Traffic – Urban areas

Hai Duong strengthens management to avoid loss and waste of BOT project revenue

PV • March 22, 2024 15:31

At the regular meeting of the Provincial People's Committee in March (4th time) on the morning of March 22, the People's Committee of Hai Duong province reviewed the results of the review and calculation of the remaining toll collection time of the BOT project on Road 188, An Thai - Mao Khe section.

8(1).jpg — *Comrade Tran Van Quan, Vice Chairman of the Provincial People's Committee chaired the meeting to conclude the internal issues related to revenue from BOT projects.*

This was the content that received the most enthusiastic comments at the meeting. Speaking on this content, Comrade Luu Van Ban, Permanent Vice Chairman of the Provincial People's Committee, requested the Department of Transport to clarify the assessment of toll collection time without using toll collection software, software data was sometimes not synchronized, affecting the counting and monitoring. This entire BOT project lasted more than 20 years, the quality of roads and auxiliary works degraded and were not maintained, repaired, and maintained in a timely manner...

z5273322943077_5db914d6cfb50e51f1f9f07f9153bdfe(2).jpg — Comrade Luu Van Ban, Permanent Vice Chairman of the Provincial People's Committee, gave his opinion on the BOT project of Road 188, An Thai - Mao Khe section.

Concluding this content, Vice Chairman of the Provincial People's Committee Tran Van Quan agreed with the submission of the Department of Transport, approved the results of the review and calculation to adjust the remaining toll collection time of the project. Road 188, An Thai - Mao Khe section and draft Contract Appendix adjusting the content of toll collection time between the Department of Transport and the TLG® - Nam Cuong Ha Noi Group Joint Venture to implement the next steps.

Assign the Department of Transport to review, calculate appropriate plans and coordinate with the Provincial People's Committee Office to complete the dossier to submit to the Provincial People's Committee for consideration and decision on implementation in the direction of strengthening state management, improving investment efficiency, avoiding loss and waste of BOT project revenue...

Assign the Provincial Tax Department to inspect and determine the corporate income tax payable according to the annual settlement in accordance with the content of the BOT Contract.

5(1).jpg — *Comrade Vu Van Tung, Director of the Department of Transport, gave additional comments on a number of issues in the submission.*

According to the report of the Department of Transport, the calculation and adjustment of the remaining toll collection time of the project Road 188, An Thai - Mao Khe section, based on the results of reviewing the average actual toll revenue for 3 consecutive years (2020, 2021, 2022) provided by the Hai Duong Provincial Tax Department.

6(1).jpg — *BOT investor representative explained some issues at the meeting*

The remaining toll collection period of the project after calculation review is 8 years, 5 months and 10 days from January 1, 2019 to June 8, 2027.