Vantai24h - The Ministry of Transport has issued a document requesting the Vietnam Road Administration to suspend the toll fee for road service at the Tram Xuyen Station (Km286 + 397 National Highway 1A) under the BOT National Highway 1A Project, The passage of Thanh Hoa City from August 10.
According to the Ministry of Transport, according to the contract and the appendix of the project contract between the Vietnam Road Administration and the investor, the total investment of this project is VND 822 billion, the payback period is 27 years and 8 months, the charging time to generate profit is 3 years.
However, during the charging period, the final settlement of investment costs and the review of the project contract, some of the targets for the financial plan change.
Specifically, the total investment of the project decreased 36 billion, from 822 billion to 786 billion. Of which, the investment capital is 156 billion VND, the loan capital is 489 billion VND, the state budget is 141 billion VND.
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Prior to that, the Ministry of Transport and the contractor relocated the toll station from Tao Xuyen to Doc Xay, an area with higher traffic than the old one. In addition, the financial plan of the Appendix of Contract No. 3/38-CDD / HD / 2008 / BOT. As the total amount of investment decreases, actual vehicle traffic through toll stations is higher than expected in the contract. Moreover, due to the Input Indicators to calculate the financial plan changes lead to the payback period of the project reduced to 7 years and 2 months. Therefore, the profitability of investors early than expected 20 years.
"The maintenance of the profit-generating period is three years as the initial contract is not reasonable," the Ministry of Transport confirmed.
The Ministry of Transport has assigned Vietnam Road Administration to negotiate with investors to adjust the profit margin. However, after many rounds of negotiations, the parties have not agreed on the profitability of the project.
According to the appendix of the project, the payback period for the project has ended. As of July 31, 1977, investors have been earning profits for more than a year. Revenue generated for investors until 31/7/2017 was greater than the highest number compared to the plan of profit negotiation of investors Vietnam Road Administration has issued.
"For the above reasons, the Ministry of Transport requests the General Department of Roads to temporarily stop collecting road service charges at Tuan Xuyen Station for further negotiation and treatment as prescribed," the Ministry of Transport show.
After receiving the "order" of the Ministry of Transport, on 7/8, Vietnam Road Administration has issued a decision to temporarily stop charging service charges using the toll road toll stations.
The Vietnam Road Administration requested investors and project enterprises to publicly announce the suspension of the road service charges on the mass media.
The subordinate units are the Road Administration Department II, Legal Department - Inspector supervise the suspension of collection at the toll station in Xuyen according to regulations.
Also, according to information from the Ministry of Transport, the ministry and investors of the BOT project seriously reviewed and negotiated to adjust the price of 35 projects; 27 projects have lower than average rates; 11 projects have not been reduced due to lower vehicle flow than the financial plan.
The Ministry of Transport has agreed to finalize 51 BOT projects, has negotiated a fee adjustment for 23 projects, and is considering adjusting financial options for 28 projects with a priority for lowering fees. Previously expected.
Source: cafef.vn
