BOT transport investors grappling with finances

Investors in build-operate-transfer (BOT) transport projects are struggling with financial plans because of inadequate policies on calculating loan interest rates and from not being entitled to a refund of value-added tax on invoices arising after the project is put into operation. Vietnam has 107 toll booths on its highways, most of which have not reached the expected level of revenue, making it difficult for BOT investors to repay loans.