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A series of inadequacies in managing capital at ACV

Saturday - 21/07/2018 23:15
The construction of planning, bidding and supervision of investment quality in airport projects in the period 2012-2016 is more unreasonable.
The Ministry of Transport has just concluded the inspection of the airport corporation in the mobilization, management and use of investment capital. The report said that in the period from March 2012 to December 2016, this corporation has invested in building 85 projects with a total investment of over 42,100 billion. In particular, the value of investment by the State budget is more than 1,420 billion, Government bonds more than 4,200 billion, ODA capital is 12,400 billion, ACV is more than 24,000 billion.

Through inspections showed that the mobilization, management and use of investment sources managed by ACV is still inadequate. Specifically, according to the reporting unit in the period 2011 - 2016, the capital plan is not close to the reality, so some projects disbursement value is larger but also disbursement project is lower than planned. For the project of expanding T2 International Terminal - Tan Son Nhat International Airport, the investment capital of the project will not be arranged in accordance with the approved decision.

In the management of construction investment, ACV also happens to have many problems when surveying, formulating, appraising and approving the project. Specifically, the quality of the survey, preparation, appraisal and approval of some projects is limited, so in the process of implementation must adjust or change compared to the basic design documents, add a number This is happening in the expansion project of T2 International Terminal - Tan Son Nhat Airport.

Specifically, the project approved by ACV investment in 2008 with a total investment of 170 billion. However, in 2012, the new decision is issued, the total adjusted investment is 590 billion. In addition, although the design basis calculated on the basis of the approved planning but not fully predicted passenger flow leads to the forecast of the number of duplication of the future actual value is many times higher than the value design billing. According to the ACV, from July 2013 to July 2016, a landing line totaled 62,100 times, surpassing the previous forecast of 55,100 in 10 years.

The quality of the investment projects, according to inspection agencies, design standards, technical guidelines used mainly in the United States. However, in the course of executing the pre-acceptance test, the investor has approved the adjustment and addition of the list of standards and construction standards in accordance with Vietnamese standards to suit construction conditions. This according to the Ministry of Transport is not suitable, because when the tender has chosen the contractor under the British standard, the United States.

Regarding the planning work, the inspectors conclude that the ACV has not forecasted the growth of passenger and cargo traffic, leading to some airports being overloaded, some of which have not reached their planned capacity. , the content is no longer suitable to the actual exploitation, resulting in the need to adjust the local planning of some ports to meet the actual needs. In addition, although the investment planning under the plan is limited, some projects that have just completed investment have had to upgrade and expand such as the extension project, the rolling road and the parking lot of Pleiku.

According to the inspection agency, the mode of selecting contractors is bidding; however, there are many bidding packages until the time of bidding, there is only one contractor participating or many contractors participating in bidding but only one contractor. When submitting dossiers of technical proposals, investors shall still have the handling documents permitting the bid-opening. The inspection agency said that there is no price competition.

In addition, the conclusion is clear, the planning of airport management by ACV has not predicted the growth rate of passenger and cargo traffic leading to some ports are overloaded, some ports have not reached the public. The planning contents are no longer suitable with the actual exploitation, leading to the adjustment of some ports, which affects the progress of the project.

According to the Inspectorate of the Ministry of Transport, the Da Nang and Cam Ranh airports are under the infrastructure of aviation, which must be invested in the form of public-private partnerships (PPP). The enterprise image is not consistent with the current regulations, contrary to the authority.

Currently, Da Nang, Cam Ranh, Tan Son Nhat and Noi Bai airports are 4 operating areas with profit taking up losses for the majority of other airports. Accordingly, according to the Ministry of Transport, the ACV allowed the investors to operate Da Nang Airport, Cam Ranh will affect the business efficiency of ACV, especially the ability to compensate for losses to other airports. In many projects, the corporation also delayed the collection of overpayments. Bidders and ACVs have not agreed on the methodology and data to adjust the contract value, although many have been put into operation for five years.

ACV is a joint stock company with 95.4% charter capital. Accordingly, according to the inspectorate, with the ACV projects being the investment decision-making level, the investor implementing the project and receiving the project in the exploitation stage may lead to lack of objective. in management of construction investment. In addition to recommendations on the handling of responsibilities of the Civil Aviation Administration of Vietnam, the Department of Planning and Investment and the ACV, the Ministry of Transport requests the Corporation to handle or submit to competent authorities for handling total the amount of money is over 117 billion.

Source: Nguyễn Hà - Vnexpress

 Tags: ACV

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