Cat Linh-Ha Dong railway (Source: VNA) Hanoi (VNA) – The Export-Import Bank of China (China Eximbank) has completed procedures to disburse an additional loan worth 250.6 million USD for 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 speed up the construction and installation of equipment. Any difficulty arising during the implementation process should be reported immediately to the ministry, 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 95 percent of the project has been done, and the progress was delayed due to slow disbursement.
He said the board asked the contractor to make weekly and monthly plans and sign deals with sub-contractors toward completing the project on schedule as directed by the government and the Ministry of Transport.-VNA
