HCMC-Long Thanh-Dau Giay Expressway toll collection probedBy Le Anh Long Phuoc Tollgate on the HCMC-Long Thanh-Dau Giay Expressway - PHOTO: LE ANH HCMC - The Directorate for Roads of Vietnam today, February 18, launched a five-day inspection into toll collection activities at the tollgates of HCMC-Long Thanh-Dau Giay Expressway. Nguyen Van Huyen, head of the Directorate for Roads of Vietnam, noted that the inspection team included officials from the directorate’s Departments of Inspection and Legislation, Finance, Science and Technology, and Environment and International Cooperation. The directorate also asked for the coordination of the Investigative Police Agency, under the Ministry of Public Security. The move comes after two armed robbers stormed a toll station in Dong Nai Province’s Thong Nhat District on the HCMC-Long Thanh-Dau Giay Expressway and fled with VND2.2 billion early this month. The large amount of money has raised questions about the … [Read more...] about HCMC-Long Thanh-Dau Giay Expressway toll collection probed
Toll atlantic city expressway
Roads Directorate to examine Dau Giay toll station
The Dau Giay toll station (Photo: VNA) Hanoi (VNA) – The Directorate for Roads of Vietnam (DRVN) decided to set up a team to probe into toll collection activities at Dau Giay station on Ho Chi Minh City-Long Thanh-Dau Giay expressway, said DRVN General Director Nguyen Van Huyen on February 16. Toll collection activities at the station are managed and operated by the State-run Vietnam Expressway Corporation (VEC). The examination will start on February 18. The move comes after armed robbers escaped with almost 100,000 USD during a toll-station raid in early February. Questions were raised over the amount of money stolen at the station on the busy HCM City-Long Thanh-Dau Giay expressway in southern Vietnam on the morning of February 7, the third day of the Lunar New Year. Police said the two thieves made off with 2.2 billion VND (94,500 USD) in cash, which was reportedly the cash collected that morning alone, much higher than previous VEC’s report that the daily … [Read more...] about Roads Directorate to examine Dau Giay toll station
Directorate for Roads to start examining toll collection
The toll station Dau Giay on the HCM City-Long Thanh-Dau Giay expressway that was robbed during the Tet (Lunar New Year) holiday. (Photo: VNA) Hanoi (VNS/VNA) - The Directorate for Roads of Vietnam (DRVN) is planning an investigation into toll collection activities of the State-run Vietnam Expressway Corporation (VEC) on all highways over concerns of a lack of transparency. This comes after armed robbers escaped with almost 100,000 USD during a toll-station raid last week Questions were raised over the amount of money stolen at the station on the busy Ho Chi Minh City-Long Thanh-Dau Giay expressway in southern Vietnam on the morning of February 7, the third day of the Lunar New Year. Police said the two thieves made off with 2.2 billion VND (94,500 USD) in cash, which was reportedly the cash collected that morning alone, much higher than previous VEC’s report that the daily revenue reached no more than 1 billion VND (42,900 USD). A VEC representative explained that as … [Read more...] about Directorate for Roads to start examining toll collection
DRVN to start examining toll collection
Viet Nam News HÀ NỘI — The Directorate for Roads of Việt Nam (DRVN) is planning an investigation into toll collection activities of the State-run Việt Nam Expressway Corporation (VEC) on all highways over concerns of a lack of transparency. This comes after armed robbers escaped with almost US$100,000 during a toll-station raid last week Questions were raised over the amount of money stolen at the station on the busy HCM City-Long Thành-Dầu Giây expressway in southern Việt Nam on the morning of February 7, the third day of the Lunar New Year. Police said the two thieves made off with VNĐ2.2 billion (US$95,100) in cash, which was reportedly the cash collected that morning alone, much higher than previous VEC’s report that the daily revenue reached no more than VNĐ1 billion. A VEC representative explained that as per the arrangements with its bank partner, the bank representative would arrive at the stations to pick … [Read more...] about DRVN to start examining toll collection
State-run expressway firm ‘overstepped’ its authority in ban of two vehicles: Transport official
Viet Nam News HÀ NỘI — A transport official from the Directorate for Roads of Việt Nam (DRV) said that the State-owned Việt Nam Expressway Corporation (VEC) does not have the authority to ban vehicles from driving on the expressways under its management. Vũ Ngọc Lăng, head of the traffic safety department under the directorate, told Vietnam News Agency that late on Monday, the DRV asked VEC to submit an official report regarding its controversial announcement to permanently “deny service” to two cars (number plates 51A-55850 and 51G-77256) on “all expressways under VEC’s management” for the drivers’ alleged disruptive activities at the toll booths along the HCM City-Long Thành-Dầu Giây Expressway on Sunday. Local media and the public have lambasted the decision of VEC, the largest operator and developer of expressways in Việt Nam, with many lawyers calling it illegal given that VEC … [Read more...] about State-run expressway firm ‘overstepped’ its authority in ban of two vehicles: Transport official
Two men arrested for armed robbery in expressway toll booth
The two robbers are 25 year old Tran Tuan Anh hailing from the Mekong delta province of Tien Giang and 29 year old Nguyen Vu Hoang Nam from the northern province of Nam Dinh. Two are former employees of the expressway station. Criminal investigators said that with the specialized skilled, they were on the track of the two who went to Sai Gon train station for planning to flee yesterday. The arrest was made at 11 PM. According to investigation, after robbing VND2.2 billion ($94,783), they escaped the expressway station heist on motorcycles but they fell down .Tran Tuan Anh got a wound in his heel that made him unable to run away so he hid from the police near the station while Hoang Nam ran away to HCMC. They made appointment to meet in Sai Gon train station through phoning to divide the money and how to flee from the police, and then they were arrested. Both were arrested with cash of VND100 million, golden items and relating documents. As newspaper released, when staffs of the Ho Chi … [Read more...] about Two men arrested for armed robbery in expressway toll booth
Hạ Long-Vân Đồn Expressway opens to traffic
A toll station with automatic payment gates on the Hạ Long - Vân Đồn Expressway. – Photo dantri.com.vnViet Nam News Quảng Ninh – The Hạ Long - Vân Đồn expressway was put into operation yesterday, shortening the travel time from Hà Nội to Vân Đồn to 2.5 hours from four, reported vov.vn. The expressway will also shorten the travel time between Hạ Long and Vân Đồn to 50 minutes from 90. The project will connect the economic centres of Hà Nội, Hải Phòng and Quảng Ninh, helping to ease the flow of traffic on National Highway 18. The expressway will boost the socio-economic development of Quảng Ninh Province, a key economic zone of the northern region. The 60km, four-lane road was funded by BOT Biên Cương Joint Stock Company with a total investment of about VNĐ12 trillion (US$516 million). Construction began in … [Read more...] about Hạ Long-Vân Đồn Expressway opens to traffic
Hanoi Haiphong Expressway investor at risk of bankruptcy
Vidifi, the investor of the Hanoi-Haiphong Expressway, is now on pins and needles waiting for the government to do good on its capital contribution commitments to put an end to its daily losses. The state has yet to pay its committed capital to Hanoi-Haiphong Expressway Vietnam Infrastructure Development and Finance Investment JSC (Vidifi) keeps petitioning the prime minister and relevant ministries and agencies about the mounting expenses of the delayed Hanoi-Haiphong Expressway. According to Nguyen Van Tinh, Vidifi general director, in 2007 as Highway 5 was heavily overloaded, the prime minister decided to construct the Hanoi-Haiphong Expressway. The project was completed and exploited since December, 2015. And after three years, although the Hanoi-Haiphong Expressway is the most modern expressway in Vietnam, the project developer still loses VND2.5 billion ($109,000) a day as it has taken up hefty loans for project … [Read more...] about Hanoi Haiphong Expressway investor at risk of bankruptcy
Ministry demands multiple incentives for N-S Expressway
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 cut
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