BOT projects

Update news BOT projects

Clarity needed to lure investors in BOT projects

Nguyen Danh Huy, general director of the transport ministry’s Public-Private Partnership Investment Project Management Department, speaks to Tuoi tre newspaper about measures to attract investors to participate in BOT projects.

Transport ministry wants to maintain toll at gate despite protests

 VietNamNet Bridge – The operator of a stretch of National Highway 1 in Tien Giang Province has been facing protests from truck drivers and owners for collecting toll on the highway as well as a bypass it built.

A PPP law must address thorny BOT issues

Dr Hoang Ngoc Giao, director of the Institute for Policy, Law and Development Studies, tells Tuoi Tre (Youth) that the parliament owes the public a law on public private partnership and needs to repay its “debt” soon.

PM halts Cai Lay toll fee collection

Prime Minister Nguyen Xuan Phuc ordered the temporary postponement of fee collection at the Cai Lay Build-Operation-Transfer (BOT) toll station in the Mekong Delta province of Tien Giang for one to two months

Prepare for possible cost overruns on North-South expressway: NA deputies

 VietNamNet Bridge – The transport ministry should consider the possibility of cost overruns and prepare accordingly as it prepares to build a 654km section of the North-South expressway, 

Make railways top development engine

Former Deputy Minister of the Ministry of Transport, Professor La Ngoc Khue, talks about the glaring imbalance of Viet Nam’s traffic system.

We need effective measures for the North-South expressway

Do Van Sinh, a permanent member of the NA Committee for Economic Affairs, speaks to online newspaper VietnamNet about the importance of finding workable measures to construct the future North-South expressway.

Special law needed to plug BOT loopholes

Nguyen Danh Huy, general director of the Private Public Partnership Investment Project Management Department, under the Ministry of Transport, speaks to Lao Dong (Labour) newspaper about the need to revise legal documents

Ministry to tackle toll road fraud

VietNamNet Bridge – Deputy Minister of Transport Nguyen Hong Truong, spoke to the newspaper Thoi bao Kinh te Viet Nam about his ministry’s resolve to enforce law and order in the collection of toll fees.

Do toll road operators charge too much?

The fees being charged at toll stations in the mushrooming BOT transportation projects are inconsistent with the capacity of drivers to pay, Deputy Transport Minister Nguyen Nhat said.

BOT no longer favored investment mode

VietNamNet Bridge - In 2011-2015, the Ministry of Transport (MOT) raised huge funds of VND186.66 trillion for road transport projects, accounting for 92.15 percent of the total capital mobilized. 

Govt wants data of BOT projects publicized

 VietNamNet Bridge – Deputy Prime Minister Trinh Dinh Dung has told the Ministry of Transport to publicize data of build-operate-transfer projects which have been put into use and are under construction for State agencies and people to look at.

Vietnam Central Bank puts forex reserves at US$38 billion

 VietNamNet Bridge – Vietnam’s foreign exchange reserves have reached a record high of some US$38 billion, excluding gold, the governor of the State Bank of Vietnam (SBV) said.

Gov’t sets ambitious goal for business development

VietNamNet Bridge – The Government has set the target to increase the number of enterprises to one million by 2020 from the current 500 million, 

BOT projects face procedural issues

VietNamNet Bridge – Nguyen Duc Kien, deputy chairman of the National Assembly Economics Committee, speaks to the Lao Dong (Labour) newspaper about the need to tighten control of Build–Operate–Transfer (BOT) projects.

Road toll hike delayed to June 1

 VietNamNet Bridge – Nguyen Hong Truong, Deputy Minister of Transport, spoke to the newspaper Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) about the challenges of delaying the increase in road tolls to June 1.

Investors threaten to boycott BOT transport projects

The State Bank has told commercial banks to remain cautious about disbursing money for transport projects developed under the mode of BOT (build, operation, transfer). Meanwhile, investors say that BOT projects have an unreasonable mechanism.

BUSINESS IN BRIEF 2/6

Binh Duong remains attractive destination for FDI; BOT highway projects attract investors; Da Nang port to launch IPO in June; King Riches breaks ground on second facility;