7 “super projects” waiting for investors
7 project called BOT capital in the field of road transport infrastructure by the Vietnam Road Administration management awaits investors.
Except Highway Construction Project 6 Three segments La – Xuan Mai has a total investment of 700 billion and Project Upgrade, expand Highway 1A La Son – Lang Co and Phu Gia tunnel construction, there Phuoc Tuong invested 2.300 billion, 7 other projects in the field of road infrastructure investors are looking for are “super projects” with capital of up to a billion dollars.
Truong Tan Vien, director of the Department of Planning – Investment, the Ministry of Communications and Transport Thong (GT-VT), 7 “super projects” are divided into two categories: inter-regional highway and ring road network the two biggest cities, Hanoi and Ho Chi Minh city State.
In particular, the field of development of the highway system consists of three projects: The project to build Dau Giay highway – 205 km long Lien Khuong has a total investment estimated 37,500 billion; Highways Project Nha Trang – Phan Thiet 79 km long with a total investment of 10.000 billion and the project in Quang Ngai Expressway – Quy Nhon 150 km long with a total investment of 28.000 billion.
For the second ring road network in Hanoi and Ho Chi Minh City, Vietnam Road Administration (state agencies authorized) are open to investors for four projects: That’s Ring Motorway 4 TP. Hanoi has 136 km long 6-lane, connecting Hanoi, Bac Ninh, Hung Yen and Bac Giang with total investment of 51,874 billion; Belt highway 5 TP.
Hanoi connecting Hanoi, Bac Ninh, Bac Giang, Hung Yen and Vinh Phuc has a total investment of 60,000 billion; Highway belt 3 Ho Chi Minh City 87.4 km long 6-lane investment is 43,000 billion and Highways belt 152 km long 4 HCM City and Dong Nai connection, Pacific and Long An has a total investment of 60.000 billion.
In addition to the above 9 projects, projects Motorways Noi Bai – Ha Long 147 km long with 20 557 billion in capital is whether investors have found that Gitex Ltd. (China), but by now this topic conference support part of funds to build the first 10 years (about 400 million USD); while seeking permission to buy some minerals for a special price … is incompatible with the law of Vietnam, it is likely that MOT will have to restart the process of finding investors.
“Despite the economic effects are relatively good, but due to large-scale capital projects that have not created the attraction for investors. Besides, due to the vast majority of projects unfinished step up investment proposal, investors should also not enough information to weigh on capital projects, “said Mai Van Duc, Director of Roads assessment of Vietnam.
According to experts, the government allowed two key infrastructure projects is Project Dau Giay Expressway – Phan Thiet expressway project and Ninh Binh – Thanh Hoa is funded reconstruction and development capital ( IBRD) of the World Bank (WB) in the form of public – private partnership (PPP) could be a new outlet for the mobilization of investment capital highway projects.
Mr. Ngo Thinh Duc, Deputy Minister GT VT said: “With the practical difficulties about repayment ability of the highway project, enabling investors to use the World Bank’s IBRD loans or preferential loans from other donors through a PPP is considered effective mobilization plans and feasible by IBRD have low interest rates, long loan period, reduce risks for investors the implementation of the project investment, and will limit the required financial support from the state budget. Basically, the Ministry of Transportation supported the plan to mobilize this capital of investors “. Mr. Mai Van Duc added: “As for the belt road project can not arrange capital, state agencies are considered competent and investment phases separated into smaller subprojects to invite investors from”.