The MoT has proposed a solution that involves allocating VND10.34 trillion of State capital to terminate contracts for five projects and provide additional funding for three others.
The People's Committee of Ho Chi Minh City has just directed to make efforts in strengthening the implementation of anti-corruption measures in the city.
The Ministry of Transport and the Directorate for Roads of Vietnam reported that many BOT (Build-Operate-Transfer) projects faced revenue reduction, threatening investors’ financial plans.
Prime Minister Nguyen Xuan Phuc has sent a dispatch requiring the Minister of Transport to inspect and make clear information about out of control toll collection at BOT (Build-Operation-Transfer) projects.
The Ministry of Transport plans to speed up the implementation of the North-South expressway project in 2019, said Minister of Transport Nguyen Van The.
The Ministry of Transport yesterday said it had negotiated with investors to reduce toll fees of 35 projects built under BOT (Build-Operate-Transfer) form.
