According to the Ministry of Transport, this is a project with a very large investment capital, complex scale, and has been allowed by the Government to invest in the form of a BOT (build - operate - transfer) contract. The route will be implemented in 43 months from the time of implementing the first construction package. The time of construction to roughen the road surface is 5 years after the expressway is put into use.

From January 1, 2009, VIDIFI will take over the right to collect tolls on National Highway 5 to repay the investment capital of this project. Ticket prices from January 1, 2009 until the new expressway is put into operation (around 2012) will be at the current rate of the Ministry of Finance. After that, the ticket price of Highway 5 will increase 1.2 times. The remaining time will increase ticket prices every 5 years, increasing 1.2 times compared to the previous time until the ticket price is equal to 2.0 times the price prescribed by the Ministry of Finance, then it will not increase anymore.

Like VietNamNetreported, the time for investors to collect capital return fees is temporarily calculated to be 35 years. The cost of organizing and managing toll collection activities at National Highway 5 toll stations is equal to 10% of annual revenue. The cost of organizing toll collection and highway management (including lighting electricity) is temporarily calculated in the financial plan to be 6% of highway toll revenue as stated in the project (after 2 years it will be adjusted again).

It is known that the cost of the first overhaul of the project (after 15 years from the date it was put into operation) is calculated at 42% of the cost of road surface construction like current roads. Subsequent overhauls are calculated at 21% of the pavement construction cost.

 

The price inflation coefficient to convert construction costs to the year of calculating regular maintenance, repair and overhaul costs is 8%/year (each year increases 1.08 times).

 

The Ministry of Transport also said that investors will have to pay interest rates on investment loans according to specific periods: From June 2009 onwards, the interest rate is 20%/year; From July 1, 2009 to the end of 2010, it is 15 - 16%/year; From 2011 to the end of 2014, about 13.5 - 14.5%/year; From 2015 onwards, about 12 - 13%/year.

 

The expected interest rate on the investor's equity from the beginning of the mobilization until the end of the 10th year from the completion of the project is 14.5%/year. The next period is 13.5%/year.

Source: Hoang Huy(Vietnamnet)