The law on public-private partnership (PPP) investment was adopted by the National Assembly (NA) on June 18 at the legislature’s ninth session, with 92.75% of deputies voting in favour.
Work on Phan Thiet Airport, which will be used for both civil and military purposes, in the south central province of Binh Thuan is set to begin in 2020.
The State Bank of Vietnam (SBV) has said it would continue to direct credit institutions to strictly control credit in potentially-risky areas such as real estate and securities, especially Build-Operate-Transfer (BOT) and Build-Transfer (BT) transport projects.
The government will invite fresh tenders with lowered criteria for the North-South Expressway from local investors next year after ruling out foreign investors.
Permanent members of the Government looked into major transport projects during their meeting in Hanoi on September 12, which was chaired by Prime Minister Nguyen Xuan Phuc.
The Ministry of Transport is working on a new draft circular which stipulates that the public will have a say on whether the locations of toll stations on Build-Operate-Transfer (BOT) roads are appropriate.
VOV.VN - A high-level bilateral meeting was held recently in Hanoi between the State Bank of Vietnam (SBV) and the Bank of Thailand (BOT), aiming to promote banking and financial co-operation between the two countries.
Prime Minister Nguyen Xuan Phuc has issued an official dispatch asking for the speeding up of the implementation of automated non-stop toll collection on all build-operation-transfer (BOT) highways across the country with a deadline of end of the year.
National Assembly Chairwoman Nguyen Thi Kim Ngan dealt with the issues of education, BOT, infrastructure investment, and electricity price, during a meeting with constituents in the Mekong Delta city of Can Tho on June 17.
The Ministry of Transport (MoT) is set to propose to the Government a draft plan on fee increases at BOT (Build-Operate-Transfer) toll booths in response to declining revenue.
The Ministry of Transport is seeking opinions from ministries, agencies and localities nationwide for the fee increase of 12-18% for 37 build, operate and transfer (BOT) operated toll road or bridge projects.
Ho Chi Minh City has decided to convert a number of private transport infrastructure projects that were designated as BOT (build – operate – transfer) and BT (Built – Transfer) into public projects.
Chinese investors have been flocking to Vietnam to seek transport infrastructure projects to invest in under different modes.
Holiday spirit seems to be in short supply at the Ministry of Transport (MoT), as the body has rejected a proposal to waive road tolls for the first three days of the Tet (Lunar New Year) holidays.
The State Council for Pre-Acceptance Test of Construction Works has tested the Ha Long-Van Don expressway, which connects with Ha Long - Hai Phong - Hanoi expressway and Van Don Airport, and agreed to put the road into conditional operation on February 1.
The Ho Chi Minh City Department of Transport expects to start construction on 70 transport projects this year.
The Department of Transportation of Ho Chi Minh City plans to deploy 70 traffic projects in 2019, in order to boost the implementation of programmes to reduce traffic congestion and accidents in the city.
The transport sector aims to transport 8-9 percent more passengers and cargo this year compared to 2018, heard a conference in Hanoi on January 11.
Helping to allay concerns of power shortages, a thermal power plant is to come into commercial operation ahead of schedule, featuring high-quality technology.
VOV.VN -Three major projects- Van Don International Airport, Ha Long International Cruise Port, and the Ha Long-Van Don Expressway- were launched on December 30 in the northern province of Quang Ninh.