Business

Construction starts on first railway project using RoK’s ODA

A kick-off ceremony for the construction of the Khe Net pass railway rehabilitation project was held on March 22 by the Ministry of Construction, the People’s Committee of central Quang Binh province, and the Republic of Korea (RoK)’s Economic Development Cooperation Fund (EDCF).
Construction starts on first railway project using RoK’s ODA ảnh 1Kick-off ceremony for construction of the Khe Net pass railway rehabilitation project (Photo: VNA)
Quang Binh (VNA) – A kick-off ceremony for the construction of the KheNet pass railway rehabilitation project was held on March 22 by the Ministry ofConstruction, the People’s Committee of central Quang Binh province, and theRepublic of Korea (RoK)’s Economic Development Cooperation Fund (EDCF).

This is the first such project inVietnam to be implemented with official development assistance (ODA) loans fromthe EDCF and counterpart capital from the Vietnamese Government with a totalinvestment of more than 2 trillion VND (80.6 million USD). It is implemented bya consortium of Vietnamese construction giant Deo Ca Group and the RoK’s IlSungVietnam Co., Ltd.

The project includes two packages, in whichthe first is to build two railway tunnels whose total length is 935m, andthe second is to construct and restore bridges and around 7km of railway.

Ngo Truong Nam, General Director of Deo CaGroup, said that the Khe Net pass project is identified as a"bottleneck" in the North - South railway line. Once completed, itwill improve the railway infrastructure, boost the speed, and shorten thetravel time on the Hanoi - Ho Chi Minh City railway in the coming years.

Deputy Minister of Construction Nguyen DanhHuy said that the project will become a symbol of cooperation between Vietnamand the RoK in the field of transportation infrastructure in general andrailways in particular, contributing to the development of diplomatic relationsin commensuration with the comprehensive strategic partnership of the twocountries./.
VNA
#Khe Net pass railway rehabilitation project #Republic of Korea #Economic Development Cooperation Fund #Hanoi - Ho Chi Minh City railway #Vietnam #Quang Binh #Vietnamplus #Vietnam News Agency
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