Highway 5 doubles the cost of up to 35,000 per ticket through the station

Beginning in 2016, the upgrading of National Highway 5 in the form of BOT will be transferred to Vietnam Infrastructure Development and Financial Investment Corporation (Vidifi). Investors will be responsible for repairing and maintaining this route with funds collected from toll booths.

National highway 5 is rapidly deteriorated due to overloaded vehicles. Artwork:  Viet Ha

According to a Vidifi leader, the current rate on National Highway 5 has not changed for 10 years, so the adjustment of fees is in line with the roadmap. In addition, this is a solution to increase revenue, ensuring the financial plan for the project Ha Noi - Hai Phong. If this business is not allowed to increase the cost of Highway 5, the financial plan for the Hanoi - Hai Phong expressway may be bankrupt.

Also under the financial plan of the project approved by the Prime Minister, Vidifi is increasing fees over time as other charging stations. Meanwhile, toll roads at national highways have adjusted 2-3 times compared to national highway 5.

According to Nguyen Van Thanh, Chairman of the Vietnam Automobile Transportation Association, the increase of 5 highway fees may cause difficulties for enterprises because the freight rates increase. But businesses can balance the cost of transportation when the shorter transit time, the means of consuming less material to make reasonable rates. Therefore, it is important for the state to better control the quality of BOT projects so that the owners of the vehicles are not disadvantaged when paying high fees.