Investors, bankers flee from BOT projects

vietnamnet Last update 13:00 | 11/04/2017

VietNamNet Bridge – Investors are fleeing from BOT (build-operate-transfer) projects in the transport sector after encountering many difficulties. 

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BOT investors are now in a dilemma as toll collection is not big enough to pay bank debts.

Tran Ngoc Le from Yen Khanh Production, Trade & Service Company, one of the major investors in the Hac Tri Bridge in Phu Tho province, said the monthly turnover from the project is VND5 billion, while the company has to pay VND10 billion in bank loan interest.

The investor initially expected to take back the investment capital after 17 years, but it has realized that the time may be 50 years.

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