HCMC to invest $1.5bln on key traffic routes
Gateways and routes with dense traffic flows in need of attention.
Topic: BOT projects
The Ministry of Transport proposes to completely solve 8 inadequate BOT projects
The Ministry of Transport (MoT) has just proposed that the Government submit to the National Assembly for consideration to allocate more than VND13 trillion ($547 million) of state budget to pay investors and businesses and terminate contracts before the project deadline of 8 inadequate BOT projects. According to MoT, completely solving the problems of the eight BOT projects will restore investors' confidence in transport infrastructure projects and free up credit from commercial banks for PPP projects in the coming period.
Propose using state budget to support 4 BOT projects
In the context that 4 BOT projects are failing due to a sharp decrease in revenue, reaching less than 30 per cent, disrupting the financial plan and putting businesses at risk of bankruptcy, the Ministry of Transport proposed to arrange them almost VND5 trillion ($211 million) of state budget capital to return to enterprises and recover projects.