On November 19, the Ministry of Finance sent a document to the Ministry of Transport regarding the establishment of public ownership of assets of the National Highway 51 expansion project, section Km0+900 - Km73+600 in Dong Nai and Ba Ria - Vung Tau provinces under the form of a BOT contract.
In the document, the Ministry of Finance said that according to the official dispatch of the Ministry of Transport and the attached documents, the project currently has some outstanding issues and is continuing to work and negotiate with the investor to resolve them, such as the fee for preserving the owner's capital; the time for collecting fees to create profits for the project; and the negotiation of early contract termination. Thus, there are still outstanding issues regarding the negotiation of early contract termination of the project.
Because the Ministry of Transport has not yet completely resolved the above problems, there is not enough basis for the Ministry of Finance to comment on the establishment of public ownership of the assets transferred from the investor of the National Highway 51 expansion investment project, section Km0+900 - Km73+600 in Dong Nai province and Ba Ria - Vung Tau province under the form of BOT contract.
The Ministry of Finance also requested the Ministry of Transport to direct the Vietnam Road Administration and relevant units to thoroughly resolve the remaining issues of the project to terminate the BOT contract of the project in accordance with the provisions of the Law on Investment in the form of public-private partnership. On that basis, an official opinion will be sent to the Ministry of Finance for consideration and comments according to regulations.
On November 19, informing Lao Dong Newspaper, a representative of Bien Hoa - Vung Tau Expressway Development Joint Stock Company (BVEC) said: The investor hopes that the Ministry of Transport and the Vietnam Road Administration will soon resolve the existing problems and difficulties. Because in reality, the investor has not yet recovered the capital and has not yet paid off the loans to the co-financing banks...
