A scrap metal trader passes a railway crossing in Ho Chi Minh City's Binh Thanh District. The Government plans to build a $56 billion express railway line connecting Hanoi and Ho Chi Minh City, but some NA deputies are worried the project will be a huge financial strength. (Photo by Nghia Pham) … [Read more...] about Reservations, optimism as Vietnam lawmakers debates railway project
Railway projects
Faster progress of Cat Linh-Ha Dong railway project requested
The Export-Import Bank of China (China Eximbank) has completed the procedures to disburse an additional loan worth US$250.6 million for the Cat Linh-Ha Dong urban railway project in Hanoi.The information was unveiled by the Ministry of Transport’s Railway Project Management Board at a meeting held in Hanoi, on December 29, to review its performances in 2017.Speaking at the event, Deputy Minister of Transport Nguyen Ngoc Dong asked the board to work closely with the Chinese contractor to accelerate the construction and installation of equipment. Any difficulty arising during the implementation process should be reported to the ministry immediately, he said. Ten of the 13 trains for the Cat Linh-Ha Dong railway route have already been imported to Vietnam. Dong added that the Ministry of Transport will report the project’s progress to the government in January 2018 and propose a final deadline for the project.Vu Hong Phuong, deputy general director in charge of the … [Read more...] about Faster progress of Cat Linh-Ha Dong railway project requested
Faster progress of Cat Linh-Ha Dong railway project requested Most Recent News
NDO/VNA – The Export-Import Bank of China (China Eximbank) has completed the procedures to disburse an additional loan worth US$250.6 million for the Cat Linh-Ha Dong urban railway project in Hanoi. The information was unveiled by the Ministry of Transport’s Railway Project Management Board at a meeting held in Hanoi, on December 29, to review its performances in 2017. Speaking at the event, Deputy Minister of Transport Nguyen Ngoc Dong asked the board to work closely with the Chinese contractor to accelerate the construction and installation of equipment. Any difficulty arising during the implementation process should be reported to the ministry immediately, he said. Dong added that the Ministry of Transport will report the project’s progress to the government in January 2018 and propose a final deadline for the project. Vu Hong Phuong, deputy general director in charge of the board, said that 95 percent of the project has been completed and that the progress was … [Read more...] about Faster progress of Cat Linh-Ha Dong railway project requested Most Recent News
Investors neglect BOT railway projects
Investors neglect BOT railway projectsle anh Work starts on railway flyovers in central region By Le Anh - The Saigon Times Daily HCMC – Railway projects under the BOT format are unattractive to investors because of huge capital demand, slow capital recovery, and complicated administrative procedures. The Vietnam National Railway Administration has earlier recommended 20 railway projects to be developed under the forms of BOT (build-operate-transfer), BT (build-transfer), and BTO (build-transfer-operate). In early 2010, the list of projects was submitted to the Ministry of Transport. However, so far none of them has been carried out as they are still awaiting investors, said Nguyen Van Doanh, deputy director of the railway administration. Among the 20 railway projects calling for investment in 2010-2020, there are some large-scale ones such as the 381-km Lao Cai-Hanoi-Haiphong line using 1.43-meter-wide double track, costing VND91.2 trillion. Other notable projects are the Bien … [Read more...] about Investors neglect BOT railway projects
Ministry to transfer operation rights to railway projects
Ministry to transfer operation rights to railway projects Le Anh By Le Anh - The Saigon Times Daily HCMC – The Ministry of Transport will transfer the operation rights to not only highways but also railways in order to raise funds, especially from the private sector, for other infrastructure projects. According to the ministry’s plan for capital mobilization, the ministry will transfer the operation rights to certain railway sections to investors as well as call for investments in development of both passenger and cargo terminals and railway routes linking seaports. The ministry plans to sell the rights to operate the railway sections of Hanoi-Vinh, Vinh-Dong Hoi, Dong Hoi-Danang, Danang-Nha Trang, Nha Trang-HCMC, Lao Cai-Hanoi-Haiphong, Kep-Halong-Cai Lan, Hanoi-Dong Dang, Dong Anh-Quan Trieu, Bac Hong-Van Dien, Kep-Luu Xa, Cau Giat-Nghia Dan and Dieu Tri-Quy Nhon. Investors will be sought to develop a new passenger terminal at Nha Trang Railway Station in Khanh Hoa … [Read more...] about Ministry to transfer operation rights to railway projects