Infrastructure

Cars to pay fee for entry into downtown HCMC in 2019Le Anh A lot of cars are seen on a road in HCMC. Cars would have to pay a fee from 2019 if they enter HCMC’s central business district - PHOTO: THANH HOA HCMC – Cars would have to pay a fee from 2019 if they enter HCMC’s central business district, according to a traffic congestion reduction plan which Tien Phong Technology JSC (ITD) has sent to the city government. The fee would range from VND30,000 to VND50,000 (US$1.32-2.2) per entry and to collect it, the company would install 36 collection booths on the streets leading to the city center. Between 6 a.m. and 7 p.m. taxi cabs would be charged VND30,000, private cars VND40,000, and trucks and commercial vehicles, including those owned by State agencies, VND50,000. The project would need a total investment of nearly VND1.8 trillion (US$79.3 million), and have an expected collection time of 15 years, from 2019 to … [Read more...] about Cars to pay fee for entry into downtown HCMC in 2019

Tollgate operator reports VND253.1 billion revenue in quarter threeLe Anh A road toll station of HCMC Infrastructure Investment JSC on Hanoi Highway - PHOTO: ANH QUAN HCMC – HCMC Infrastructure Investment JSC (CII) has put its third quarter revenue from its build-operate-transfer (BOT) road toll stations at VND253.1 billion (US$11.1 million), a year-on-year rise of 23.5%. If revenue from other tollgates is included, the total in the first quarter would rise to around VND702 billion (US$30.8 million), up 17.5% against the same period last year. Accumulated revenue from Ca Na tollgate grew 79.1%, the highest growth rate compared to others under CII, helped by a toll fee increase in Ninh Thuan 2 road project since April this year. In the year to September, the company had seen its accumulated revenue rising 6.9% year-on-year. More investors have shown interest in infrastructure projects since the Government adopted new investment policy … [Read more...] about Tollgate operator reports VND253.1 billion revenue in quarter three

Waste from thermal power plants increasingly affects the environmentTrung Chanh A view of Duyen Hai Thermal Power Plant in the Mekong Delta province of Tra Vinh. The rising number of thermal power plants in the country is seriously menacing the environment - PHOTO: TRUNG CHANH CAN THO – Waste from thermal power plants across the country is having more damaging effects on the environment, so workable treatment solutions should be sought, heard a seminar in Can Tho City yesterday on the use of coal ash and gypsum from such plants. Pham Van Bac, head of the Building Materials Department under the Construction Ministry, said the country has 21 operational thermal power plants, with 13 ones using pulverized-coal combustion and the remainder using circulating fluidizing bed. Bac referred to the Prime Minister’s Decision 428/QD-TTg, saying the Government plans to raise the number of thermal power plants to 57 by 2030. Therefore, he said, … [Read more...] about Waste from thermal power plants increasingly affects the environment

Some investors withdraw from BOT transport projectsLan Nhi Cai Lay Tollgate in Tien Giang Province has not resumed toll collection for weeks after strong protests from drivers - PHOTO: TRUNG CHANH HCMC – Some investors developing national highway upgrade projects under the build-operate-transfer (BOT) format have asked to withdraw from these projects, while the Ministry of Transport also announced the BOT formal from now on will only apply to projects to develop new roads. In late September, 36 Corporation under the Ministry of Defense sent a document to the Ministry of Transport seeking to withdraw from phase two of the BOT project to upgrade a 55.7-kilometer section of National Highway 19 from Binh Dinh Province to Gia Lai Province costing an estimated VND391 billion. Phase one of the project, which cost nearly VND1.4 trillion, was completed in 2016, and the investor has collected tolls on the route from June 2016.  There are … [Read more...] about Some investors withdraw from BOT transport projects

Major bridge in Mekong Delta ready late this yearTrung Chanh Nguyen Dinh Vien, deputy general director of Cuu Long Corporation, speaks at a working session with Can Tho City on September 18 - PHOTO: TRUNG CHANH CAN THO – Vam Cong Bridge, which connects Can Tho City and Dong Thap Province, will be opened to traffic in late December this year. Nguyen Dinh Vien, deputy general director of Cuu Long Corporation for Investment, Development and Project Management of Infrastructure, the developer of the bridge, told the Daily on the sidelines of his working session with Can Tho City on September 18 that the bridge is 95% complete. The corporation is trying to finish the bridge by November 31 and access roads by December 31.  The final spans of the bridge will be put in place late this month. Vam Cong Bridge spans the Hau River and connects Dong Thap’s Lap Vo District and Can Tho’s Thot Not District. The bridge alone is around … [Read more...] about Major bridge in Mekong Delta ready late this year