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The Government wants to present a proposal to the National Assembly for approval of the adjustment of the investment method for 8-component projects on the North-South highway from BOT to public investment.
This issue was raised at a meeting to verify the Government’s report on adjusting the investment mode for 8 projects on the North-South Highway organized by the Economic Committee of the National Assembly on the afternoon of May 14. This is the content that will be presented urgently, included in the endorsement work program of the Standing Committee of the National Assembly 45. If the verification round is approved, this content will be sent to the Standing Committee for comment in the afternoon. Saturday afternoon, May 16.
On behalf of the Government to present the proposal, the Transport Minister Nguyen Van The stated many reasons to consider and decide to adjust the investment policy of some high-speed road construction projects in the North: Southeast in the period of 2017-2020 of public-private partnership (PPP) investment using part of public investment capital to use 100% of public investment capital, emphasizing the difficulty in resources. Credits can be obtained for the project.
“Can the State Bank order commercial banks to lend capital to BOT projects? Please no. We have already worked with the State Bank and the answer is not to direct these banks. In addition, the State Bank has just reported that the source of capital is very difficult, BOT bad debt is very large ”- presented Mr. Can.
The decisive difficulty to change the mode of investment in these 8 projects, according to Minister The, 7 projects with 2 or more investors pass the prequalification are contractors, not large corporations. The contractor is strong in construction and capital is very difficult.
Concerned about the matter raised by the Minister of Transport, the Chairman of the Economic Committee Vu Hong Thanh asked questions, how to deal with the consequences when investors selected 7/8 projects through prequalification?
Mr. Thanh also stated the point of view, regarding the financial plan, when converting these 8 projects into public investment, the State needs to allocate 44.493 million additional VND.
The government said it had ordered the Ministry of Transportation to take primary responsibility and coordinate with the Ministry of Planning and Investment and the Ministry of Finance to balance and allocate money in the medium-term public investment plan for the period 2021-2025. of the Ministry of Transport. The Government will direct and synthesize in the country’s medium-term public investment plan for the period 2021-2025, will inform the National Assembly for its consideration and decision in accordance with the provisions of the Public Investment Law.
However, the President of the Economic Committee was not yet insured, he was asked to clarify the mechanism to handle this large sum of money because the XIV National Assembly only “handled” the amount of money for 2021 and the money for the period 2021 to 2026. This National Assembly cannot handle it. Not to mention that this year, the state budget is likely to have no revenue.
Sharing this concern, the vice chair of the External Relations Committee, Nguyen Manh Tien, said the figure indicates that there are 13/14 members of the Evaluation Committee said there is a basis for allocating public investment capital for 8 projects and adjustment. The proposed investment mode is feasible, but the only member who has no idea is the leader of the Ministry of Finance, the funding agency.
Mr. Tien asked the Ministry of Finance to issue an official opinion on this matter.
Affirming that they want to support the Government’s proposal, the member of the Standing Committee of the Economic Committee Do Van Sinh said that the information presented is not convincing enough.
Regarding the difficulty of loans for these projects, Mr. Sinh reiterated: “In 2017, when inspecting and presenting to the National Assembly for the decision on the investment policy of the North-South Highway, the Economic Committee has proposed the problem. The risks of obtaining loans will face many difficulties. At that time, the Government presented it very well, so the National Assembly decided that these 8 projects would be executed under PPP investment. What do you think now? “
Furthermore, the reason for the difficulties with these projects is that due to the impact of the Covid-19 epidemic, adjustments are imperative, and the review opinions are not convincing enough.
Thai anh
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