π Tender Overview
Continuing the First Extraordinary Session, on the morning of August 6, the National Assembly heard Minister of Construction Tran Hong Minh, authorized by the Prime Minister, present a Proposal on adjusting the investment policy of the Lao Cai - Hanoi - Hai Phong railway construction investment project. Download Minister of Construction Tran Hong Minh presented the Proposal at the Meeting - Photo: VGP/Nhat Bac According to the Proposal, the Government proposed to add a section of Yen Vien - Gia Lam line about 8.4 km long, and at the same time add 2 connecting branches from 2 existing railway lines to the stations of the Lao Cai - Hanoi - Hai Phong line. After adjustment, the preliminary total investment of the project is 289,000 billion VND, an increase of more than 86,000 billion compared to the preliminary total investment approved by the National Assembly. Regarding scope, the project has a starting point at the cross-border railway connection location in Lao Cai province, and an ending point at South Hai Phong station. The main route is about 362.9 km long, branch routes are about 62.9 km long, passing through 6 provinces and cities including: Lao Cai, Phu Tho, Hanoi, Bac Ninh, Hung Yen and Hai Phong. According to the new plan, the project invests in a single line from Lao Cai station to Bac Hong station; double track from Bac Hong station to South Hai Phong station and Yen Vien - Gia Lam section; Uses 1,435 mm track gauge, operates jointly for passengers and cargo. The maximum design speed is 160 km/h. The main line section from Lao Cai station to South Hai Phong station has a design speed of 120 km/h for the section passing through the Hanoi city hub area, and a design speed of 80 km/h for the remaining sections. The technology applied is railway technology running on rails, electrification for the main line and the branch connecting Yen Vien - Gia Lam. Branch lines connecting the seaport use diesel locomotives and will be converted to clean energy in the future. Preliminary total land use demand is about 2,075.4 hectares. In particular, the Government proposes to adjust the progress of preparing a feasibility study report from 2025, striving to complete the project by 2030. The branch line connecting Nam Hai Phong station with Nam Do Son station in the project is deployed synchronously with the progress of Nam Do Son wharf area. City Peoples Committee. Hai Phong is responsible for mobilizing resources and ensuring investment efficiency. The Ministry of Construction organizes the implementation of this branch line, ensuring progress, avoiding loss and waste. It is necessary to carefully review capital sources, progress and investment efficiency. Presenting the verification report, Chairman of the Economic and Financial Committee Phan Van Mai said that the Committee found that the investment project to build the Lao Cai - Hanoi - Hai Phong railway line is an important national project whose investment policy has been decided by the National Assembly in Resolution No. 187/2025/QH15. Based on new factors in terrain, geology, planning, transportation needs and connection plans, the Government has proposed to adjust the scope, scale, technology, preliminary total investment and a number of related contents. The Economic and Finance Committee finds that the submission to the National Assembly for consideration of the adjustment decision is well-founded and within its authority, and that the basic documents meet the requirements. However, it is requested that the Government continue to review the consistency and take responsibility for the completeness, accuracy and honesty of the documents. Regarding planning, investment scale and technology, the Economic and Finance Committee assessed that the basic adjustment is consistent with the strategic infrastructure development orientation and Lao Cai-Hanoi-Hai Phong economic corridor; Accordingly, it is recommended to continue reviewing the synchronization with local planning, land use planning and railway, seaport and logistics systems; Supplement a preliminary assessment of environmental impacts corresponding to the scope and scale after adjustment. For investment in completing the double track immediately in the period 2026-2030, it is proposed to supplement data and methods to determine the overload threshold of the North Hong-South Hai Phong section as a basis for the additional cost of 22,814 billion VND. Regarding total investment, capital source and investment efficiency: Preliminary total investment proposed to be adjusted from 203,231 billion VND to 289,333 billion VND, an increase of 86,108 billion VND, equivalent to 42.4%. The Economic and Finance Committee proposed clarifying classification criteria, reasons for capital increase, volume control, unit prices, technical standards and cost management. There are suggestions to continue reviewing consulting, training, and procurement to avoid duplicating funding sources. The capital need for the period 2026-2030 is about 224,586 billion VND, while the new plan allocates 148,478 billion VND, leaving a shortage of 76,108 billion VND. Estimated loan capital is 179,737 billion VND. The Committee proposed to develop a capital allocation plan suitable to the ability to balance the budget and medium-term public investment, ensuring public debt safety and debt repayment ability. In case of not arranging enough loan capital, there must be a solution plan and periodically report to the National Assembly. The Economic and Financial Committee also proposed to clarify financial efficiency, revenue plans, operating costs, maintenance and compensation. Not only evaluating socio-economic efficiency but also determining the ability to recover capital, repay debt and exploit efficiency of each branch route. Regarding land, progress and implementation organization, the Economic and Financial Committee believes that the goal of completing the project by 2030 at the latest is very difficult. It is recommend