Real Estate Newsletter on 11/6/2023

Secretary of Hanoi Dinh Tien Dung: On June 25, the construction of Belt 4 of Hanoi capital began

On June 11, Secretary of the Hanoi Party Committee Dinh Tien Dung said that the Prime Minister had recently agreed to start the construction of the Belt 4 – Hanoi Capital Belt project on June 25.

This is an important national project, which the National Assembly decided on investment policy in Resolution No. 56/2022/QH15. The route has a total length of about 112.8km, the total project investment is 85,813 billion VND.

The state budget for the 2021-2025 period is VND 41,860 billion, including more than VND 19,380 billion from the central budget in the medium-term public investment plan for the 2021-2025 period. The capital from the local budget is more than 22,470 billion VND (more than 19,470 in Hanoi; 1,000 in Hung Yen; 2,000 in Bac Ninh).

The state budget in the period 2026-2030 is more than 14,500 billion VND, including 8,790 billion VND from the central budget; the local budget capital is more than 5,710 billion VND. Capital arranged by investors is more than VND 29,440 billion.

The investment preparation project, implemented from 2022, is expected to be basically completed in 2026 and put into operation from 2027.

To serve the construction, according to the Hanoi Traffic Construction Investment Project Management Board, it is expected that in June 2023, 80% of the site will be handed over to start the project, 100% of the site will be handed over. before December 31, 2023.

The latest updated progress shows that, in Hanoi, as of May 30, the project has approved and recovered 537,270/798,043ha of land, reaching 67.32% (Soc Son district 46/48). 23ha; Me Linh district 114.3/145.66ha; Dan Phuong district 30.73/74.8ha; Hoai Duc district 138.3/239.63ha; Ha Dong district 51.14/68.25ha; Thanh Oai district 59 ,31/86.94ha; Thuong Tin district 97.49/134.54ha).

The total amount approved in the area is 4,286 billion VND. In which, Soc Son district 229 billion; Me Linh district 569 billion VND; Dan Phuong district 348.45 billion VND; Hoai Duc district 1,436.1 billion VND; Ha Dong district 671.1 billion VND; Thanh Oai district 374.53 billion VND; Thuong Tin district 602.3 billion VND.

It was revealed that enterprises want to spend 7,500 billion VND as a cross-border conveyor to bring coal from Laos to Vietnam

In early June 2023, Quang Tri province sent a document to the Government proposing the construction of a 160km long conveyor belt to transport coal from the two provinces of Sekong and Salavan of Laos to My Thuy seaport to serve the transshipment demand. and export.

Quang Tri assesses that Vietnam’s coal import demand has increased, but the infrastructure of La Lay border gate in Dakrong district has not been met, causing traffic congestion and businesses losing opportunities to increase output.

Quang Tri proposes to invest in the construction of a dedicated port and a conveyor belt carrying coal from La Lay border gate to the seaport of Quang Tri province. Receiving capacity 30,000,000 tons/year; construction of a conveyor belt transporting coal from La Lay border gate to the port, with a transportation capacity of 30,000,000 tons/year.

In which, the Laos side is 85km long from the coal mine to La Lay border gate, the Vietnamese side is 75km long from the border gate to the seaport. Total investment for the segment in Vietnam is expected to be 10,800 billion VND. In the immediate future, the investor will build a conveyor belt 5km long, with a capacity of 6,000 tons/hour at La Lay international border gate, across the border between Vietnam and Laos.

Quang Tri Provincial People’s Committee proposed the Prime Minister to agree on the policy of building warehouses and conveyors in La Lay border area; assigned Quang Tri province to coordinate with Salavan province of Laos to design and construct.

On June 9, 2023, Central Capital Investment Company Limited (Central Capital) had a meeting with leaders of the People’s Committee of Quang Tri province to propose permission to survey and set up project investment.

According to the proposal from Central Capital, the enterprise wants to build a port with a scale of about 100ha; Construction of closed, floating conveyors on beams, overhead steel trusses, overpasses or tunnels through mountains. The starting point of the route is at the gathering area near Lalay border gate, the end point of the route is at the port in the coastal area of ​​Quang Tri. The length of the whole route is about 70km. Conveyor width 6.0m. Operated by mains power. (Including conveyor and overhead transport). 

Total project investment is about 7,500 billion VND, with investment capital of enterprises and other legal sources of contract mobilization. The implementation period is from 2023 to 2026.

It is known that Central Capital Investment Co., Ltd. has its head office located on the 1st floor, CT1 building, Me Tri Thuong urban area, Me Tri ward, Nam Tu Liem district, Hanoi. The business was established at the end of 2018 by 3 founding shareholders: Ms. Tran Thi Diu Hoa (30% share), Mr. Vu Duc Toan (40%) and Mr. Le Thanh Tuan (30%). Central Capital’s main registered business is real estate.