PM cuts toll fees at BOT traffic projects HCMC – Prime Minister Nguyen Xuan Phuc has approved a plan to slash toll fees for trucks weighing 10 tons or higher, and 20- and 40-foot semi-trailers at build-operate-transfer (BOT) road toll stations nationwide, Nguoi Lao Dong newspaper reports. At a Government teleconference on December 28, Minister of Planning and Investment Nguyen Chi Dung delivered a report on implementation of Resolution 35 on business support and development until 2020. Dung noted the Ministries of Transport and Finance have worked together to come up with proposals on slashing toll fees at BOT projects. He said the Government leader has approved a plan to reduce toll fees for trucks of 10-18 tons and 20-foot semi-trailers to VND120,000; and trucks weighing over 18 tons, or carrying a 40-foot container to VND180,000 from the respective VND140,000 and VND200,000. The Transport Ministry has set up an interdisciplinary working group to supervise prices, and reduce unreasonable surcharges on seaborne import and export goods in a bid to slash input costs for enterprises. Minister Dung also said the PM issued a directive banning authorities from inspecting enterprises more than once a year.
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Cau Gie-Ninh Binh toll fee based on journeyBy Minh Duc - The Saigon Times DailyHANOI – Vehicles on Cau Gie-Ninh Binh Expressway will have to pay toll fees, which are calculated based on their journey on the expressway, from this month.The Ministry of Transport and Vietnam Expressway Corporation (VEC) last Saturday opened to traffic the entire 50-kilometer Cau Gie-Ninh Binh Expressway. With six lanes, it helps reduce the duration of the journey from Hanoi to Ninh Binh Province by half, at around 50 minutes.Cau Gie-Ninh Binh is the first expressway of the Red Delta and connects Hanoi with provinces in…... [read more]
The toll collection time of the National Highway 1 bypass in Thanh Hoa City in northern Vietnam is reduced the most, by 20 years and one month, according to the ministry’s Public Private Partnership Investment Project Management Department.The VND822 billion project was originally permitted to collect tolls for a period of 27 years and eight months in its BOT contract. But after the final settlement, the definitive evaluation totals only VND718 billion and the tolling time is cut to seven years and seven months.Other projects whose tolling duration is significantly slashed are the National Highway 10 section between Tan De…... [read more]
VietNamNet Bridge – No transport constructions carried out under the build-transfer-operate (BOT) and build-transfer (BT) mechanisms in Viet Nam have been carried out with bidding, according to the Government Inspectorate. The ministry-level agency on Wednesday announced the results of their inspections of a number of BOT and BT projects in transportation on the Viet Nam Government Portal (chinhphu.vn). Their report pointed out five major shortcomings in the implementation of these projects, with one contractor appointment. The contractors for more than 70 BOT and BT transport projects were appointed by their investor, the Ministry of Transport (MoT), without bidding. Some of…... [read more]
Investors neglect BOT railway projectsle anh Work starts on railway flyovers in central region By Le Anh - The Saigon Times Daily HCMC – Railway projects under the BOT format are unattractive to investors because of huge capital demand, slow capital recovery, and complicated administrative procedures. The Vietnam National Railway Administration has earlier recommended 20 railway projects to be developed under the forms of BOT (build-operate-transfer), BT (build-transfer), and BTO (build-transfer-operate). In early 2010, the list of projects was submitted to the Ministry of Transport. However, so far none of them has been carried out as they are still awaiting…... [read more]
HÀ NỘI — The Ministry of Transport has rejected the proposal to increase toll fee at the Build-Operation-Transfer (BOT) Bắc Thăng Long-Nội Bài toll collection station. After turning down the proposal, the Transport Ministry said on Monday the adjustment of toll fee would be considered when the company completes the project’s financial balances, solves problems related to toll taxes and adjusts the BOT contract of National Highway 2 (the transition section in Vĩnh Yên City of Vĩnh Phúc Province) as per regulations. Previously, the investor, Vietracimex 8 Company, had submited to the ministry a proposal with two options to increase toll…... [read more]
The prime minister just gave birth to specific incentives which were expected to bolster the implementation of National Highway 1 and National Highway 14 expansion projects under the build-operate-transfer (BOT) model. Accordingly, investors of these two important highway projects would benefit from a number of incentives involving BOT transport projects’ execution and management regulated at prime ministerial Document 979/TTg-KTN. For instance, the investors will have the right to collect tolls for recouping their investment capital at a level 3.5 fold higher than that set at Ministry of Finance’s Circular 90/2004/TT-BTC guiding the regime of collection, remittance, management and use of…... [read more]
NA concerned about BOT expressway projectsTu Hoang HANOI - The National Assembly (NA) Economic Committee has expressed concerns over a Government proposal for building eight out of 11 sections of the North-South Expressway under the built-operate-transfer (BOT) format. The committee requested the Government to find ways to solve BOT road investment problems which had been pinpointed in a report by the NA Standing Committee. The Government submitted a plan to build the North-South Expressway in the 2017-2020 period with the cost reduced to over VND118.7 trillion (US$5.23 billion) from VND130.2 trillion proposed in October. Head of the NA Economic Committee Vu Hong Thanh, delivering…... [read more]
HCM CITY — The ministries of Finance and Transport are considering a reduction in toll rates on the HCM City–Trung Luong Expressway, following a request from the HCM City Association of Goods Transport. The toll-station manager, the Cuu Long Infrastructure Investment Development and Management (CIPM) company, had proposed the rates, according to Ngo Huu Loi, head of the Ministry of Finance's Department of Tax Policy. The ministries of Finance and Transport were responsible for setting the toll fees, basing the rate on expenses, including investment and operation costs, as well as time of capital recovery for the project. In a…... [read more]
Key infrastructure including a new road system has been in use and several projects were implemented in 2015. (Source: VNA)Besides 55 trillion VND (2.4 billion USD) from the city's budget, HCM City would mobilise funds from the private business sector in order to improve the infrastructure system, according to the People's Committee. Source: VNA Theo ven.vn... [read more]
The investor of the Ha Noi – Hai Phong Expressway could collect toll fees for 28 years, 8 months, and 27 days, about one year less than originally envisaged.This is one of the conclusions announced by the State Audit Office of Viet Nam (SAV), after auditing the expressway project from October 3, 2016 to December 1, 2016.The 105-km expressway starts from Ha Noi’s Belt Road 3 intersection, passing through Hưng Yen and Hai Duong provinces, and ending at the Dinh Vu seaport in Hai Phòng.The project was undertaken using a Build-Operate-Transfer contract.The project’s cost was first estimated in 2008 and…... [read more]
