Developers can receive subsidies of at least 20 percent of the interest
rate when taking loans from banks to develop, upgrade or expand coach
stations.
This is part of the incentives that the
Prime Minister has approved to attract the private sector towards coach
station projects.
The Prime Minister assigned the
People’s Committees of cities and provinces directly under the central
government, including Hanoi and Ho Chi Minh City, to make development
plans for coach station networks and to invite investors.
The investors will also be exempted from paying land rents for areas
used to build compulsory structures such as platforms, waiting rooms,
ticket offices and green spaces.
Investors of
station projects in disadvantaged districts will be exempted from paying
land rent for the whole station area.
They will
also enjoy corporate income tax of 10 percent for 15 years on the income
generated from operating the coach station.
The rate is half of that imposed on other areas.
The corporate income tax, reduced from 25 to 22 percent last year, is
expected to drop to 20 percent next year. Small and medium-sized
businesses have enjoyed a 20 percent rate since the second half of 2013.
At a recent meeting with the Hanoi People’s
Committee, Transport Minister Dinh La Thang said the private sector
could help improve the quality of transport services and suggested the
city should privatise all its coach stations.
General Director of the Directorate for Roads of Vietnam Nguyen Van
Huyen said transparent bidding in transport projects will attract
competent investors who would use investment effectively and improve
service delivery.-VNA