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BT project owner - Hue Intersection proposed payment of investment costs

DNO - Trung Nam Hue Intersection BT Company Limited has just sent a document to the Government Office, the Ministry of Construction, and the Ministry of Finance requesting to resolve the problem of payment settlement of the Hue Intersection Traffic Intersection project in Da Nang city under the BT form.

Báo Đà NẵngBáo Đà Nẵng14/06/2025

Hue Intersection has been in operation for nearly 10 years in Da Nang city.
Hue Intersection has been in operation for nearly 10 years in Da Nang city.

According to the investor of the Hue Intersection Interchange project (Da Nang city), which has been in use for nearly 10 years, the investor has not yet been paid in full. This investor recommends that detailed regulations on payment for BT projects be issued soon to resolve the issue for businesses. At the same time, the problem of the Hue Intersection Interchange Interchange be updated on the data system of transitional BT projects as required by Steering Committee 751.

It is known that recently, the Department of Finance of Da Nang city has reported to the Ministry of Finance on reviewing BT project data at the request of Steering Committee 751 (Steering Committee for resolving difficulties and problems of backlogged projects, established under Decision No. 751 of the Prime Minister).

Specifically, on May 19, 2025, based on the direction of the People's Committee; The Department of Finance of Da Nang City issued Official Dispatch No. 1978/STC-DT&HTQT to the Ministry of Finance requesting to update the problem of "the project has been completed, handed over and put into use in 2017 and paid for construction costs, but has not yet settled and paid for profit and interest expenses during the payment waiting period" of the Different Level Interchange project at the Hue Intersection - Da Nang City to the data system of transitional BT projects as requested by Steering Committee 751 in Official Dispatch No. 6164/BTC-QLDT of the Ministry of Finance. Therefore, the Department of Finance sent information of this project for the Ministry of Finance to synthesize and update...

Based on the Investor's proposal and the document of the Department of Finance of Da Nang City, BT Nga Ba Hue Trung Nam Company Limited respectfully requests the Government Office, the Ministry of Finance, and the Ministry of Construction to pay attention and thoroughly handle the proposals of the investor and the People's Committee of Da Nang City.

The Hue Intersection Overpass Project has a total investment of over VND 2,050 billion, implemented under the BT contract form. The investor is Trung Nam Hue Intersection BT Company Limited and the competent state agency is the People's Committee of Da Nang City.

The Hue Intersection Overpass was put into use in 2015 and is a key traffic project in Da Nang. Although it has been in operation for nearly 10 years, the company has not yet been paid in full.

On the side of the People's Committee of Da Nang city, many recommendations have been sent to relevant ministries, branches and agencies to handle project problems.

Not only the government, but also city voters have repeatedly reported that the project has been put into use for many years but the investors have not yet been fully paid. The project's debt continues to incur interest, causing many difficulties and losses for businesses.

There have been many meetings with relevant agencies, however, due to problems arising in the project settlement procedures under the BT contract form, the project has not been able to complete the investment capital settlement procedures...

FAMILY BLESSINGS

Source: https://baodanang.vn/kinhte/202506/chu-du-an-bt-nut-giao-nga-ba-hue-de-nghi-thanh-toan-kinh-phi-dau-tu-4009618/


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