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The Ministry of Transport proposes to handle 7 ‘hanging’ BOT toll stations

On May 17, the Ministry of Transport proposed to use state budget capital to buy back 7 BOT projects that have been backlogged for many years.

At a meeting with Government leaders on May 17, Mr. Le Kim Thanh, Director of Public Private Partnership (PPP) said that so far, the Ministry of Transport has handled 14 toll stations, the remaining 7 BOT projects have no solution, beyond the authority of the Ministry.

According to Mr. Thanh, in these BOT projects, investors have fulfilled their contractual obligations but have not yet been able to collect fees or have collected fees but experienced a decrease in revenue due to objective and unforeseen reasons or due to unforeseen circumstances. policy changes on the part of government agencies.

Regarding the authority to decide to terminate the contracts of projects ahead of time, Mr. Thanh said that BOT projects had previously been decided on investment policies by the Government, so the authority allowed to terminate project contracts before the deadline. under the Prime Minister.





T2 toll station near Vam Cong bridge was reacted by the driver about the location of the station.  Photo: Kowloon

T2 toll station near Vam Cong bridge was reacted by the driver about the location of the station. Image: Kowloon

7 toll stations belonging to BOT projects need to be handled, including: La Son – Tuy Loan toll station (project to build a road tunnel through Ca Pass); Bim Son toll station (payback for the western ring road of Thanh Hoa city, section Km0 – Km6); Km1747 toll station (BOT project to upgrade and expand Ho Chi Minh road section Km1738+148 – Km1763+610); T2 toll station (BOT project to renovate and upgrade National Highway 91, section Km14 – Km5+889).

Highway 3 toll station (BOT project to build Thai Nguyen – Cho Moi route and renovate and upgrade National Highway 3, section Km75 – Km100); Thai Ha bridge toll station belongs to the BOT project on investment and construction of the Thai Ha bridge crossing the Red River on the road connecting the two provinces of Thai Binh and Ha Nam with the Cau Gie – Ninh Binh highway; project to renovate and upgrade Saigon river channel from Binh Loi railway bridge to Ben Suc port in the form of BOT contract.

At the meeting, Deputy Prime Minister Le Van Thanh asked the Ministry of Transport and relevant agencies to urgently review and plan a solution to solve the problem, unable to let businesses that have invested hundreds of billion dong. causing the BOT to go bankrupt because the fee cannot be collected.

Minister Nguyen Van The assigned the Director General of Public-Private Partnerships to have a detailed report on BOT stations in May to submit to the Government to agree on solutions to remove and handle.

Mr Duy

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