In addition to the pilot mechanisms and policies according to Decision No. 1621/QD-TTg dated November 29, 2007 and Decision No.938/QD-TTgdated July 1, 2009 of the Prime Minister, the project was also adjusted to its investment capital structure and supplemented with necessary support mechanisms and policies.

Specifically, the Prime Minister decided to switch to the form of direct State investment in the project with a loan of 200 million USD from the Export-Import Bank of Korea. Regarding the loan of 100 million USD from the German Reconstruction Bank KFW, the Prime Minister assigned the Ministry of Finance to consider the form of conversion or support in accordance with the provisions of the Law on Public Debt Management and related legal provisions.

The State supports the cost of compensation for site clearance and resettlement of the Project (about 3,699 billion VND). The Ministry of Planning and Investment and the Ministry of Finance are responsible for allocating state budget capital in the medium-term public investment plan 2016 - 2020 to support according to regulations.

According to the Decision, Vietnam Infrastructure Development and Financial Investment Corporation (VIDIFI) is allowed to use land use fees and land rent payable from urban areas and industrial parks according to Decision No. 1621/QD-TTg dated November 29, 2007. Specifically, for Gia Lam Urban Area, Hanoi City, comply with the content specified in Point dd, Section 2, Notice No.197/TB-VPCPdated May 12, 2014 of the Government Office. For other Urban Areas and Industrial Parks, VIDIFI works with relevant provinces and cities to have specific plans and report to the Prime Minister for consideration and decision.

Hanoi - Hai Phong expressway

The project enterprise's equity is 3,200 billion VND

The Prime Minister assigned the Vietnam Development Bank (VDB) and VIDIFI to be responsible for finding partners or increasing equity capital in accordance with regulations. In the immediate future, the Prime Minister agreed that the project enterprise's equity capital is 3,200 billion VND.

In addition to the direct State investment and supports mentioned above, VDB and VIDIFI are responsible for mobilizing other legal capital sources to implement the Project, including financial balance for the first 5 years of project operation.

The Prime Minister requested VIDIFI to strictly comply with the provisions of law on construction investment and relevant regulations to put the project into use, ensuring construction quality and investment efficiency.

Hanoi - Hai Phong expressway project is invested by VIDIFI in the form of Build - Operate - Transfer contract. The Hanoi - Hai Phong expressway has a total length of 105.5 km with the starting point located on Ring Road 3 of Hanoi passing through the provinces and cities of Hanoi, Hung Yen, Hai Duong, Hai Phong and the end point of the road is Dinh Vu dam (in Hai An district, Hai Phong).

The road is designed according to Class A highway standards with 6 different level intersections at the intersection with national highways. The route has 9 large bridges, 21 medium bridges, 22 overpasses with a total bridge length of about 11km. 124 underground sewers and overpasses for people's lives.

Design car speed reaches 120km/h. The average cross-section is 100 m, the road surface is 33 m wide with 6 lanes, 2 emergency stop lanes, a median strip, green strips on both sides of the road, and frontage roads at necessary locations...

Source:Vietnamplus.vn