BOT Hanoi Highway to resume toll collection

21-Sep-2019 Intellasia | The Saigon Times | 6:02 AM Print This Post

HCM City departments, agencies and investors have been told to quickly address existing issues related to a build-operate-transfer (BOT) Hanoi Highway expansion project to make it possible to restart toll collection on the highway.

The HCM City Department of Transport was asked to complete site clearance in areas with an overlapping border between the BOT project, the Metro Line No.1 project and phase two of a water environment rehabilitation project, according to an announcement by the city’s government office on September 18.

Meanwhile, the appraisal of site clearance costs in the neighbouring province of Binh Duong was assigned to the HCM City Department of Natural Resources and Environment. The department was asked to ensure the appraisal is transparent to avoid further disputes regarding compensation policies.

District 9 is in charge of completing site clearance and encouraging local households and businesses to quickly hand over their land to the authorities to ensure the quick progress of the project. Also, the district government will be responsible for addressing feedback from local households.

The city government required the departments, agencies and district 9 authorities to team up with the project’s investor to complete these works prior to September 30.

According to the HCM City Infrastructure Investment Company, the BOT expansion project’s second phase requires funding of over VND5.7 trillion. The investment is expected to be recouped in 20 years through fee collections, which were supposed to start last year.

The expanded highway will run from Saigon Bridge to Dong Nai Bridge, covering 15.7 kilometers. The project includes the expansion of one road section and construction of two parallel roads to the highway.

The city started work on the project in April 2010 and has completed the 11.5-kilometer-long road section stretching from Saigon Bridge to an intersection leading to the Vietnam National University zone. The two parallel roads are still under construction Earlier, the city suspended fee collection in January last year as it has recovered the investment for the existing Rach Chiec Bridge on the highway.

https://english.thesaigontimes.vn/71448/bot-hanoi-highway-to-resume-toll-collection.html

 


Category: Business, Vietnam

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