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Update news Build-operate-transfer
The Ministry of Transport has proposed that the Government compensate developers of two out of four build-operate-transfer (BOT) tollgates and shut them down due to protests among road users.
The Government has prepared a backup plan to fund the North-South Expressway (NSE) amid fears that private investors might not be financially capable of carrying out the mega project, the transport minister has said.
Bank loans for build-operate-transfer (BOT) and build-transfer (BT) infrastructure projects by the end of September this year reached nearly VND110 trillion (US$4.72 billion), up 1.85 per cent against the end of 2018.
While awaiting creation of a comprehensive legal framework, build-operate-transfer transport initiatives across the country continue to seek new funding from cautious lenders.