Hanoi suggests removal of northern Thang Long - Noi Bai toll station

Update: 06:45 | 09/06/2018

The Hanoi municipal People's Committee has continued to propose that the Ministry of Transport consider the elimination of the northern Thang Long - Noi Bai toll station.

Hanoi, northern Thang Long, Noi Bai, toll station, investment capital,  BOT project,   National Highway 2, payback period

The northern Thang Long - Noi Bai toll station.

Their reasoning is that the toll station is conducting fee collections to reimburse investment capital for the build-operate-transfer (BOT) project on building the National Highway 2 bypassing Vinh Yen city in Vinh Phuc province but it is located on the northern Thang Long - Noi Bai highway, now named as Vo Van Kiet Street in Hanoi’s suburban district of Soc Son.

For years, Hanoi residents have suggested the Hanoi municipal People's Committee and the Ministry of Transport submit to the Government the removal of the toll station because they have to pay toll fees for the BOT project in Vinh Phuc without using the bypass.

Previously, in 2013, the Ministry of Transport sent two requests to the Prime Minister, asking for a relocation of the BOT toll station to the National Highway 2 which is under the scope of the BOT project, otherwise, the State will buy the project. However, the request was rejected.

The project on building the National Highway 2 bypassing Vinh Yen city in Vinh Phuc province was approved by the Government and the investors use the northern Thang Long - Noi Bai toll station to recover their investments.

The toll station was officially handed over to investors to reclaim investments from January 1, 2011 with a payback period of 16 years and 10 months.

Source: NDO

 
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