Company proposes to collect auto fee in downtown HCMC

SGGP 13/10/2017 12:35

The HCMC Department of Transport said that Tien Phong Technology Services and Development Joint Stock Company has submitted to the city People’s Committee a fee collection project to automobiles in downtown areas to limit traffic jam.

Thousands of automobiles line up in Saigon Bridge towards the center area of HCMC (Photo: SGGP)

According to the proposal, fee collection time will be from 6 a.m. to 7 p.m. every day. The fee will be VND40,000 a private car, VND30,000 a taxi cab registered in HCMC and VND50,000 a truck or commercial bus.

The project will be built under Public Private Partnership (PPP) or Build-Lease-Transfer (BLT) models with the total capital of VND1,797 (US$79 million), including 36 multi-lane nonstop toll gates and a management center.

Fee collection gates will be arranged in streets surrounding the downtown area including Hoang Sa, Nguyen Phuc Nguyen, Cach Mang Thang 8 (August Revolution), 3 Thang 2 (February 3), Le Hong Phong, Ly Thai To, Nguyen Van Cu, Vo Van Kiet and Ton Duc Thang. Two gates will be installed in Bach Dang and Truong Son streets in the gateway to Tan Son Nhat Airport.

Implementation is expected to be from 2018-2019 and fee collection will start from 2019-2034. The project will bring the city a revenue of VND700 billion (US$30.81 million) a year within 15 years.

By QUOC HUNG – Translated by Hai Mien