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person Orange Themes access_time Oct 24,2016

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Image : Hike in food prices mainly accounts for November’s CPI surge

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Image : When will Vietnamese entrepreneurs go global?

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Tolling of 13 BOT road projects shortened by over 92 years

access_time May 18,2017 chat_bubble_outline 28 views

The Ministry of Transport has shortened the tolling duration of 13 build-operate-transfer (BOT) road projects by a combined 92 years and three months.

Tolling of 13 BOT road projects shortened by over 92 years

The toll gate of New Dong Nai Bridge. The Ministry of Transport has shortened the tolling duration of 13 build-operate-transfer (BOT) road projects including New Dong Nai Bridge

The toll collection time of the National Highway 1 bypass in Thanh Hoa City in northern Vietnam is reduced the most, by 20 years and one month, according to the ministry’s Public Private Partnership Investment Project Management Department.

The VND822 billion project was originally permitted to collect tolls for a period of 27 years and eight months in its BOT contract. But after the final settlement, the definitive evaluation totals only VND718 billion and the tolling time is cut to seven years and seven months.

Other projects whose tolling duration is significantly slashed are the National Highway 10 section between Tan De Bridge and La Uyen Bridge in Thai Binh Province (nine years and six months); New Dong Nai Bridge and its two access roads (eight years and seven months); and Co Chien Bridge on National Highway 60 linking Tra Vinh and Ben Tre (six years and one month).

The project with the smallest tolling time cut is the National Highway 1 bypass in Bien Hoa City, Dong Nai Province, with 12 years and nine months, down from the original 13 years and one month.

Meanwhile, the tolling duration of four projects has been extended by a total of 24 years and five months. 

In particular, My Loi Bridge on the extended part of National Highway 50 has its toll collection time increased from 28 years and four months to 44 years and six months; Yen Lenh Bridge, National Highway 38 from 17 years and one month to 21 years and four months; the Uong Bi-Ha Long section of National Highway 18 from 16 years and four months to 19 years and four months; and the Ben Thuy-Ha Tinh City section of National Highway 1 from 20 years and five months to 21 years and five months.

The tolling time extensions of these four projects result from lower-than-expected vehicle traffic. In fact, their revenues are much lower than planned.

The original toll collection period stated in a BOT contract is just an estimate while it will be made official after the definitive evaluation and actual vehicle traffic are determined. Therefore, after the final settlement, many projects have had their tolling time cut.

Having examined 27 BOT projects, the State Audit of Vietnam found their tolling time was longer than it should be. 

It requested the Ministry of Transport to shorten their tolling time by a total of nearly 100 years.


Kerry: US, Russia studying new ideas to stop Syria fighting

ROME (AP) — The United States and Russia are studying new ways to break a monthslong diplomatic deadlock over how to stop the fighting in the Syrian city of Aleppo, U.S. Secretary of State John Kerry said Friday. He said the "ideas" will be tested in follow-up discussions between American and Russian diplomats next week.While Kerry didn't elaborate on the substance of the fresh approaches, he stressed that the U.S. and Russia both see the situation as urgent and aren't waiting for Donald… chat_bubble_outline Read More...

Two suicide bombers kill nine in NE Nigeria: emergency services

Kano (Nigeria) (AFP) - Two suicide bombings rocked Nigeria's northeast city of Maiduguri on Saturday morning, killing at least nine people and injuring scores of others, emergency services said."Two suicide bombers riding in motorised rickshaws this morning detonated their explosives 10 minutes apart, with one of them targeting the Bakassi IDP (internally displaced persons) camp on the outskirts of the city," Mohammed Kanar, spokesman for Nigeria Emergency Management Agency (NEMA), said."Nine… chat_bubble_outline Read More...

Olympiakos beats Xanthi 2-0, leads Greek league by 12 points

ATHENS, Greece (AP) — Defending champion Olympiakos beat host Xanthi 2-0 in a clash between the top two Greek league teams on Sunday.Brown Ideye opened the scoring in the 38th minute with a volley from inside the area and Luka Milivojevic made it 2-0 with a free kick in the 88th.Both teams ended the game with 10 players. Xanthi's Christos Lisgaras was sent off around the hour mark with a direct red card for a violent tackle on Seba, who was also dismissed for going after his opponent when he… chat_bubble_outline Read More...

Japan's SoftBank to invest $1 billion in OneWeb sat factory

TOKYO (AP) — Japanese telecoms and energy company SoftBank has agreed to invest $1 billion in the U.S. company OneWeb Ltd., which plans to build a factory in Florida that the companies say could create 3,000 jobs.Arlington, Virginia-based OneWeb plans to build a network of satellites to provide global broadband access.The two companies announced late Monday that OneWeb had obtained pledges of $1.2 billion from SoftBank and other investors.The $1 billion commitment follows a promise by SoftBank… chat_bubble_outline Read More...

Russia-Trump ties: Is Sessions' recusal enough?

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