Be informed of Trung Luong - My Thuan Expressway project will be supported by the state budget of VND 2,186 billion as committed to creating positive reactions on the construction site.
The Standing Committee of the National Assembly has just passed a Resolution on supplementing the State budget revenue estimates and allocating and using the central budget revenue increase source in 2018. Accordingly, adding development investment capital 2019 is 11,973 billion VND to implement important projects and tasks, including Trung Luong - My Thuan Expressway Project (TL-MT project).
Speeding up the progress
"Although the time allocation is quite late compared to the very short remaining to complete the project clearance on December 31, 2020, but with the resolution of the Standing Committee of the National Assembly, we are empowered, have motivation to speed up construction and propose drastic solutions to complete "- Mr. Luu Xuan Thuy, Vice Chairman of TL-MT BOT Joint Stock Company, affirmed.
Currently, bidding packages at Trung Luong - My Thuan Expressway project are being urgently constructed to accelerate progress Photo: GIA MINH
Last week, Mr. Nguyen Huu Tho - Deputy Director of TL-MT Project Management Board, when going to check the wick plug item in XL13 package, there was still a lot of anxiety about capital, lack of sand and materials to covering the load on the roadbed, now breathed out: "We've taken some of the burden ...". Mr. Tho affirmed that this package of XL13 will accelerate construction by 3-4 times and if necessary, to ensure the progress, investors and contractors will mobilize construction machines for 3 shifts, overnight.
Noting in the remaining 21 packages of TL-MT project, investors and contractors were also excited. The packages are actively constructed, always have workers piling, pouring concrete, plugging absorbent wicks ...
According to Mr. Mai Manh Hong (General Director of TL-MT BOT Joint Stock Company), up to now, the whole project has reached 27% of the construction volume, a significant effort in the past 6 months in the project which has been stagnant for 10 years. The entire route has over 50 bridges that to be shape. 40 km of soft ground is being plugged with absorbent wicks, geotextile spreads and loaded sand. This is also a complex item, handling a lot of time, costly to increase the density of wick absorbent and increase the thickness of sand loading layer to suck water out of soft ground for the soil structure be permanent. . "Changing this technical solution is also part of the reason for the change in the total investment of the project because of increasing raw materials to reduce construction time and ensure progress" - Mr. Mai Manh Hong shared .
Not at least "locks" to open
According to the general director of TL-MT BOT Joint Stock Company, the state budget support, although like a key has been inserted into the lock, the problem is there are still many other locks that need keys to open. The "locks" that Mr. Mai Manh Hong mentioned are the bank credit loans (banks) for the project.
Specifically, TL-MT project has a total investment of VND 12,668 billion. In particular, the equity of investors is VND 3,400 billion (equivalent to 32.4% of BOT capital, while the North-South Expressway projects are only 20%); State budget support is 2,186 billion dong; missing 7,082 billion dong that it is expected from banks. In particular, 3 banks including VietinBank, BIDV, Argibank committed minimum funding for the project was VND 5,800 billion. The shortfall was 1,282 billion VND, after many discussions, VPBank finally accepted the sponsorship.
However, Mr. Luu Xuan Thuy said that loans, although the State bank has instructed VietinBank and BIDV, Argibank, and VPBank to actively cooperate, but due to the unified procedures for syndication so how are still waiting for completement. Therefore, up to now has not determined the time for disbursement. "We believe in the support of the banks but to be honest, we are impatient!" - Mr. Luu Xuan Thuy expressed.
In addition to capital, to keep the project on time as promised by the Government to the people of the Mekong Delta, although optimistic, Mr. Luu Xuan Thuy also pointed out many difficulties. That time is very short, only 14 months to be cleared and mandatory until 30-4-2021 to put into operation. Time schedule must be pressed but accompanied by it, the quality of the work must be guaranteed, absolutely must not be sketchy or deceptive, not because of the achievements that race. In addition, the source of materials is also a difficult problem. The Mekong Delta has no available source of rock, which must be transported from other areas, which is not enough finance to mobilize materials, so it is also considered a concern.
For the construction of Trung Luong - My Thuan expressway, the most difficult problem is the weak ground. According to the original design plan, soft ground treatment took 564 days. In order to meet the desired time schedule, the PMU implemented a technical solution, which can increase the investment but shorten nearly a year, which is to increase the density of wick, thick sand layer load ".Assoc.Prof. Dr. TRAN CHUNG (President of VARSI)
Deo Ca Group "what role" at the project?
There are doubts about the role of Deo Ca Group Joint Stock Company (Deo Ca Group) around whether this group is "rushing" into TL-MT project. We asked these questions directly to Mr. Luu Xuan Thuy - Vice Chairman of TL-MT BOT Joint Stock Company, also a Vice Chairman of Deo Ca Group.
. Sir, there is information that Deo Ca Group jumped into this project for buying shares of TL-MT BOT Joint Stock Company?
- Mr. Luu Xuan Thuy: Why do we have to buy when the project is still ongoing investigating during the previous 10 years? The State Audit is also in the second attempt to clarify many contents. We also can not simply buy shares a project that capital is not fixed and there are a lot of disordered to solve? ...
. So why Deo Ca Group participated in this project?
- We are invited by shareholders who are CII and Tuan Loc representing the consortium investors to perform the project management and administration role. Because in fact, our group has successfully solved in projects that the same stagnant disease as TL-MT, especially recently brought the Bac Giang - Lang Son highway project to the finish line after 2 years we joined. It is Deo Ca's experience and ability to work, the way to organize management and professional personnel - through the projects we have completed (such as Deo Ca tunnel, Cu Mong tunnel, Hai Van 2 tunnel, Bac Giang - Lang Son expressway ...) attracted investors from TL-MT project.
Accordingly, we will carry out the representation of the capital contributed by the shareholders to implement the project, and at the same time promote the delayed bidding packages by being frank with the stakeholders when the project has been stagnant for over 10 years.
Deo Ca Group has agreed to buy a 10% stake of CII investor to determine the long-term companion, but the immediate task is not the benefit or trading around but to the community's responsibility, is to develop The project will be successfully implemented with the given milestones: to be cleared the road at the end of 2020 and completed in mid-2021. At that time, the share purchase and sale will comply with the provisions of law.
. Deo Ca Group is implementing some bidding packages here. So is winning the work of another contractor?
- The fact that Deo Ca is involved in a number of bidding packages is to accompany responsibilities and promote the project even in difficult conditions but still to ensure the progress and this is not only our responsibility with the investors in which are also responsible for the 21 million people of the Mekong Delta, responsible for the Government's commitment.
There was information that we forced the competent state management agency (the People's Committee of Tien Giang province) but it was certainly explained so far. Currently, the coordination of Tien Giang province, the Ministry of Transport is very good, from the site clearance, the project related procedures, though very complicated but solved in less than 3 months stated how to work, how to coordinate effectively between us.
Group of Editors
