Phu My Bridge Corp. not selling toll-collection rights
Published: 20/12/2009 05:00
| General Director of the Phu My Bridge BOT Corp. Nguyen Thanh Thai has denied a rumor the company is transferring the right to collect Phu My Bridge tolls to another company.
General Director of the Phu My Bridge BOT Corp. Nguyen Thanh Thai has denied a rumor the company is transferring the right to collect Phu My Bridge tolls to another company. Surrounded by tolls, Phu My Bridge may be avoided The cable-stayed Phu My Bridge spanning the Saigon River to link Ho Chi Minh City’s districts 2 and 7 was officially opened to motorbikes and cars of under nine seats September 9. The six-lane bridge, which began construction in early 2007, has a total invested capital of some VND2 trillion. It is 2.5 kilometers long and has a vertical clearance of 45 meters for river vessels. Currently, if vehicles want to cross the Phu My Bridge to reach the Hanoi Highway, they must pay a toll on street 25B and again on the Hanoi Highway. Despite having to pay two tolls, Mr. Thai said many motorists prefer to cross the bridge because it is 10 kilometers shorter to reach the Hanoi Highway. Otherwise, vehicles must travel along Nguyen Tat Thanh Street and Nguyen Huu Canh to reach the highway. In addition, the HCMC City People’s Committee has approved the construction of a new road leading from Phu My Bridge to the Phu My Bridge BOT Corp.’s headquarters. Construction on the road is expected to start in two years. The fee to cross the Phu My Bridge is decided by the People’s Committee, Department of Transport and other concerned agencies, said Mr. Thai. VNN/SGGP |
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