Ho Chi Minh City’s Department of Transport has proposed six transport projects built under Build-Operate-Transfer (BOT) contracts with a total investment of more than 97 trillion VND (4.11 billion USD).
The State Bank of Vietnam (SBV) has said it would continue to direct credit institutions to strictly control credit in potentially-risky areas such as real estate and securities, especially Build-Operate-Transfer (BOT) and Build-Transfer (BT) transport projects.
The Ministry of Transport will conduct the selection of investors for the North-South expressway via bidding for projects in the public-private partnership (PPP) form.
Minister of Transport Nguyen Van The has underlined the urgent need to repair dilapidated roads and bridges, saying that if the work is not done well, it could cause mortal danger.
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.
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