Vietnamplus

Whether fees at BOT (Build – Operate – Transfer) toll stations remain the same or increase is of great concern during the COVID-19 pandemic.

The Ministry of Transport (MoT) is set to propose to the Government a draft plan on fee increases at BOT (Build-Operate-Transfer) toll booths in response to declining revenue.

Prime Minister Nguyen Xuan Phuc lauded the Ministry of Transport (MoT) for pooling social resources in public-private partnership (PPP) projects, including those under the build-operate-transfer (BOT) model.

The Ministry of Transport needs to come up with a plan to solve all problems related to BOT road toll stations nationwide this year.

Aquiring 20 percent stake of FECON Corporation in the Phu Ly Bypass project has made Japanese-based NEXCO and JEXWAY become first foreign enterprises to set foot in a Vietnamese BOT project.