Tollbooths to be introduced along National Highway 1 by June 30.
The Ministry of Transport (MoT) will invest $68.36 million in building 20 electronic tollbooths along Highway No. 1 by June 30.
The Tasco Joint Stock Company and the VETC Viet Nam Joint Stock Company won the bid for the project, under which electronic tollbooths will be built in the first phase along Highway No. 1 and the Ho Chi Minh Highway through the central highlands in the build-own-operate (BOO) model.
Deputy Minister of Transport Nguyen Hong Truong said that in the period from 2016 to 2018 electronic tollbooths will be added to existing pay-as-you-go tollbooths. After 2020, he went on, electronic tollbooths will be introduced around the country and replace all pay-as-you-go tollbooths.
Radio-frequency identification (RFID) will be used at the new tollbooths.
According to MoT experts it takes about three minutes for a motor car driver to pay the toll at a tollbooth. Electronic tollbooths would therefore help save time estimated at VND2.8 trillion ($125.6 million) and curb energy waste by VND233 billion ($10.45 million) per year.
- Ministry of Transport