Company seeks to invest $68.746 million in toll booths and weighbridges.
The Tasco JSC has proposed to the Ministry of Transport it be the investor in implementing a project of non-stop automatic tolls and vehicle weighbridges throughout the country under the build-own-operate (BOO) form, with total investment of $68.746 million. More than 100 toll booths will be built in total.
In the first phase Tasco will build all necessary toll booths along National Highway No. 1, expanded road projects, and in the central highlands (National Highway No. 14) from 2015 to 2016. In the second phase it will build toll booths on other expressways and national highways throughout the country, from 2017 to 2018.
It will invest in operations centers, data systems, transmission lines, and equipment, according to Mr. Vu Quang Lam, General Director of Tasco. Infrastructure around toll booths (wider road surfaces and barriers, etc.) and weighbridges will be invested by build-operate-transfer (BOT) investors.
Revenue from the tolls, after deducting expenses, will be paid to the accounts of the BOT investors. The Ministry of Transport will supervise and inspect the toll price imposed by Tasco.
The aim is to modernize Vietnam’s transport infrastructure, charging road users to generate funds. It will also help to eliminate traffic jams, saving time and fuel costs for drivers. The toll price structure will be transparent, weighbridges will be accurate and controlled, and the State will be able to manage vehicle flows and monitor speeds. Mr. Lam believes that the implementation of automatic toll booths and vehicle weighbridges will provide huge socio-economic benefits.
On March 13 Tasco successfully held a test run of its automatic toll booths and weighbridges on National Highway No. 1 in central Quang Binh province, and is ready for their widespread application.