PLANNING OF QUY NHON – GIA LAI – LE THANH EXPRESSWAY

Gia Lai province has also proposed the most optimal options and is in the process of deciding on the final option.

On July 29, Gia Lai Department of Transport sent a document to the Ministry of Transport regarding the review and update of the proposed investment plan for the construction of the Quy Nhon - Pleiku expressway.

Accordingly, the Department of Transport of Gia Lai proposed that the Ministry of Transport consider reporting to the Prime Minister for approval to invest in the Quy Nhon - Pleiku expressway in the form of public investment. The project starts at the intersection with National Highway 19B (about Km39 + 200) in Nhon My commune, An Nhon town, Binh Dinh province; and ends at the intersection with Ho Chi Minh road (National Highway 14), in Pleiku city, Gia Lai province with a total route length of 122.9 km. The Department of Transport of Gia Lai proposed to invest in the project according to the planning scale of 4 lanes, with a total estimated investment of about 37,621 billion VND. It is expected that the project will be prepared for investment from 2024 - 2025; basic construction will be completed before 2030.

Regarding implementation, Gia Lai Department of Transport proposed that the Ministry of Transport be the competent authority to implement the project; the People's Committee of each province shall carry out site clearance work according to administrative boundaries.

Also in the document sent to the Ministry of Transport, the Gia Lai Department of Transport said that it had coordinated with the Binh Dinh Department of Transport and the Binh Dinh Provincial Transport Project Management Board to review the contents consulted by the functional units of the Ministry of Transport.

After reviewing and researching, the route through Binh Dinh province has some adjustments in terms of starting point and route direction to suit the planning of communes and wards, ensuring space for urban development, inner and outer areas of An Nhon town.

Specifically, the length of the route through Binh Dinh province is about 37.3 km (a reduction of about 20.2 km), passing through An Nhon town (Nhon My commune) and Tay Son district (Tay An, Tay Binh, Binh Hoa, Binh Thanh, Binh Tuong and Tay Giang communes).

Regarding the adjusted interchange, on the route through Binh Dinh province, it is planned to arrange 3 interchanges, including the interchange with National Highway 19B (approximately Km39 + 200) (Nhon My commune, An Nhon town); the interchange with the North-South expressway in the East (Tay An commune, Tay Son district) and the interchange with National Highway 19 (Binh Tuong commune, Tay Son district).

The Project is expected to be divided into 3 sections: Section 1 starts from the starting point (Km0 + 000) to An Khe tunnel (Km39 + 300), 39.3 km long, located entirely in Binh Dinh province; Section 2 starts from An Khe tunnel (Km39 + 300) to the end of Mang Yang tunnel (Km79 + 700), about 40 km long, located entirely in Gia Lai province; Section 3 starts from Km9 + 00 to the end of the route (Km122 + 900), about 43.2 km long, located entirely in Gia Lai province.

PLANNING OF HIGHWAYS THROUGH THE AREA BINH DINH PROVINCE

The results of research and preliminary calculations of the Project's financial plan show that, with the scenario of the maximum state support capital of 50% of total investment as prescribed by the PPP Law, the Project does not ensure financial efficiency as prescribed.

In case the Project is financially efficient and the payback period is expected to be less than 20 years, if divided into component projects, the State capital needed to support the Project will be from 75% to 85%.

However, this level of support capital is very large, not effective when investing under the PPP method and the policy of state capital plays the role of "seed capital" to attract socialized capital sources to participate in infrastructure investment; at the same time, it is necessary to develop a special mechanism different from the provisions of the PPP Law.

Besides, the implementation of investment projects under the PPP method in the current context cannot be confirmed to be successful because it still depends on the market, especially the ability to mobilize loans from credit institutions.

Referring to the Khanh Hoa - Buon Ma Thuot Expressway Project Phase 1, which is currently being implemented in the form of public investment, during the initial implementation process, the Ministry of Transport also studied investment in the form of public-private partnership, but in order for the Project to be financially efficient and have a payback period of 22 years, 18 years and 15 years, the amount of State capital needed to support the Project accounts for 82% to 87% of the total investment.

Survey data also shows that the traffic volume of the Quy Nhon – Pleiku Expressway Project is only about 60 – 75% compared to the traffic volume surveyed at the Khanh Hoa – Buon Ma Thuot Expressway Project, so investment in the form of PPP is ineffective and difficult to implement.

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