Thursday,  Nov 15, 2018,13:44 (GMT+7) 0 0
Transport infrastructure development under BOT format is necessary: PM
The Saigon Times Daily
Thursday,  Nov 8, 2018,20:05 (GMT+7)

Transport infrastructure development under BOT format is necessary: PM

The Saigon Times Daily

A build-operate-transfer toll station on DT 830 road in Long An Province – PHOTO: TRUNG CHANH

HCMC – Investment in and construction of transport infrastructure under the build-operate-transfer (BOT) investment format are necessary given the cash-strapped State coffer, said Prime Minister Nguyen Xuan Phuc at a meeting today, November 8.

The Ministry of Transport has called on the private sector to execute transport infrastructure projects under public-private partnerships, including BOT. The ministry has already inspected a number of BOT projects in terms of the locations of their toll stations, their costs and effectiveness.

The Prime Minister spoke highly of the ministry’s efforts to guarantee security and social order at certain BOT toll stations. Meanwhile, the State Audit Office has audited these stations to leave out irrelevant costs to verify the actual investment.

The Government leader asked the ministry to further address the shortcomings of BOT projects. He noted that the goal was to ensure the legitimate rights and interests of the State, project investors and residents.

The transparency of these projects should be guaranteed – their financial plans and toll fares should be reasonable, according to the Government leader.

Seeking comprehensive solutions to the issues affecting BOT transport infrastructure projects is a necessity, he stressed, adding that the complaints and petitions of residents and businesses involved in such projects should be fully addressed.

He stated that those individuals found deliberately causing disturbances at BOT toll stations should be dealt with strictly.

Besides the problems facing BOT projects, the Prime Minister also urged the ministry to provide electronic toll collection services at all toll stations nationwide until the end of 2019.

A report from the ministry indicates that it is currently overseeing 63 BOT projects across the country.

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