24.10.2022, 18:13

Cai Lay BOT stations collect nearly VND700 million each day

CAN THO – Since toll collection officially resumed on October 7, the two Cai Lay BOT stations have collected nearly VND9.5 billion, averaging out at VND700 million a day, according to the main investor of the project.

The number of vehicles passing through the toll stations reaches roughly 19,400 a day, some 600 lower than the figure during the trial period, said Le Trung Duy, director of Tien Giang National Highway 1 Investment Co., Ltd. as the investor.

Roughly 70% of the vehicles use the electronic toll collection lanes, while the rest pass through manual toll collection lanes.

The operation of the toll collection stations has remained stable since their resumption, Duy said.

The two toll stations in the Cai Lay BOT project originally aimed to collect toll fees from vehicles traveling on the 38.5-kilometer national highway section in Cai Lay Town to recoup the upgrade project’s investment.

The Cai Lay BOT project required an investment of nearly VND1.4 trillion, excluding VND60 billion for the setup of the new toll collection stations and VND500 billion being the interest on bank loans during the suspension of toll collection.

With an average revenue of VND700 million per day, the stations are expected to collect roughly VND255.5 billion yearly. That means it takes only around 5.5 years to fully recoup the investment, although the payback period was initially estimated at nearly 6.5 years.