In order to mobilise 240 trillion VND (10.5 billion USD) for national railway development in the next 10 years as set by the freshly-approved railway planning for the 2021-2030 period, economists said that it is crucial to design specific capital attraction mechanisms.
Vietnam will add 18 new routes, 1,528km in total length, to its national railway network by 2050, according to a draft planning for the 2021 – 2030 period, with a vision towards 2050.
Due to Vietnam’s natural features and geography, the development of a high-speed railway is imperative and any delays will hinder socio-economic growth, Chairman of Vietnam Railways Vu Anh Minh has said.
According to representatives from State management agencies and industry experts, diverse investment in high-speed railway is considered feasible in Viet Nam.
The consultancy agency of the North-South high-speed railway project has released proposals on investment in Hanoi - Vinh (Nghe An) and Ho Chi Minh City - Nha Trang sections with a total length of 615 km, according to a representative from the Ministry of Transport.
The Thai-Chinese high-speed railway from Bangkok to Nakhon Ratchasima will act as a major spur to the economy, Thai Prime Minister Prayut Chan-o-cha said on October 28. He made the affirmation while presiding over a ceremony at Government House to sign a contract worth 50.63 billion THB (1.62 billion USD) for the Bangkok-Nakhon Ratchasima section of the route.
Deputy Prime Minister Trinh Dinh Dung has ordered relevant ministries to allocate sufficient funding for the appraisal of the pre-feasibility study of the North-South high-speed railway project.
Indonesia will build two railways on Java island – the world’s most populous island under the 2020-2024 National Medium-Term Development Plan signed by President Joko Widodo on January 20.
Chinese investment applications in Thailand surpassed those made by Japanese companies for the first time in 2019, standing at 262 billion baht (8.66 billion USD), the Board of Investment (BoI) has announced.
The Ministry of Transport will prioritise investment in building expressways in 2020 to improve connection between economic centres, regions, and industrial parks, as well as ensure traffic safety, Minister Nguyen Van The said in a recent interview granted to the Vietnam News Agency.
Proposals to improve ASEAN’s rail network and connectivity to meet international standards will be discussed at the 35th ASEAN Summit scheduled for early November.
Can Tho city attracted the largest number of Japanese businesses who came to the Japan External Trade Organisation (JETRO) in Ho Chi Minh City to learn about the investment environment in Vietnam’s southern provinces and cities, a JETRO official has said.
The State must play a key role in investing in the national railway infrastructure to boost development and attract more private investment, experts have said.
The Transport Ministry of Thailand will hold contract talks with China for the joint high-speed railway project between Bangkok and northeastern Nakhon Ratchasima province during the ASEAN Summit in November.
A ceremony was held on September 16 in Cam Hieu commune, Cam Lo district of the central province of Quang Tri to launch the construction of Cam Lo-La Son section on the major North-South Expressway.
The Ministry of Transport’s 58 billion USD plan for the North-South high speed railway faces daunting financial challenges, the Committee for Management of State Capital at Enterprises (CMSC) has said.
Indonesian Transportation Minister Budi Karya Sumadi has said that the Japan International Cooperation Agency (JICA) was completing a comprehensive feasibility study on the Jakarta-Surabaya railway.
High-speed railway invested to reach a speed of about 200 or more than 300km per hour is still receiving mixed opinions on the feasibility and ability to master technology of the country.
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