Deputy Prime Minister Vuong Dinh Hue has sent a dispatch agreeing with a proposal by the Ministry of Finance to reduce road toll by 10-20 percent to some means of transportation.
Trucks with the loading capacity of 10-18 tons, from 18 tons and more; and 20 feet and 40 feet container lorries will see a reduction of 10-20 percent at tollbooths applying maximum toll levels as per Circular 159.
Similar fee cut rate will be applied to less than 12 seater and 13-20 seater buses, trucks of under two tons and 2-4 tons and types of buses at five stations with the highest toll level now. This aims to make toll rates at the fives places equivalent to that at others.
At present, Vietnam has 86 BOT (Build-Operate-Transfer) tollbooths under the management of the Ministry of Transport. Of these, 45 are placed in highways and expressways. Five out of 29 stations with charge regulated at Circular 159 of the Ministry of Finance apply the highest rates.
The Deputy PM has assigned the Ministry of Transport to review all contracted BOT projects to renegotiate with investors about toll level adjustment and a roadmap to implement each project.
Basing on the negations’ results, the Transport Ministry will propose the Ministry of Finance to issue a new circular to adjust and rationalize toll levels, he instructed.
Related article:
Finance, Transport Ministries propose 10-20 percent road toll cut
