Time to reopen Cai Lay tollgate remains unknown By Trung Chanh The Ministry of Transport has yet to decide on the resumption of toll collection at Cai Lay tollgate - PHOTO: TRUNG CHANH CAN THO – The Ministry of Transport plans to work with the government of the Mekong Delta province of Tien Giang, where the long-suspended Cai Lay tollgate is located, to consider a time to resume the operations of the tollgate, said Deputy Minister of Transport Nguyen Nhat. At a meeting between the Ministry of Transport and the Tien Giang government, held today, January 25, Deputy Minister Nhat confirmed that the toll collection at the controversial tollgate would not be resumed on February 14 as earlier announced. Tien Giang Vice Chairman Pham Anh Tuan noted that the date of resumption would be decided by the Ministry of Transport. However, Tuan proposed the ministry ask the operator of Cai Lay tollgate, Tien Giang Investment Co., Ltd, to install a nonstop toll collection system. … [Read more...] about Time to reopen Cai Lay tollgate remains unknown
Lay 250 trillion dilithium eggs
Gov’t approval sought for resumption of toll collection at Cai Lay
Gov’t approval sought for resumption of toll collection at Cai Lay By Pham Nhat Cai Lay Tollgate undergoes renovation after roughly two years of toll suspension – PHOTO: VNA HCMC – The Ministry of Transport has asked the Government for approval to resume toll collection at the long-suspended build-operate-transfer (BOT) Cai Lay tollgate in the Mekong Delta province of Tien Giang. In a report to Deputy Prime Minister Truong Hoa Binh, the ministry said that after nearly two years of toll suspension, the project’s investor, National Highway No.1 Tien Giang Investment Co., Ltd., was facing multiple difficulties and a bank that has given the firm loans is concerned over the feasibility of capital recovery. Earlier, the State Bank of Vietnam suggested the ministry report to the prime minister on the settlement of problems related to toll collection. To resolve the project’s challenges and boost confidence for potential investors in BOT projects, especially the Eastern … [Read more...] about Gov’t approval sought for resumption of toll collection at Cai Lay
Cai Lay tollgate to resume operations after Tet
Cai Lay tollgate to resume operations after Tet The Saigon Times Daily Vehicles can pass freely at the Cai Lay tollgate in the Mekong Delta province of Tien Giang – PHOTO: TRUNG CHANH HCMC – Fee collection might resume at the long-suspended Cai Lay tollgate after the Lunar New Year holiday, or Tet, a source from the Directorate for Roads of Vietnam told Tuoi Tre Online newspaper. Nguyen Van Huyen, head of the directorate, said that leaders from the Transport Ministry will soon work with authorities in the Mekong Delta province of Tien Giang, where the controversial tollgate is located. The two sides are likely to keep the tollgate at the current site and provide discounts for all kinds of vehicles, he said. For example, car drivers will pay VND15,000, down from the previous VND35,000 per trip. In addition, authorities plan to offer fare reductions and exemptions to nearby households within a radius of 10 kilometers from the tollgate. Preliminary … [Read more...] about Cai Lay tollgate to resume operations after Tet
Reopening date of Cai Lay tollgate to be determined by end-January
Reopening date of Cai Lay tollgate to be determined by end-January By Trung Chanh Vehicles are seen passing through the Cai Lay tollgate – PHOTO: TRUNG CHANH CAN THO – The Ministry of Transport on January 31 will organize a meeting with relevant agencies and units to discuss solutions to toll collection at the long-suspended Cai Lay tollgate, operating under a build-operate-transfer (BOT) format. The decision on the date for resuming the operations of the tollgate will take center stage at the meeting, which will be chaired by Deputy Minister of Transport Nguyen Nhat. The toll collection is slated to recommence after February 14. Earlier, at a meeting between the ministry and the Tien Giang government, held on January 25, Deputy Minister Nhat confirmed that the toll collection at the controversial tollgate would be resumed after February 14. In addition to informing residents of the resumption of toll collection at Cai Lay tollgate, Nhat proposed the operator … [Read more...] about Reopening date of Cai Lay tollgate to be determined by end-January
Cai Lay tollgate to resume operations on March 25
Cai Lay tollgate to resume operations on March 25 By Trung Chanh A view of Cai Lay tollgate in the Mekong Delta province of Tien Giang - PHOTO: TRUNG CHANH CAN THO – The Ministry of Transport has decided to resume toll collection at the long-suspended Cai Lay tollgate in the Mekong Delta province of Tien Giang from March 25, Deputy Minister of Transport Nguyen Nhat told the Saigon Times on March 14. In addition, the ministry decided to retain the tollgate at the current site on National Highway 1. Deputy Minister Nhat had earlier asked the Directorate for Roads of Vietnam to direct the investor to complete repair and maintenance activities, including a 12-kilometer bypass section around Cai Lay Town and an upgraded section of National Highway 1, spanning 26 kilometers across Tien Giang Province. A report by the Ministry of Transport showed that the directorate has fulfilled its duty. Besides this, Nhat had assigned the Tien Giang Department of Transport to … [Read more...] about Cai Lay tollgate to resume operations on March 25
BIDV closes VND20.3 trillion deal with Korean partner
BIDV closes VND20.3 trillion deal with Korean partner The Saigon Times Daily Bank tellers of BIDV transact with customers in this file photo. BIDV has agreed to issue more than 603.3 million shares for KEB Hana Bank, raising some VND20.3 trillion - PHOTO: BIDV.COM.VN HCMC – The Bank for Investment and Development of Vietnam (BIDV) has agreed to issue more than 603.3 million shares, equivalent to 15% of its total outstanding shares, for KEB Hana Bank, raising some VND20.3 trillion. According to the local media, the board of directors of BIDV passed a resolution on July 22 approving the transaction, which will be made via a private placement with the South Korean partner. Closing yesterday’s session, the BIDV share price on the Hochiminh Stock Exchange stood at VND35,250, or 6% higher than the estimated selling price for KEB Hana Bank at VND33,640. The stock has jumped by some 13% since the beginning of this month. Regarding the proceeds, the local lender expects … [Read more...] about BIDV closes VND20.3 trillion deal with Korean partner