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

Workers at the smart phone production of Samsung SEVT plant in the northern province of Thai Nguyen

Phone exports create October trade surplus record

Vietnam obtained the highest ever trade surplus of US$2.18 billion in October, nearly double the value in September, thanks to high phone export turnover, according to General Department of Vietnam Custom.
 

Banking-finance

Bitcoin use might face criminal charge in Vietnam

The issue, supply and use of illegal means of payments including Bitcoin and other crypto currencies might face criminal charge according to Item 1, Article 26 of the Penal Code 2015, which has been amended and supplemented in 2017.
 

Economy

State capital investor must divest from 85 SOEs

Leaders of State Capital Investment Corporation (SCIC) has said that the company had withdrawn state capital from 30 of 115 state own enterprises according this year plan, so it had to divest from 85 companies in the rest two months this year.

Self - introduction

Stock market

MoC sells 118.3million of DIG's shares

The Development & Investment Construction (DIG) Corp, said Ministry of Construction (MoC) has registered to sell 118.3 million shares accounting for 49.65 percent of DIG’s total capital within one month starting November 17.