HCMC to build three nonstop BOT tollbooths

SGGP
The HCMC People’s Committee has approved electronic toll collection projects at three BOT (Build-Operate-Transfer) tollbooths in An Suong-An Lac stretch in National Highway 1A, Phu My Bridge and Hanoi Highway.
 
Capital will be raised from investors’ equity and mobilized sources. They will be implemented in the phase of 2017-2018 with capital withdrawal mechanism basing on BOT contracts.
The three projects aim to reduce traffic jam, improve traffic in the stations’ area, save energy and reduce pollution as vehicles will no longer have to wait to go through the stations.
They will also increase exploitation quality of Vo Chi Cong, Hanoi Highway and National Highway 1A as well as speed up non cash payment method to suit smart traffic development direction.

By T.VAN – Translated by Hai Mien

Other news

Most view

A new residential area in District 7, HCMC (Photo: SGGP)

Special mechanisms require HCMC to be more dynamic: Council Chairwoman

The NA's recently approved resolution on piloting special mechanisms for HCMC would create a motive power for development. However it is not a wand able to solve all current issues in the city but a challenge forcing the city to be more dynamic to overcome stagnations, said Chairwoman of the city People’s Council Nguyen Thi Quyet Tam.