Economy
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| Tiên Cựu toll booth on National Highway 10 in Hải Phòng. Toll collection on the road will begin on January 4. Photo thoibaotaichinh.vn |
Viet Nam News
HÀ NỘI — The upgraded National Highway 10, developed under the build-operate-transfer (BOT) model with a total length of 31 kilometres, will begin toll collection on Friday, project investor Tasco Joint Stock Company has announced.
Cars with fewer than 12 seats, trucks of less than two tonnes and buses will be charged VNĐ35,000 ($1.50) per trip while vehicles with 12 to 30 seats and trucks of four tonnes will pay VNĐ50,000 ($2.10) per trip. Vehicles of more than 31 seats and trucks from four to 10 tonnes are subject to a toll of VNĐ75,000 ($3.20).
Trucks weighing from 10 to 18 tonnes and 20-foot container trucks will be subject to a toll of VNĐ120,000 ($5.20) per crossing. Trucks of over 18 tonnes and 40-foot container trucks will pay the highest fee of VNĐ180,000 ($7.80).
Residents who live near the toll station in five communes in Hải Dương Province and 10 communes in Hải Phòng will enjoy reduced fees ranging from VNĐ15,000 to VNĐ110,000 ($0.60 to $4.70).
The project, which runs from Quán Toan bridge in Hải Phòng to Nghìn bridge in Thái Bình Province, includes the construction of Tiên Cựu, Quý Giao and Trạm Bạc bridges. It also expanded Highway 10 from two lanes to four lanes. Work started on the project in 2015 with total investment of more than VNĐ2.8 trillion ($120 million).
According to the Ministry of Transport, the operation of the Highway will boost the socio-economic development of the locality. It will enhance connectivity between industrial zones, meaning goods can be transported quickly. Congestion and traffic accidents on the route will be reduced.
In related news, toll collection for Việt Trì-Ba Vì Bridge will begin on Friday, according to Phú Hà Ltd., the company in charge of toll collection. Fees range from VNĐ35,000 to 185,000 ($1.50 to $8) and will be collected until December 2037.
The bridge, which connects Việt Trì in the northern province of Phú Thọ with Hà Nội’s Ba Vì District, was built with total investment of more than VNĐ1.46 trillion (US$63 million) from the Phú Mỹ Group.
The bridge opened to traffic on October 10 after three years of construction. It is expected to ease traffic between Hà Nội and Phú Thọ, boosting local economic development and tapping the province’s potential for tourism. — VNS
