is to choose the optimal investment form that is most beneficial for the country.
The Deputy Prime Minister welcomed businesses that intend to participate in the project. There are 6 businesses participating as project investors, of which 4 have submitted documents.
The Government invited all six businesses to attend the meeting; five businesses attended, while one could not be contacted at the published address.
Stating the purpose of the meeting to listen to the plans, policies, specific solutions, and proposals of enterprises to the Government, and the commitments of enterprises when implementing the project, the Deputy Prime Minister said that in the documents sent by enterprises to the Ministry of Construction, there was some unclear information. Through the meeting, the Deputy Prime Minister said that the purpose was to assess the actual capacity and goodwill of investors, provide full and accurate information to the public, helping the public see clearly which enterprises have serious thinking and preparation, have the capacity to implement, and which are statements lacking a basis in reality.
This is a necessary step to have full information before making a decision to choose the most feasible and effective investment method. The spirit is "putting the interests of the nation and people first, how can we have a railway line as expected by the people".
The Deputy Prime Minister expressed "great regret" that some businesses have not prepared documents to send to the Government, and some businesses have published open letters in the media announcing they are raising 100 billion USD to participate in the project, but many times their addresses cannot be found.
The Deputy Prime Minister emphasized that this was a very serious meeting. The high-speed railway project on the North-South axis has an investment of about 60-70 billion USD, is a project of special importance to the development of the country; is a project with high technical technology content, world-class, with great expectations from the people, "the people are waiting and watching closely what we do".
Affirming that the Government shows great respect for businesses, the meeting was attended by two Deputy Prime Ministers, the Governor of the State Bank, and Ministers of several ministries. The Deputy Prime Minister hopes to receive the same spirit from businesses.
At the same time, he emphasized that the review must be completely impartial, objective, transparent, frank, and open. Only when the Government has full information can it make wise decisions. This is the responsibility to the people, to the Party, and to the country.
At the meeting, business representatives presented ideas, investment plans for the project, financial and technological options, and investment forms when participating in the project.
Permanent Deputy Prime Minister Nguyen Hoa Binh, Deputy Prime Minister Tran Hong Ha, and leaders of ministries and branches discussed and answered questions from investors about ideas, investment forms, technology plans, implementation capacity, financial potential, capital mobilization ability of enterprises participating in the project, foreseeable risks and risk management...
The representative of Vietnam 3000 Limited Liability Company - Vietnam Investment and Development Group said that this is a big project, requiring coordination between the Government and investors, especially in capital mobilization and wants to choose the form of PPP cooperation from the perspective of "coordination and support" because there are many potential risks.
The role of this enterprise is to mobilize and bring capital for the project and call for and mobilize good experts in this field to implement the project.
However, when asked about the financial capacity and capital contribution ratio of the enterprise; the capacity and legal basis, the basis for the enterprise to mobilize capital..., the representative of this enterprise could not answer, did not get to the heart of the question.
Expressing his goodwill to cooperate in investing in the project according to the capital recovery business plan, when asked about the scale of the Group's human resources, investment capital and project implementation capacity, Mr. Nguyen Nam Thieu, Chairman of the Board of Directors of Discovery Group Joint Stock Company, said that the Group currently has about 70 employees and a total capital of about 2,000 - 3,000 billion VND.
The representative of Vietnam Railway Transport Joint Stock Company wishes to participate in the project, mainly focusing on infrastructure of signal information equipment and electrical systems for the high-speed railway project.
Affirming that this is a great opportunity for businesses, the representative of Truong Hai Group Joint Stock Company, General Director Nguyen Hoang Tue said that the Group has organized many meetings related to the policy of participating in investing in this important project; regularly updating records and documents, sending reports to the authorities with the goodwill to participate in the project in the form of investment and business (according to the Investment Law).
Regarding capital, the investor will be responsible for 20% of the investment capital, 80% will be mobilized and borrowed. In addition to its own capital and financial resources, Truong Hai Group will establish companies to mobilize investment capital from domestic and international enterprises and corporations to implement the project.
Based on careful calculation of resources and capacity, the expected project implementation time from Hanoi to Vinh and from Ho Chi Minh City to Nha Trang is 5 years; the implementation time from Nha Trang to Vinh is 7 years.
Mr. Nguyen Hoang Tue strongly committed to ensuring personnel work, progress, project quality, and disbursement on schedule; items transferred to the State for management on schedule; ensuring quality and technology issues; and increasing the localization rate in project implementation.
He hopes that the Government will soon issue policy mechanisms and standard frameworks for projects so that businesses can study and participate in implementation.
General Director of Vinspeed High-Speed Railway Investment and Development Joint Stock Company Nguyen Viet Quang wishes to invest in the project in the form of business investment with a total estimated investment of over 61 billion USD (excluding site clearance costs) with a project construction period of 5 years from the date the State allocates clean land for the project.
He proposed to borrow 80% of the project investment capital and repay it within 30 years; commit to strictly comply with legal regulations, especially procedures and regulations in borrowing capital; ensure investment in modern technology and equipment, strengthen cooperation with partners in increasing the localization rate of the railway industry; arrange and train human resources to implement the project as well as operate it when it comes into operation; ensure conditions, be ready to serve security and defense goals; be ready to accept some business risks, not to let capital increase...
Vinspeed representatives also pledged to invest in and organize research and development of high-speed railway technology to not only master technology transferred from foreign partners but also create new technological values in Vietnam.
After listening to businesses, Deputy Prime Minister Nguyen Hoa stated that exchanging and learning information with businesses and investors is very necessary. Through that, we can know the goodwill of businesses.
“We invited 6 businesses that registered to work, but only 5 businesses showed up, and 1 business that registered to work, the Mekolor and Great (USA) Investor Alliance, did not show up. We contacted them but could not find their address. Through this, we have more information about the businesses in different aspects of their serious or unserious working spirit,” said the Deputy Prime Minister.
The Deputy Prime Minister said that there are enterprises that work very seriously, their reports are prepared very carefully and elaborately, but there are also enterprises whose reports are sketchy and their ideas are not clear. There are enterprises with only 70 employees and a total capital of about 2,000-3,000 billion VND, which cannot meet the requirements of the project.
According to the Deputy Prime Minister, this is not a contest to select and decide on investors. Based on the available documents and information provided by enterprises, Permanent Deputy Prime Minister Nguyen Hoa Binh requested the Ministry of Construction to preside over and coordinate with the Ministry of Finance, the State Bank of Vietnam and relevant agencies to promptly complete the report proposing investment methods and accompanying policy mechanisms to submit to the Government for consideration and comments, and at the same time requested ministries and branches to actively contribute their opinions to the report. This will be an important basis for the Government to discuss and evaluate before reporting to competent authorities for consideration and decision.
Source: https://www.sggp.org.vn/xem-xet-cong-tam-minh-bach-trong-dau-tu-du-an-duong-sat-toc-do-cao-bac-nam-post825863.html
Comment (0)