The Ministry of Transport and the Ministry of Finance have proposed the Prime Minister to reduce road toll rate by 10-20 percent at 29 tollbooths across the country.
|A tollbooth in Hanoi Highway (Photo: SGGP)|
The toll cut proposal based on project implementation costs lower than estimates, the ministries said. If it is approved, toll reduction will start from August 1, 2016.
Previously, the Government assigned the two ministries to review and estimate road toll levels and BOT (Build-Operate-Transfer) fees.
The move aims to rationalize toll rates and help businesses especially those from transport service field reduce costs in accordance with Resolution 35 on business assistance and development.