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Tuesday,  Oct 17,2017,20:20 (GMT+7)

HCMC says will still execute BOT projects

Le Anh
Tuesday,  Sep 26,2017,18:38 (GMT+7)
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HCMC says will still execute BOT projects

Le Anh

HCMC – The HCMC government will still move on with projects under the build-operate-transfer (BOT) and build-transfer (BT) formats, but enforce more stringent supervision, heard a press conference on the city’s January-September economic and social performance.

Given the dense locations of tollgates in the city and recent public protests against BOT road projects elsewhere, the Daily asked the municipal government whether to continue developing BOT traffic infrastructure projects or not. Vo Van Hoan, chief of the Office of the HCMC People’s Committee, said the local government has no way but to continue BOT and BT projects, as the State budget is not enough to fund all of them.

He added many countries have also resorted to this investment mode, and have completed a slew of traffic projects under the BOT and BT formats.

He however stressed three important procedures should be given special attention in the course of implementing BOT and BT projects.

The first procedure relates to who will propose such projects. According to Government Decree 15/2015/ND-CP on public-private partnership investment, the Government and investors are eligible to put forward projects.

Owing to the limited State budget, the Government has given investors the green light to propose and study most of these projects on their own which would give them excessive advantages. If the Government analyzes projects, and then puts them out to tender, competent investors will be chosen.

“The municipal government considers launching a scheme for studying projects instead of giving investors the right to do so,” Hoan stressed.

The second procedure is to inspect work on projects. Despite the participation of management agencies, the Government has yet to keep a close eye on most projects. Therefore, competent agencies should conduct closer inspections of them.

The third procedure is to manage costs. At present, toll fees and collection time require approval from the provincial or municipal people’s committees.

According to Hoan, the question is that every procedure of BOT projects must be adjusted so that the role of State management can be stricter.

Recently, State agencies have found numerous irregularities at BOT road projects, including construction cost overestimates, wrong reports on toll fee collections, and the wrong locations of tollgates.

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