Transport Ministry may have to pay compensation to Japanese contractor ![]() The In this case, the state budget has to bear losses for the irresponsibility of relevant agencies. But the risk is greater since the incident can create a bad precedent for many other cases of compensation in the future. The Ministry of Transport and the Deputy Minister of Transport Nguyen Hong Truong told Thanh Nien newspaper that the Ministry of Transport is in the process of negotiating with contractor Tokyu on the compensation for the slow site clearance for Package 3 of the Package 3 - the road to Truong said that the slow clearance was caused by both objective and subjective reasons. Objectively, site clearance depended on many factors such as policies, people's awareness, and the implementation involving many agencies. For the Package 3, not only houses were removed but also a 200 kV power transmission line. However, the Japanese contractor asked the investor to give them more than VND155 billion out of the contract to cover the costs arising from the extension of the contract by additional 27 months. The contractor’s demand is valid because the contract stated that if the site clearance is delayed, the contractor has the right to request the additional costs. Mr. Vu Khoa, chairman of the Association of Vietnam Building Contractors, said that the association had repeatedly recommended Vietnamese investors to pay special attention to the two extremely important contents in signing contracts with contractors: handing over land and ensuring adequate capital but Vietnamese officials and investors often neglect them. At the same time, international contractors always set strict conditions on these contents. "This is a very expensive lesson, though we lose money, it will change the unprofessional way of doing business of Vietnamese investors," Khoa said. Dr. Pham Sy Liem, Vice President of the Vietnam Construction Association, said: "We have to pay compensation but the investor must be punished and has to pay the compensation, not the state budget." Although most of transport projects in "There are so many reasons so we cannot make hasty conclusions. But investment is from the state budget so organizations and individuals involved will be punished," said Deputy Minister of Transport Nguyen Hong Truong. The project to build The project has a total investment of more than VND13.626 billion of ODA loans from An official of a big transport project in "In other provinces, the project management units perform all site clearance procedures but Deputy Minister Nguyen Hong Truong said learning from experience of the Package 3 of the The risk of repetition in many projects Mr. Do Tat Binh, Chief Manager of Noi Bai T2 Terminal Project in Soc Son District, "This area is very small and it should have done half a year ago, but until now it has not finished while we need land for construction next week. Although we worked with Soc Son authorities many times and transferred cash for land compensation but there is no change," Binh said. He added that if land is not handed over as schedule, the contractor will certainly make complain. Mr. Luong Quoc Viet, Deputy General Director of the Vietnam Highway Investment and Development Corporation (VEC) - the investor of the Compiled by Na Son |
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