This is an amount in the budget of more than 5,000 billion VND that the competent State agency has committed to participate in Deo Ca tunnel project.
Deo Ca road tunnel
The Ministry of Planning and Investment has just issued Official Letter No. 6682/BKHDT-KCHTĐT to the Ministry of Finance, the Ministry of Justice, and the Ministry of Transport (MOT) on Deo Ca tunnel BOT project.
Accordingly, the Ministry of Planning and Investment proposed these ministries agree on the handling plan of the Ministry of Planning and Investment to report to the Prime Minister to consider the decision of allocating state capital in the medium-term investment plan period of 2021 - 2025 for the Deo Ca tunnel project.
Previously, the Government Office issued Official Letter No. 5935/VPCP-CN dated 9/9/2022 informing the direction of Deputy Prime Minister Le Minh Khai on assigning the Ministry of Planning and Investment to assume the prime responsibility for, and coordinate with the Ministry of Planning and Investment, the Ministry of Finance, the Ministry of Justice, the MOT and relevant agencies to urgently consider the proposal of the MOT in Document No. 8869/BGTVT – ĐTCT dated August 26, 2022 on the allocation of state capital in the medium-term plan of public investment in the 2021 - 2025 period for the Deo Ca tunnel project.
In Official Dispatch No. 6682, the Ministry of Planning and Investment said that this capital of 1,180 billion VND is among the total capital of 5,048 billion VND approved by the National Assembly in Resolution No. 65/2013/QH13; approved by the Prime Minister in Document No. 70/TTg-KTNN dated January 12, 2016 and Document No. 112/TTg-KTN dated January 23, 2017; approved by the MOT on Decision No. 3107/QD-BGTVT and adjusted the financial plan in Decision No. 400/QD-BGTVT; the competent authority (the MOT) signed a project contract with the investor.
The Ministry of Planning and Investment said that the allocation of capital of 1,180 billion VND to support the project is consistent with the current regulations on public investment under the PPP method; The investment policy has been approved by the Prime Minister and is included in the financial plan approved by the competent authority.
At the same time, the allocation of capital of 1,180 billion VND will ensure the financial efficiency of the project according to contract signed between the Ministry of Transport and the investor.
“On the proposal of the MOT and to ensure the financial plan, and at the same time promote the disbursement of public investment capital, the Ministry of Planning and Investment proposed the three ministries to agree on a plan to propose the Prime Minister to approve the allocation of 1,180 billion VND in the public investment plan for the period of 2021-2025 of the MOT", the official dispatch No. 6682 of the Ministry of Planning and Investment stated.
It is known that the Deo Ca BOT project (including Deo Ca tunnel, Co Ma tunnel, Cu Mong tunnel and Hai Van tunnel) is a national key work, playing an important role in the development socio-economic, national defense and security assurance in the central provinces and the Central Highlands.
Up to now, all works under the project have been completed by the investor in accordance with the commitments in the contract, ensuring safety and quality.
However, the Project is facing many difficulties and obstacles which greatly affect the financial plan such as the delay in allocating 1,180 billion VND of state budget capital; mechanism of toll collection station at La Son - Tuy Loan station) has not been completely resolved, negatively affecting funding for operation and maintenance of tunnels and plans to repay bank loans under signed contracts.
BY Anh Minh
