Transport Ministry reduces toll fees of 35 BOT projects

SGGP
The Ministry of Transport yesterday said it had negotiated with investors to reduce toll fees of 35 projects built under BOT (Build-Operate-Transfer) form.

A BOT toll station

A BOT toll station

Twenty seven projects charge toll lower than average level while 11 other projects have yet to reduce the fee because of vehicular traffic is lower than investors’ financial plans.
Especially, the ministry has negotiated to strike balances of 51 BOT projects, change toll levels of 23 projects and financial plans of 28 others toward lowering toll.
The ministry has required authorized agencies to continue adjusting Circular 35 to solve problems at toll stations and change toll levels to suit the real situation of BOT projects under implementation.
The ministry also assigned projects’ management board to prompt investors to draw balance sheets to recalculate financial plans and reduce service prices.

By BICH QUYEN – Translated by Hai Mien

Other news

Most view

Banking-finance

Economy

Self - introduction

Stock market

SMC buys 2mln shares of Nam Kim Steel

SMC Investment & Trading JSC (SMC)'s shareholders have approved plan to buy 2 million shares of Nam Kim Steel Corp (NKG), priced at VND 27,000 per share in September.