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BOT investment
Updated news related to BOT investment
North-South railway as fast as an airplane: Where to get nearly 60 billion USD?
To build 1,545 km of North-South high-speed railway, 58.7 billion USD is needed, but in conditions of limited capital, what mechanism can mobilize enough capital?
Economy
Discharge BOT station if congestion exceeds 700m
BOT investors nationwide have proactively developed response plans to ensure traffic safety, and have plans to release stations to keep traffic flowing smoothly during the Tet peak season.
Forced to stop BOT stations that do not install automatic toll collection systems
The leader of the General Department of Roads said that BOT stations that are slow to install automatic toll collection systems will be forced to stop operating.
Put up signs "no parking for more than 5 minutes" to avoid congestion at toll stations during Tet
The General Department of Roads has just requested its affiliated units and BOT investors to install signs prohibiting stopping for more than 5 minutes at toll stations and install signs prohibiting parking near the stations. In addition, the General Department will also request and coordinate with local authorities to resolutely handle drivers who intentionally cause congestion at toll stations, especially as the 2018 Lunar New Year approaches.
Many BOT investors 'hide' from selling monthly tickets because of fear of reduced revenue
Many BOT investors, when implementing service fee collection, do not implement monthly and quarterly ticket sales as prescribed.
Many BOT stations sell monthly tickets unfairly.
"Toll stations in Ho Chi Minh City flexibly consider issuing a time limit from the date of validity to the end date according to the specific time limit stated on the ticket (the time limit is the following month) and register for issuance according to regulations."
BOT investors are not required to cooperate with VECT to collect automatic tolls.
According to the General Department of Roads, as of August 31, out of a total of 27 stations negotiating to sign contracts, 25 stations have completed signing contracts with the investor, Automatic Toll Collection Company Limited - VETC.
After October 30, any BOT station that does not install automatic toll collection must stop collecting tolls.
September 12, 2017 14:55
Non-stop toll collection aims to ensure transparency and absolute fairness. After October 30, any BOT station that has not applied this technology will have to stop collecting tolls. However, many BOT investors are still not satisfied with the way the non-stop toll collection service is implemented.
Many BOT investors are slow to implement automatic toll collection.
September 4, 2017 06:51
The Ministry of Transport continues to postpone the deadline for non-stop toll collection as planned because many BOT investors are slow to implement, or have not even signed contracts. The General Department of Roads has issued an ultimatum: if by October 30, BOT investors do not implement, toll collection will stop.
Toll stations must post public information boards.
August 4, 2017 10:50
The information table includes the total investment, total collection time, collection start time, remaining collection time, previous month's revenue, cumulative revenue, and hotline number to report negative incidents at the toll station.
Many BOT investors 'catch thieves bare-handed' and collect multiple fees
September 15, 2016 21:49
Most investors only have 11-15% of their own capital, the rest depends on banks, so when risks occur, the State and people may have to bear bad debt.
Many BOT traffic giants are being asked to pay debts
March 5, 2016 07:13
Nearly a dozen businesses that are BOT traffic investors are being urged by the General Department of Roads to pay debts of more than 10 billion...
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