study on economic partnership projects

More documents

Recommendations

Info

(2) Financial Investment Cost Financial investment costs for the Project expressway are shown in Table 5-14 below while the disbursement schedule is already given in the previous section, together with the economic costs. Source: Study Team Table 5-14 Financial Investment Cost (2010 Prices) Year Financial Cost 2011 2012 2013 2014 2015 2016 (3) Toll Rates and Revenue (a) Toll Rate of Expressway 5-11 16.45 29.57 121.98 194.61 198.51 119.85 Total 680.97 Unit: Million USD Toll rate is one of the variables of traffic demand forecast. The same basic toll rate as shown in Table 5-15 was adopted in this financial analysis to ensure consistency with traffic demand forecast. Basic toll rate is based on Circular No. 90/2004/TT-BTC from ministry of finance same as traffic demand forecast basic condition. Source: Study Team (b) Toll Revenues Table 5-15 Toll Rate Expressway toll VND/KM USD/KM VND USD car 1280 0.065641026 small truck 1920 0.098461538 medium-big truck 3200 0.164102564 2-Axis 2560 0.131282051 3-Axis 3200 0.164102564 4-Axis or more 3840 0.196923077 Toll revenues were calculated as follows: Toll Revenues = (Constant Basic Toll Rate) x (Traffic Demand of Base Case) Unit: VND/km
(4) Financial Return of Total Investment Based on the financial cost and toll revenues estimated above, financial return indicated by the financial internal rate of return (FIRR) was confirmed for the four cases as shown in Table 5-16 below. Source: Study Team (5) Conclusion Table 5-16 FIRR Calculation FIRR calculation (US$ Million @ 2010 prices) Year Out Flow In Flow Cashflow InvestimentO/M Sub total Toll Revenues Sub Total for Analysis 2010 18.23 18.23 0.00 0.00 -18.23 2011 31.36 31.36 0.00 0.00 -31.36 2012 132.44 132.44 0.00 0.00 -132.44 2013 214.78 214.78 0.00 0.00 -214.78 2014 220.06 220.06 0.00 0.00 -220.06 2015 132.08 132.08 0.00 0.00 -132.08 2016 12.53 12.53 27.93 27.93 15.40 2017 2.09 2.09 28.50 28.50 26.41 2018 2.09 2.09 29.06 29.06 26.97 2019 2.09 2.09 29.63 29.63 27.54 2020 2.09 2.09 30.19 30.19 28.10 2021 2.09 2.09 32.42 32.42 30.33 2022 2.09 2.09 34.65 34.65 32.56 2023 2.09 2.09 36.88 36.88 34.79 2024 2.09 2.09 39.10 39.10 37.02 2025 2.09 2.09 41.33 41.33 39.24 2026 12.53 12.53 43.56 43.56 31.03 2027 2.09 2.09 45.79 45.79 43.70 2028 2.09 2.09 48.02 48.02 45.93 2029 2.09 2.09 50.25 50.25 48.16 2030 2.09 2.09 52.48 52.48 50.39 2031 2.09 2.09 53.87 53.87 51.78 2032 2.09 2.09 55.27 55.27 53.18 2033 2.09 2.09 56.66 56.66 54.57 2034 2.09 2.09 58.05 58.05 55.97 2035 2.09 2.09 59.45 59.45 57.36 2036 12.53 12.53 60.84 60.84 48.31 2037 2.09 2.09 62.24 62.24 60.15 2038 2.09 2.09 63.63 63.63 61.54 2039 2.09 2.09 65.02 65.02 62.94 2040 2.09 2.09 66.42 66.42 64.33 2041 2.09 2.09 67.81 67.81 65.72 2042 2.09 2.09 69.21 69.21 67.12 2043 2.09 2.09 67.42 67.42 65.33 2044 2.09 2.09 68.81 68.81 66.72 2045 12.53 12.53 70.21 70.21 57.68 5-12 FIRR 3.45% It is noted that an FIRR of 3.45% is not enough to attract private sector participation in this Project under a BOT or PPP scheme. Although financial return is not so high, this Project will be economically feasible and will generate great economic impacts. Thus, it should be implemented under public investment scheme.
Page 1 and 2:
STUDY ON ECONOMIC PARTNERSHIP PROJE
Page 3 and 4:
PREFACE This Report is prepared by
Page 5 and 6:
1 2 3 NH30 Tien Giang Trung Luong -
Page 7 and 8:
MOT Ministry of Transport MPI Minis
Page 9 and 10:
(4) Implementation Program (I/P) to
Page 11 and 12:
4.3 Environmental Legislations ....
Page 13 and 14:
APPENDIX Appendix-I Drawings Append
Page 15 and 16:
Figure 3-27 Steel Arch Bridge .....
Page 17 and 18:
LIST OF TABLES Table 1-1 Balance of
Page 19 and 20:
Table 5-16 FIRR Calculation .......
Page 21 and 22:
1.2 Transport Sector in Vietnam 1.2
Page 23 and 24:
North-South - Hanoi - HCMC Ring Roa
Page 25 and 26:
Railway are listed as projects to b
Page 27 and 28:
(2) Pre-F/S for Planning of Ho Chi
Page 29 and 30:
No. Table 1-6 Ethnicity 1-10 Kinh (
Page 31 and 32:
Table 1-7 Temperature Month 1 2 3 4
Page 33 and 34:
Table 1-10 List of Industrial Devel
Page 35 and 36:
Table 1-11 and Figure 1-4 show the
Page 37 and 38:
Mekong Delta is divided by the Tien
Page 39 and 40:
CHAPTER 2 STUDY METHOD 2.1 Scope of
Page 41 and 42:
4 Nguyen Anh Duc Cost Estimator TED
Page 43 and 44:
(b) Establish Appropriate Communica
Page 45 and 46:
Information interface among each ex
Page 47 and 48:
(Works in Vietnam) 1st Work in Viet
Page 49 and 50:
Table 2-5 Record of Major Meetings
Page 51 and 52:
NH No.30 Tien Giang River NH No.80
Page 53 and 54:
3.2 Study Required for Decision on
Page 55 and 56:
3.2.2 Traffic Demand Forecast (1) A
Page 57 and 58:
My Thuan 2nd My Thuan bridge Can Th
Page 59 and 60:
(b) Vehicle Composition by Survey S
Page 61 and 62:
(4) Producing Present OD Matrices (
Page 63 and 64:
9.00 8.00 7.00 6.00 5.00 4.00 3.00
Page 65 and 66:
Source: Study Team Truck Traffic/da
Page 67 and 68:
3.2.3 Natural Conditions Survey (1)
Page 69 and 70:
To Trung Luong To Can Tho Source: R
Page 71 and 72:
Source: Study Team Figure 3-16 Bori
Page 73 and 74:
(3) Hydrological Survey In My Tho,
Page 75 and 76:
Table 3-12 Water level of the Tien
Page 77 and 78:
Month Levels I II III IV V VI VII V
Page 79 and 80:
Source: Inspection and Maintenance
Page 81 and 82:
Source: Study Team Note: Upstream i
Page 83 and 84:
Source: TEDI Figure 3-23 Bathymetri
Page 85 and 86:
2. Suspension Bridge: Before the de
Page 87 and 88:
Source: Study Team Source: Study Te
Page 89 and 90:
The bridge type comparison based on
Page 91 and 92:
Source: Study Team Figure 3-32 Side
Page 93 and 94:
Table 3-19 Quantities and Construct
Page 95 and 96:
Source: Study team Figure 3-35 Gene
Page 97 and 98:
Source: Study Team Figure 3-37 Gene
Page 99 and 100:
Source: Study Team Figure 3-39 Pers
Page 101 and 102:
Table 3-21 Traffic Demand and Requi
Page 103 and 104:
PCU/hour 7000 6500 6000 5500 5000 4
Page 105 and 106:
Grade (%) Table 3-24 Study of Criti
Page 107 and 108:
sides, hence, 5.5 m in total. The f
Page 109 and 110:
Cross section of two-lane ramp: Car
Page 111 and 112:
3 cm: Roughening asphalt to make fr
Page 113 and 114: Source: Study Team Figure 3-49 Traf
Page 115 and 116: Table 3-33 Status of Adjacent Expre
Page 117 and 118: However, it was proposed to cancel
Page 119 and 120: iii) Sand Drain (SD) Sand drain is
Page 121 and 122: Source: Study Team Figure 3-56 Cons
Page 123 and 124: Source: Study Team (2) Foundation P
Page 125 and 126: Source: Study Team Source: Study Te
Page 127 and 128: (c) Cement Source: Study Team Figur
Page 129 and 130: (6) Construction Schedule The total
Page 131 and 132: 4. Emergency Management 5. Patrols
Page 133 and 134: (3) Maintenance of Road Road mainte
Page 135 and 136: No. Total Area (ha) Residential Lan
Page 137 and 138: No. Poor Households (income less th
Page 139 and 140: The rate of grid connection is 100%
Page 141 and 142: Pollution 4.2 Positive Effects From
Page 143 and 144: Social Environment Resettlement B L
Page 145 and 146: Finalized Route Table 4-17 Number o
Page 147 and 148: No. Affected People (AP): APs are t
Page 149 and 150: 10 Vibration Emitted from Road in P
Page 151 and 152: which is required to be implemented
Page 153 and 154: 4.4 Actions Taken by Project Propon
Page 155 and 156: Source: Study Team (3) Construction
Page 157 and 158: (d) Price variation The following p
Page 159 and 160: 5.2 Economic and Financial Analyses
Page 161 and 162: Source: Study Team (4) Economic Eva
Page 163: (c) Sensitivity Analysis Source: St
Page 167 and 168: (1) Alternative No. 1: One Package
Page 169 and 170: Table 6-2 Comparison among Alternat
Page 171 and 172: Event/ Milestone Time/ Period Excha
Page 173 and 174: Table 6-4 Anticipated Measures Agai
Page 175 and 176: PMU My Thuan is a state agency whic
Page 177 and 178: In this preparation stage of the pr
Page 179 and 180: CHAPTER 8 TECHNOLOGICAL ADVANTAGES
Page 181 and 182: cast-in-place piles. Such equipment
show all

study on economic partnership projects

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?