HCMC – The Vietnam Expressway Corporation (VEC) will install electronic toll collection (ETC) systems on all expressways under its management by the end of the third quarter of this year.
VEC has informed the Ministry of Transport of its plan to install the ETC systems on five expressways, news site Vietnamplus reported.
VEC installed the ETC system on the Cau Gie-Ninh Binh Expressway and put it into operation in June 2020. The system has been working effectively as revenue from electronic toll payments accounts for 51% of the total toll revenue on the road.
As for Noi Bai-Lao Cai, Danang-Quang Ngai, Ben Luc-Long Thanh and HCMC-Long Thanh-Dau Giay expressways, VEC invited tenders for the ETC service provision on May 5 and the deadline for offering bids is May 25 and the bidding winner will be announced by June 30.
VEC plans to finish the installation of the ETC system on the HCMC-Long Thanh-Dau Giay Expressway in mid-August and the other expressways at the end of the third quarter.
Earlier, the Ministry of Transport had reported to the prime minister on the installation of ETC systems on expressways managed by VEC. ETC service providers will be hired to operate the systems.
With this solution, the cost for the service providers would be sourced from the toll fee management costs.
According to the Commission for the Management of State Capital at Enterprises, VEC’s proposal to use the toll fee management costs to hire ETC and manual toll collection service providers was necessary and in line with VEC’s financial plan.