Tuesday, January 23 2018

VietNamNews

Proposal to increase toll fee rejected

Update: November, 07/2017 - 16:34
Bắc Thăng Long- Nội Bài Toll Tax Collection. — VNA Photo
Viet Nam News

HÀ NỘI — The Ministry of Transport has rejected the proposal to increase toll fee at the Build-Operation-Transfer (BOT) Bắc Thăng Long-Nội Bài toll collection station.

After turning down the proposal, the Transport Ministry said on Monday the adjustment of toll fee would be considered when the company completes the project’s financial balances, solves problems related to toll taxes and adjusts the BOT contract of National Highway 2 (the transition section in Vĩnh Yên City of Vĩnh Phúc Province) as per regulations.

Previously, the investor, Vietracimex 8 Company, had submited to the ministry a proposal with two options to increase toll tax at the Bắc Thăng Long-Nội Bài toll collection station.

The first option was to collect fee for 19 years, starting from Janurary 2018, with rate increasing to VNĐ25,000 (US$1.1) from the current rate of VNĐ10,000 (0.44 US cent).

The toll fee would continue to increase up to three times from 2021 to 2024, and up to 3.5 times to 2030.

The second option was that toll fee collection would continue for 17 years, with rate increasing to VNĐ30,000 (US$1.32) from VNĐ10,000 (0.44 US cent) by 2020. Subsequently, the fee would be increased to four times by 2030.

The Bắc Thăng Long-Nội Bài toll collection station was set up as per the ministry’s decision in 1997, and then in 2009 was transfered to the Vietracimex 8 Company for collecting fee to refund investment capital of the BOT project on the transition section on National Highway 2 in Vĩnh Yên City of Vĩnh Phúc Province. — VNS

 

 

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