On August 1, 2022, Mr. Vu Hong Thanh, Member of the Party Central Committee, Chairman of the National Assembly Economic Committee came to work at the East North-South Expressway project, Cam Lam – Vinh Hao section.
Accompanied by Mr. Le Dinh Tho, Deputy Minister of Transport; leaders of the State Audit and some leaders of related departments and agencies. The delegation surveyed the site of Cam Lam – Vinh Hao project and listened to representatives of investors and contractors to report on project implementation.
The delegation inspects the construction of Nui Vung tunnel
Through the site inspection and investor’s report, Mr. Vu Hong Thanh recognized and appreciated the efforts of investors and contractors during the implementation of Cam Lam – Vinh Hao project. Although the price of materials has increased abnormally over the past time, investors and contractors have taken many measures to overcome difficulties to ensure construction progress.
Mr. Nguyen Tan Dong – Vice Chairman of the Board of Management of Deo Ca Group said that in order to complete and put the project into operation on time, there will still be many difficulties, needing support from the authorities.
Investors propose the National Assembly’s Economic Committee to consider and report to the National Assembly to agree to allow PPP projects to be adjusted in material price in case the construction price index during the project implementation period is larger than the price index to calculate the provision approved investment level, similar to public investment projects. Adding the above content to the project contract, the State does not need to allocate additional capital, this price falling amount will be paid by the investor and the time for toll collection will be adjusted accordingly.
Mr. Vu Hong Thanh highly appreciated the efforts of investors and contractors at Cam Lam – Vinh Hao project
In addition, in the design file of this project, there is no item of rest stop or refueling station, etc. Therefore, the investor has proposed the National Assembly Economic Committee to consult with the Ministry of Transport and assign the investor to build rest stop, refueling station combined with a technical inspection… to ensure the synchronous completion of the project by the end of 2023.
Cam Lam – Vinh Hao expressway is 78.5km long, with a total investment of 8,925 billion VND, invested by Deo Ca Group – 194 joint venture. This is the last project to sign a BOT contract among the three North-South expressway PPP projects, but it is the first project to arrange enough capital and successfully implement. Currently, the whole project has mobilized 1,800 workers and more than 700 machines and equipment for construction work.
By the end of July 2022, the total implementation value reached 1563.61 / 7587 billion VND (equivalent to 20.6 % of the implementation volume) ensuring the progress compared to the plan. Specifically, the segment Km92+260 to Km134+000 implemented by Deo Ca reached 23.13% progress, of which the Nui Vung tunnel section achieved an average progress of about 35%. The Km54 to Km92+260 segment performed by Company 194 achieved 17% of the progress.
The delegation visited and gave gifts to employees working at Nui Vung tunnel
During the implementation of the project, investors encountered many difficulties due to the shortage of soil mines and the increase in material prices. The material mines in design consultancy are practically impossible to exploit. The Investor has actively worked with the authorities to search for alternative material mines, so far basically ensuring the supply for the project. However, due to the outbreak of the Covid-19 epidemic and the Russia-Ukraine war, the prices of fuel and essential materials (cement, iron and steel, gasoline, and explosives…) increased dramatically above the project’s contingencies.
TT