RESOLUTION

INVESTMENT POLICY ON INVESTMENT PROJECT ON CONSTRUCTION OF RING ROAD 3 – HO CHI MINH CITY

NATIONAL ASSEMBLY

Pursuant to the Constitution of the Socialist Republic of Vietnam;

Pursuant to Law No. 39/2019/QH14 on public investment, amended in Law No. 64/2020/QH14, Law No. 72/2020/QH14 and Law No. 03/2022/QH15;

Pursuant to Resolution No. 29/2021/QH15 dated July 28, 2021 of the National Assembly on medium-term public investment plan for 2021 – 2025;

After consideration of Government’s Report No. 206/TTr-CP dated May 23, 2022, Report on explanation for supplementation No. 219/BC-CP dated June, 02 2022 of the Government, Verification Report No. 950/BC-UBKT15 dated June 05, 2022 of the Economic Committee of the National Assembly, Report No. 263/BC-UBTVQH15 dated June 15, 2022 of the Standing Committee of National Assembly on receipt, correction and explanation of the draft Resolution on investment policy on investment project on construction of Ring road 3 – Ho Chi Minh city, relevant documents and remarks of members of the National Assembly;

HEREBY RESOLVES:

...

...

...

Decision on investment policy on investment project on construction of Ring road 3 – Ho Chi Minh city (hereinafter referred to as “the Project”).

Article 2

1. Objectives:

Invest in construction of Ring road 3 – Ho Chi Minh city in order to connect Ho Chi Minh city with Dong Nai province, Binh Duong province, Long An province and other provinces in the region, improve the effectiveness of investment in existing and ongoing projects, create new development space, develop the potential for land use, build sustainable and modern urban system; contribute to the successful implementation of socio-economic development objectives and tasks of Vietnam according to Resolution of the 13^th National Congress of the Communist Party of Vietnam.

2. Scope, scale and form of investment:  

The total length of the road is about 76,34 km divided into 08 component projects in form of public investment. The scale of investment of each component project is determined in the Appendix attached to this Resolution.

3. Technology:

Apply advanced and modern technology to ensure safety, synchronization, quality and effectiveness. Encourage applying high technology to organization of construction and adaptation to climate change. Use ETC systems during operation.

4. Land use demand and plans for compensation, support and relocation:

...

...

...

5. Estimated total investment and capital sources:

The estimated total investment of the Project is 75.378 billion VND

a) State budget capital for the period of 2021 - 2025 is 61.056 billion VND, including:  

- Central government budget capital in medium-term public investment plan for the period of 2021 - 2025 is 31.380 billion VND;  

- Local government budget capital for the period of 2021-2025 is 29.676 billion VND (Ho Chi Minh city: 19.449 billion VND, Dong Nai province: 1.567 billion VND, Binh Duong province: 7.808 billion VND and Long An province: 852 billion VND);

b) State budget capital for the period of 2026 - 2030 is 14.322 billion VND, including:  

- Central government budget capital is 7.361 billion VND;  

- Local government budget capital is 6.961 billion VND (Ho Chi Minh city: 4.562 billion VND, Dong Nai province: 367 billion VND, Binh Duong province: 1.832 billion VND and Long An province: 200 billion VND).

6. Schedule:

...

...

...

Article 3

1. The following special mechanisms and policies shall be applied to development and implementation of the Project:

a) Investment capital:

- After adjustment, the capital in the medium-term public investment plan in the period of 2021 – 2025 is 17.146 billion VND. The Ministry of Transport shall allocate this capital to local authorities to implement the Project (Ho Chi Minh city: 10.627 billion VND; Dong Nai province: 856 billion VND, Binh Duong province: 4.266 billion VND and Long An province: 1.397 billion VND); 

- The increase in total capital of the medium-term investment plan for the period of 2021 – 2015 from estimated increase in revenues of local government budgets is permitted;

- The Government shall direct the Ministry of Transport to take charge and cooperate with the Ministry of Finance, relevant ministries, central and local authorities in development of a plan for recovery of investment capital of the Project (excluding project on construction of parallel roads (urban roads)) to refund to central government budget and local government budget according to the proportion of contribution to investment in the Project (excluding local government budget for investment in parallel roads (urban roads));

b) Implementation:

- Ho Chi Minh City People's Committee is assigned to act as the focal point for implementation of the Project to ensure the comprehensiveness and uniformity of the Project;

- If the investment policy of the Project is adjusted when the National Assembly is in recess, the National Assembly authorizes the Standing Committee of National Assembly to consider and decide;

...

...

...

c) Within 02 years from the date on which this Resolution is approved by the National Assembly, the head of the competent authority may appoint contractors for provision of consultancy services, relocation of technical infrastructure, compensation, support and relocation. The procedure for the contractor appointment shall comply with regulations of the law on bidding;  

d) Within 02 years from the date on which this Resolution is approved by the National Assembly, during implementation of the Project, the construction contractor is not required to obtain the permit for extraction of minerals for use as common building materials for inclusion in the construction material survey dossier to serve the Project. The mineral extraction under this Clause may continue until the Project is completed.  The construction contractor shall be responsible for assessment of environmental impacts; be subject to management and supervision of extraction and use of minerals; pay tax, fees, and implement environmental protection, renovation and restoration as per the law.  

2. The Government shall be responsible to the National Assembly for:

a) Organizing implementation, management and operation of the Project according to this Resolution and regulations of relevant laws; urging, inspecting the local authorities assigned to act as governing bodies and taking responsibility for progress and quality of the Project; managing, using capital and other resources in economical and effective manner and ensuring anti-corruption; directing local authorities to ensure capital source for implementation of the Project;  

b) Directing implementation of this Resolution to ensure correct objectives, transparency and effectiveness, and avoid profiteering the policy, losses and wastefulness; annually reporting implementation of the Project to the National Assembly at meeting at the end of the year; providing full information for people to understand and consent to investment policy and support for implementation of the Project.

3. The local authorities shall be responsible to the Government for assurance about capital source according to regulations of Clause 5 Article 2 of this Resolution; progress of compensation, support and relocation of the Project; progress and quality of the component projects which the local authorities have been assigned to act as governing bodies for implementation.  In case of increase in total investment in the component project, the local authority assigned to act as governing body of such component project shall use its local government budget to cover the increase.  In case of decrease in total investment in the Project, the central government budget that is expected to be allocated for the Project will be decreased accordingly.

Article 4

1. The state audit agency shall, within the scope of its duties and powers, audit implementation of this Resolution.

2. The Standing Committee of National Assembly, Economic Committee, Council for Ethnic Minority Affairs, other Committees of the National Assembly, Delegation of the National Assembly, National Assembly deputies, Vietnam Fatherland Front and its member organizations shall, within the ambit of their duties and powers, supervise the implementation of this Resolution.

...

...

...

CHAIRMAN OF THE NATIONAL ASSEMBLY




Vuong Dinh Hue

APPENDIX

LIST OF COMPONEN PROJECTS UNDER INVESTMENT PROJECT ON CONSTRUCTION OF RING ROAD 3 – HO CHI MINH CITY
(Issued together with Resolution No. 57/2022/QH15 dated June 16, 2022 of the National Assembly)

NO.

Component projects

Expected length (km)

...

...

...

Estimated total investment (billion VND)

Governing body

Quantity of parallel lanes (urban roads) on each side

Class of urban motorway

(km/h)

Quantity of express lanes (Investment phasing)

Class of express motorway

(km/h)

...

...

...

I

Group of component projects on investment in construction

76,34

Investment phasing

33.788

...

...

...

Component project 1: Construction of Ring- Road 3  through Ho Chi Minh city (including Kenh Thay Thuoc bridge)

47,11

2 - 3

60

4

100

22.412

Ho Chi Minh City People's Committee

2

...

...

...

11,26

2

60

4

100

2.584

The People's Committee of Dong Nai province

3

Component project 5: Construction of Ring- Road 3  through Binh Duong province (including intersection of Tan Van and Binh Goi bridge)

...

...

...

2

60

4

100

5.752

The People's Committee of Binh Duong province

4

Component project 7: Construction of Ring- Road 3  through Long An province

6,54

...

...

...

60

4

100

3.040

The People's Committee of Long An province

II

Group of component projects on compensation, support and relocation

76,34

Scope of land expropriation (m)

...

...

...

41.590

5

Component project 2: Compensation, support and relocation of Ring- Road 3  through Ho Chi Minh city

47,51

63-120

25.610

Ho Chi Minh City People's Committee

6

...

...

...

11,26

74,5

1.284

The People's Committee of Dong Nai province

7

Component project 6: Compensation, support and relocation of Ring- Road 3  through Binh Duong province

10,76

74,5

13.528

...

...

...

8

Component project 8: Compensation, support and relocation of Ring- Road 3 through Long An province

6,81

74,5

1.168

The People's Committee of Long An province

Total

...

...

...

Nghị quyết 57/2022/QH15 về chủ trương đầu tư Dự án đầu tư xây dựng đường Vành đai 3 Thành phố Hồ Chí Minh do Quốc hội ban hành