Business

17 billion USD needed to build railway connecting to seaports

As much as 17 billion USD is needed to build two railway routes connecting to seaports, namely Lao Cai-Hanoi-Hai Phong and Bien Hoa-Vung Tau, according to the Ministry of Transport (MoT).
17 billion USD needed to build railway connecting to seaports ảnh 1Illustrative image (Photo: baodautu.vn)

Hanoi (VNA) – As much as 17 billionUSD is needed to build two railway routes connecting to seaports, namely LaoCai-Hanoi-Hai Phong and Bien Hoa-Vung Tau, according to the Ministry of Transport (MoT).

A pre-feasibility study is underway for the Bien Hoa-Vung Tau route with 1,435mm gauge tracks. It is 128km long with a total investment of 6.2 billion USD.

Meanwhile, the detailed planning of the 380km-long LaoCai-Hanoi-Hai Phong project hasbeen basically completed at a cost of about 11 billion USD.

According to the MoT, a large amount of the money for the two projects will come from the public investment fund. Due totheir big investment, the two projects have been included in thelist of those that call for foreign investment in the 2021-2025 period, theministry said, adding that it is preparing for capital mobilisation sothat construction of the projects will start before 2030./.

VNA
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