Tag: MoT

Through a review, the Ministry of Transport has reported that there are eight build-operate-transfer (BOT) projects that are inadequate and need to be reported to relevant authorities for consideration on their future. The ministry has therefore proposed that a solution to terminate contracts ahead of time and allocate State budget capital of about VND13.115 trillion ($552.527 million) to compensate investors and project developers be submitted to the National Assembly for consideration and approval. This would also remove obstacles for investors, thereby restoring their trust.

As of the end of August, the Ministry of Transport (MoT) had disbursed 43.9 per cent of the public investment capital in its assigned plan. To the end of this year, it will need to disburse more than VND28 trillion ($1.19 billion). Ministry leaders have proposed speeding up disbursement for key projects and a number of ODA projects.

As of the end of the first quarter, the Ministry of Transport (MoT) had disbursed about VND7.5 trillion ($328.3 million), or 14.7 per cent of the plan assigned by the Prime Minister. Disbursement is expected at about VND11.1 trillion ($486 million) in the second quarter, or nearly 50 per cent higher than in the first quarter.

The Ministry of Transport (MoT) is drafting a Circular stipulating the management and maintenance of inland waterway infrastructure. Circular No. 01/2019/TT-BGTVT does not include regular maintenance of inland waterways, so in this draft, MoT has proposed adding regulations on conducting regular maintenance.

The Ministry of Transport (MoT) has proposed public investment in three key national highways rather than in the public-private partnership (PPP) form, with funding totaling more than VND84.8 trillion ($3.7 billion), including Khanh Hoa - Buon Ma Thuot, Bien Hoa - Vung Tau, and Chau Doc - Can Tho - Soc Trang. It will make a submission to the National Assembly (NA) for a decision at its meeting in May.

The Ministry of Transport (MoT) has forwarded a report to the National Assembly (NA) on the receipt of and an explanation for the NA Economic Committee’s verification report on the construction of the Eastern North-South Expressway in the 2021-2025 period. MoT also explained the preliminary total investment of the project of VND146.9 trillion ($6.6 billion).

The Ministry of Transport (MoT) has proposed a plan to restart international commercial flights to and from Vietnam in two phases. In the first, from December 15, regular flights will be conducted between Vietnam and nine markets with a high level of safety regarding Covid-19. In the second phase, from January 2022, five other routes will be added.

The Ministry of Transport (MoT) has proposed that regular international flights resume from the first quarter of 2022, with a frequency of four flights a week carrying about 12,000 visitors. The resumption will contribute to removing the difficulties facing aviation businesses and promote economic recovery.

It is expected that by the end of the third quarter of 2021, the Ministry of Transport (MoT) will have disbursed nearly VND27 trillion in investment capital, reaching 61.6 per cent of the plan and placing it among the top 4 ministries in terms of disbursement.

A ceremony announcing a Prime Ministerial Decision approving a road network plan for the 2021-2030 period and vision to 2050 heard that the Ministry of Transport (MoT) will promote decentralization and investment decentralization for localities instead of waiting for the central budget.

The Ministry of Transport (MoT) has sent Express Dispatch No. 8849/BGTVT - VT to the People’s Committees of cities and provinces under the central government, asking that they ensure the implementation of safety regulations for pandemic prevention and control and abolish any inappropriate regulations hampering transport and goods distribution.

The Ministry of Transport (MoT) has proposed the upgrade of five bridges and tunnels on National Highway No. 1 with total investment of VND2.22 trillion ($97.15 million), of which ODA loans of VND1.84 trillion ($80.33 million) will come from South Korea through the Economic Development Cooperation Fund and VND384 billion (more than $16.78 million) from domestic counterpart capital.

The Ministry of Transport (MoT) has requested that project management boards and investors accelerate the disbursement of public investment and speed up project construction given the storm season is approaching.