Toll atlantic city expressway

Toll collections resume on Danang-Quang Ngai Expressway The Saigon Times Daily A just-repaired section of Danang-Quang Ngai Expressway. The Ministry of Transport has allowed the resumption of toll collection for the newly built road - PHOTO: VEC HCMC - Minister of Transport Nguyen Van The has allowed Vietnam Expressway Corporation (VEC), the investor of the Danang-Quang Ngai Expressway in central Vietnam, to resume toll collections on the expressway after VEC finished repairing the road, news site Vietnamplus reported. The ministry said VEC must request the project’s contractors and consultants to continue monitoring the condition of the road in a bid to promptly detect and handle potholes. If VEC fails to repair the road within one day after detecting potholes or other signs of deterioration, the ministry will once again suspend all toll collections on the expressway, The said. The Directorate for Roads of Vietnam will have to frequently check the road and monitor road … [Read more...] about Toll collections resume on Danang-Quang Ngai Expressway

Extension of toll collection right for HCMC-Trung Luong expy proposedBy Le Anh The HCMC-Trung Luong Expressway is the first expressway project to be built - PHOTO: LE ANH HCMC - Cuu Long Corporation for Investment, Development and Project Management of Infrastructure (CIPM) has written to the Ministry of Transport proposing to continue collecting toll fees on the HCMC-Trung Luong Expressway for one year and a half after the commercial right over the expressway expires late this year. CIPM petitioned that the toll collection will continue between January 2019 and June 2020, after the road commercial contract with Yen Khanh Trade Production and Service Company expires on December 31, 2018. Yen Khanh had purchased the right to collect toll fees for five years, starting from January 1, 2014, with a transfer price of some VND2 trillion. CIPM in its petition said that the continued toll collection is meant to make the most of the public infrastructure asset to create fund for … [Read more...] about Extension of toll collection right for HCMC-Trung Luong expy proposed

Ministry demands multiple incentives for N-S ExpresswayTu Hoang HANOI – The Ministry of Transport has proposed a slew of incentive mechanisms for the North-South Expressway project. First, the ministry suggests that the Government instruct the State Bank of Vietnam to come up with effective solutions to allow the big-ticket project’s investors to access bank loans, especially those from the Asia Infrastructure Investment Bank. Second, the ministry wants that only a preliminary environmental impact assessment is needed in the project’s pre-feasibility study. Besides, it asks the Government’s approval to raise toll fees in the project’s feasibility study and contract. Third, the ministry wants to have the right to stipulate the process of owner’s capital mobilization in line with the progress of the project’s implementation, and to apply various types of investment formats and contracts within the project that is divided into multiple component … [Read more...] about Ministry demands multiple incentives for N-S Expressway

Expressway toll cutBy Anh Quan - The Saigon Times DailyHCMC – The Ministry of Finance proposal for a 25-30% toll fee reduction for over-18-ton trucks and 40-feet container trucks using the HCMC-Trung Luong Expressway got the nod from the Government on Wednesday.On behalf of the Government, Deputy Prime Minister Hoang Trung Hai gave the approval for the toll fee reduction and assigned the finance ministry to decide the specifics and the effective date.As such, in the coming time, the toll fee levied on trucks weighing over 18 tons and 40-feet container trucks traveling on the HCMC-Trung Luong Expressway will be brought down from the current VND640,000 to around VND448,000-480,000 per trip.Thai Van Chung, general secretary of the HCMC Goods Transport Association, said the 25-30% lower toll fee on heavy trucks would reduce the burden of enterprises. However, only the aforesaid vehicles will enjoy toll fee reductions.Chung suggested the finance ministry should slash toll fees by 50% … [Read more...] about Expressway toll cut

Incentives guaranteed for Mekong Delta expressway developerBy Song Nguyen - The Saigon Times DailyHCMC – BIDV Expressway Development Company (BEDC), the developer of an expressway linking Trung Luong and My Thuan Bridge in the Mekong Delta, will get incentives to build the 54-kilometer thruway.In a decision issued on Tuesday, the Prime Minister approved favorable policies for the Trung Luong-My Thuan eThe investor will have the exclusive right to providing services along the expressway and advertising billboards along both Trung Luong-My Thuan and HCMC-Trung Luong expressways. BEDC has bought the right of toll collection to the just-completed 62-km HCMC-Trung Luong expressway.The Bank for Investment and Development of Vietnam (BIDV), which is the lead shareholder in BEDC, has got approval to raise funds at home and abroad for the Trung Luong-My Thuan project, including ODA loans re-lent to BEDC.The PM in the decision said the Government would provide guarantees for the bank to … [Read more...] about Incentives guaranteed for Mekong Delta expressway developer

HCMC-Dau Giay expressway to be extended towards Dalat next yearLe Anh HCMC – Work will start on a 60-km road section next year to extend the current HCMC-Long Thanh-Dau Giay Expressway towards Dalat City in Lam Dong Province, said a source from the Ministry of Transport. Project Management Unit No. 1 under the ministry, which has been assigned as the project owner, has worked with authorities of Dong Nai Province over preparations including site clearance. As planned, the new expressway, stretching 59.6km, will start from the end of the HCMC-Long Thanh-Dau Giay expressway and cuts through National Highway 20 in Tan Phu District. Work is expected to get off the ground in the third quarter next year, with total investment capital of some VND7.97 trillion, or roughly US$360 million. This road section is part of the Dau Giay-Lien Khuong Expressway that will be built in the years to come to facilitate transport from HCMC to Dong Nai and Lam Dong Province. This project was approved by … [Read more...] about HCMC-Dau Giay expressway to be extended towards Dalat next year

Expressway toll fee down for heavy-duty trucksle anh By Le Anh - The Saigon Times Daily HCMC – Starting from October 15, the toll fee for over-18-ton trucks using HCMC-Trung Luong Expressway will be brought down from the current VND8,000 to VND6,000 per kilometer to back transport firms that are struggling with economic woes. This is a provision in Circular 143/2012/TT-BTC modifying toll fee collection, payment, management and use for HCMC-Trung Luong Expressway, which was issued last Friday by the Ministry of Finance. According to the circular, only the rate for trucks weighing over 18 tons and 40-feet container trucks will be slashed by 25%, from VND8,000 to VND6,000 for each kilometer of travel. The fees for other vehicles will remain unchanged. Speaking to the Daily, a Finance Ministry official said the circular will take effect 45 days after its issuance. This means the fee for over-18-ton trucks using the expressway will be reduced from October 15. According to the Finance … [Read more...] about Expressway toll fee down for heavy-duty trucks