Asking the government to buy BOT Binh Loi: Very strange

The ‘get it’ mindset, ‘as far as it goes’, is very strange, requiring serious consideration and serious handling.
Very not good

The investor of the BOT Binh Loi – BOT waterway project in Ho Chi Minh City, with a total investment of about 1,300 billion VND – would like to stop the project without collecting fees. The reason given is that due to capital and port problems, the project is unable to collect fees as originally planned, and has no source of payback, so it asks the state to buy back. Binh Loi railway bridge before being dismantled. Photo: VNN Looking at the above reasons, Mr. Tran Do Liem – Chairman of Vietnam Waterway Transport Team said that it is very not good. “The investor of the project is in a stuck position, unable to recover capital, so he wants to return the project, not the state to buy back,” said Liem. The jam of the project according to Mr. Liem’s ​​analysis is that there is no port for toll collection. “As analyzed by the investor, in order to payback for the project, ships must go from Binh Loi railway bridge to Ben Tuc port and vice versa, as such, a fee will be collected when the vehicle enters the ports of An Son, Ben. Cuc and Rach Bap (Binh Duong). However, at present, An Son port has been partially built, Rach Bap port has not yet invested, and Ben Tuc port is being abandoned so there is no port for toll collection. Moreover, the investor has to borrow capital for the project, the interest the bank is having, but the project does not have a port to collect fees … the investor is having a hard time, “Mr. Liem said. From the above story, Mr. Liem also raised the question: Why is a project worth trillion dong being invested but there is no specific plan, no plans to collect fees and payback but still can do it? Answering the question above, Mr. Liem said that the project is the result of “just ask for”, “just do and count”. This needs to look at the responsibilities of both sides, because the investor himself, when implementing the project, has to fully calculate the possible options, can not have anything done, can not collect. capital return, ask for repayment. Who will take responsibility? Sharing with the difficulties of the business, however, pointing out two reasons that the project implementation was wrong from the beginning, Mr. Liem emphasized the reason why the project management board had to apply for the project to return. by the “get it, take it up to it” mindset, very strange. “First of all, it must be repeated since the information that Binh Duong province has approved the BOT fee collection plan for the Saigon river channel (the section from Binh Loi iron bridge – Ho Chi Minh City to Ben Tuc port – Binh Duong) at the price 70 VND / ton / km I said that this fee is unreasonable, it was wrong to start the project to renovate and upgrade the Saigon river channel and build a new Binh Loi iron bridge and collect the payback fee in the first place. It is unreasonable for the transport companies to use only part of the function of this river channel but have to bear the full fee to pay the investors back. Furthermore, water transport companies only use the Saigon River channel to move vehicles to Ben Tuc port but have to pay a payback fee for the construction of the Binh Loi iron bridge. This is like upgrading, covering a section of the road and then blocking the toll collection route as in road BOT projects. Next, the approval of the project without taking into account the plan of exploitation and reimbursement to the investor is wrong from both the investor’s side and the state management agency. The thought of applying for a project with a project or obtaining a project has led to the current confusion. Looking at the mining potential, there is absolutely no future. Inland waterway toll collection is vague, there is no specific regulation or specific price level. In addition, the source of vehicles to Binh Loi iron bridge mainly comes from Dong Nai, not much, plus the high fees will cause vehicles to find other ways. The mindset of both project execution and calculation is very dangerous, and both the investor and the management agency must be responsible, “said Mr. Liem. With this project, Mr. Liem said that it was a “good thing” and could not be stopped anymore. Therefore, both sides have to sit together, remove difficulties, find solutions to put the project into operation. It is more important, according to Mr. Liem, to handle responsibilities seriously with individuals and organizations involved in this project. “Obviously there are signs of asking – giving, a project does not have enough conditions to exploit business, has no plan to collect fees, the ability to recover capital but still deployed is emotional, irresponsible. This must be considered, clarified, responsible, wrong, wrong one must handle. The handling of responsibility is to avoid asking for messing around, causing waste, frustration, “he said. Integrity emphasized.