The Nha Trang – Cam Lam highway has become the North – South expressway’s first section to be signed under the public private partnership (PPP) model under a contract inked on May 6 between the Ministry of Transport and Son Hai Group Company Limited.
The northern province of Bac Giang has raised a total of over 17.8 trillion VND (771.54 million USD) in investment for local transport infrastructure development since 2016.
The law on public-private partnership (PPP) investment was adopted by the National Assembly (NA) on June 18 at the legislature’s ninth session, with 92.75 percent of deputies voting in favour.
Banks are advised to have meticulous consideration before lending BOT and BT infrastructure projects as outstanding loans for the projects are likely at risk of turning into non-performing ones.
Vietnam could face an electricity shortage of 6.6 billion kWh in 2021 and 11.8 billion kWh in 2022. The shortage could increase to 15 billion kWh in 2023, according to the Ministry of Industry and Trade (MoIT).
Holiday spirit seems to be in short supply at the Ministry of Transport (MoT), as the body has rejected a proposal to waive road tolls for the first three days of the Tet (Lunar New Year) holidays.
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 Hoa Lac-Hoa Binh highway and Van Lang bridge linking Hanoi’s outlying Ba Vi district and Phu Tho province’s Viet Tri city, which were constructed under build-operate-transfer (BOT) contracts, were opened to traffic on October 10.
In a bid to resolve obstacles to implement the national electronic toll collection (ETC) project, the Government has allowed the Ministry of Transport (MoT) to decide how much revenue to extract from BOT projects to pay for ETC service.
The National Assembly completed the three-day question period in the afternoon of June 6, which many NA deputies and voters assessed as productive thanks to changes in the rules for question-&-answer.
The new rule for Question-&-Answer session has proved effective in the hearing at the National Assembly in the morning of June 4, according to both voters and NA deputies.
Minister of Transport Nguyen Van The was grilled by lawmakers on June 4 about solutions to deal with problems related to transport projects invested under the form of build-operate-transfer (BOT).
Amidst the current financial constraints, the continuing mobilisation of financial resources from non-state sectors for transport infrastructure development is necessary, according to experts.
The Ministry of Transport’s main task this year is to speed up transport projects, Deputy Minister Nguyen Ngoc Dong said at a meeting to review 2017 and set goals for 2018 in January 18.
Deputy Prime Minister Trinh Dinh Dung asked the Transport Ministry to soon submit special mechanisms for the north-south highway project during a meeting to launch the sector’s activities for 2018.
As many as 20,080 traffic accidents were reported in 2017, killing 8,279 people and injuring 17,040 others, according to the National Committee for Traffic Safety.
National Assembly Chairwoman Nguyen Thi Kim Ngan had a meeting with voters in Phong Dien town of the Mekong city of Can Tho to brief them on the outcomes of the NA’s fourth session.
All Build-Operate-Transfer (BOT) toll stations across the country have to install a system for automatic collection of fees by 2019 to ensure transparency.
The Government Inspectorate (GI) has released findings of egregious wrongdoing in the implementation of a number of BT (Build-Transfer) and BOT (Build-Operate-Transfer) infrastructure and environmental projects in Hanoi.
