Many BOT traffic giants are being asked to pay debts
Nearly a dozen businesses that are BOT traffic investors are being urged by the General Department of Roads to pay more than 10 billion VND in debt for using state assets.
In a document sent to investors earlier this week, the Vietnam Road Administration named many large enterprises in the transport sector that are late in paying fees for using state assets at toll stations that the transport sector has transferred.
Topping the list of the most indebted companies is Deo Ca Joint Stock Company. Of the total of more than 3.1 billion VND used for state property fees at Ninh An station, this company still owes more than 2.7 billion VND.
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Many traffic projects are invested in the form of BOT. |
Another big player, Vidifi Infrastructure and Finance Investment Corporation, was also mentioned with a remaining debt of 1.7 billion. This is the enterprise that the State has handed over 2 toll stations on Highway 5 and Tien Cuu station on Highway 10.
Traffic Construction Corporation 4 - one of the largest enterprises in traffic construction is also a big "debtor" with nearly 650 million VND.
Notably, while most investors have paid a portion of the asset usage fee after receiving the handover nearly 5 years ago, during the same period, Dai Duong Joint Stock Company - the investor of the BOT National Highway 18 project has not paid a single dong to the State. The total amount that the enterprise must pay to the State since receiving the Pha Lai toll station from the end of 2011 to the end of 2015 is more than 2.1 billion VND.
In addition, Tasco Joint Stock Company and Bien Hoa - Vung Tau Expressway Joint Stock Company, which are enterprises participating in many BOT projects, are also mentioned in this list.
The total fee for using state assets at toll stations that BOT investors must pay this time is more than 10.4 billion VND./.
According to VOV