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NEWS: The MoT announces investment bonanza

The Ministry of Transport is calling on investors to raise capital for 18 expressway projects with the total value of VND205.56 trillion ($10 billion).

Under these projects, the total length to be built is 102 kilometres in the BT format and 541 kilometres in the BOT format. The total government contribution amounts to VND24 trillion ($1.07 billion), of which the amount gained from selling toll collection rights is VND1.8 trillion ($82 million), government bond sales is VND20.5 trillion ($919 million), and VND1.7 trillion ($76.2 million) will be allocated from the state budget.

Among 11 afore-mentioned project, only Cam Lo-La Son BT project will be wholly financed from the state coffers after 2020 at the cost of VND8.7 trillion ($390 million).

Other projects prioritised for investment are: 

By Anh Minh

Source: http://www.vir.com.vn/