According to economist Le Dang Doanh, it is necessary to relocate Cai Lay BOT (build-operate -transfer) toll station due to its unreasonable location.
Prime Minister Nguyen Xuan Phuc has decided to suspend Cai Lay toll station for one to two months so that the Ministry of Transport (MoT) and relevant authorities can clarify all issues to propose the proper and practical solutions.
The arbitrary implementation of the projects without strict supervision and clear legal framework has turned build-operate-transfer (BOT) projects into slices of the pie for interest groups,” the economist Dr Le Dang Doanh said.
Market mechanism in build-operate-transfer (BOT) projects in Vietnam seems to be put in loose control as investors involved in the BOT definitely obtain profits other than losses owning to the State's incentives.
Many of BOT (Build-operate-transfer) projects have bothered the public. The recent outstanding problems related to Cai Lay toll station in Tien Giang province or Tao Xuyen toll station in Thanh Hoa province once raise the public question when shortcomings of BOT projects will be radically and explicitly resolved.
Numerous violations were detected in many Build - Transfer (BT) and Build - Operate - Transfer (BOT) transport and environmental projects in Hanoi, according to a conclusion just released by the Government Inspectorate.
Investors are fleeing from BOT (build-operate-transfer) projects in the transport sector after encountering many difficulties.
