Wednesday, 14 Nov 2018
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INVESTMENTON-GOING PROJECTS

Vietnam to make BOT projects more transparent

Updated at Friday, 29 Jun 2018, 15:49
The Hanoitimes - A newly-issued government resolution requires all Build-Operate-Transfer (BOT) toll stations across Vietnam to install a system for automatic fee collection by 2019 after several projects of this kind has caused public anger.
Vietnam's government has just issued a resolution regulating traffic projects built under the BOT model. 
Accordingly, the government requests agencies to accelerate the tendering process in order to ensure the transparency in toll collection and avoid monopoly. Besides, all the BOT stations will automatically collect toll by 2019.
  
Illustrative photo
Illustrative photo
The goverment admitted shortcomings in mechanism and legal framework for BOT projects, hence asked related agencies to soon complete the regulations on assessing the investors' qualifications, as well as refine the legal framework to deal with investors that have their work delayed. 
The location and fee policy of all the BOT toll plazas across the countries will be reviewed also, said the resolution. “The fee should be reasonable and equipped with system for automatic collection,” the document said. 
There are currently 88 BOT toll stations in Vietnam, of which the Ministry of Transport runs 73 stations while the rest 15 under the management of provincial authorities. 
BOT projects in Vietnam have recently sparked public concerns. Until now, most of BOT transport projects in Vietnam have appointed contractors, instead of going through a tendering process to select the most appropriate bids, according to a report last year by the Government Inspectorate.
 Meanwhile, some projects which only upgraded road surfaces, have also collected fees which are even higher than the fees for big road projects.
Cam Anh
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