RoK to fund Laos-Vietnam railway feasibility study
Vietnam's transport ministry and the Korea International Cooperation Agency (KOICA) have agreed to study the feasibility of a 500 km-long railway link from Laos' Vientiane to Vung Ang in Ha Tinh.
The transport ministry and the Korea International Co-operation Agency (KOICA) sign a Record of Discussion to study the feasibility of a 500 km-long railway link from Laos' Vientiane to Vung Ang in central Ha Tinh province of Vietnam. (Source: KOICA Viet Nam)Vietnam's transport ministry and the Korea International Cooperation Agency (KOICA) have agreed to study the feasibility of a 500 km-long railway link from Laos' Vientiane to Vung Ang in central Ha Tinh province of Vietnam.
After the feasibility study and the approval of substantial financing, the two governments' strong will, commitment and appropriate support will be required to implement the construction, Country Director of KOICA Vietnam Chang Jae-yun said at the signing ceremony of the record of discussion in Hanoi on October 6.
The study will be conducted with a 3-million-USD ODA grant from KOICA for three years from 2015, with the aim of preparing a master plan and providing capacity building to the railway sector in the two countries.
The project is expected to not only help improve the quality of life of the people in Vietnam and Laos, but also revitalise their bilateral trade and industrial economic development.-VNA
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