By Doan Loan  May 28, 2019 | 07:05 pm GMT+7 The Hanoi - Hai Phong Expressway is among the biggest transport projects in Vietnam. Photo courtesy of VIDIFI. The government is seeking National Assembly permission to allocate VND4 trillion ($171 million) to pay dues to the builder of the Hanoi – Hai Phong Expressway. The sum will come from funds earmarked for important national projects under the country's public investment plan 2016-2020, the government said in its proposal. The expressway, which connects the capital with the northern port city, was finished in 2015 in the form of a build-operate- transfer (BOT) project, at a cost of VND45 trillion ($2 billion). The government needed to invest 30-50 percent of that amount, or VND13-22 trillion ($556-941 million), while the rest would come from the investor, Vietnam Infrastructure Development and Finance Investment Jsc (VIDIFI), who would collect tolls on the expressway to recover investment. But as the … [Read more...] about Government seeks $171 mln to pay expressway dues
Toll atlantic city expressway
Expressway operator earns VND3.3 billion on first day of inspection
The result of an inspection into fee collection at HCMC-Long Thanh-Dau Giay Expressway on February 18, released by the Directorate for Roads of Vietnam, shows that some 39,000 vehicles traveled on the expressway that day, while the revenue of the entire expressway amounted to VND3.3 billion, the local media reported. The Dau Giay toll station on the HCMC-Long Thanh-Dau Giay Expressway The total revenue from toll collection at the Dau Giay tollgate on the first day of inspection was reported at VND767 million, according to the report, while revenue from each of the two remaining tollgates on the expressway was not announced. The five-day inspection into toll collection activities at the Dau Giay tollgate on the HCMC-Long Thanh-Dau Giay Expressway came after two armed robbers stormed a toll station in Dong Nai Province’s Thong Nhat District on the expressway and fled with VND2.2 billion early this month. The large sum of money raised questions about the transparency of toll … [Read more...] about Expressway operator earns VND3.3 billion on first day of inspection
HCMC-Long Thanh-Dau Giay Expressway toll collection probed
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
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
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
Extension of toll collection right for HCMC-Trung Luong expy proposed
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 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