China had funded 10 million yuan (1.4 million USD) for the preliminary planning of a controversial train project in Vietnam that would connect the northern border region all the way through to a busy eastern port, the Ministry of Transport announced on November 25.
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.
Prime Minister Nguyen Xuan Phuc has urged ministries, Tien Giang province, investors and bankers to work to ensure the progress and equality of the Trung Luong – My Thuan expressway – a key route for the development of the Mekong Delta while chairing a meeting of permanent Cabinet members in Hanoi on July 30.
Regarding the total investment of 58.7 billion USD, the high-speed railway is difficult to ensure financial viability, which is a huge burden on the economy.
The tentative total investment for the North-South high-speed railway, according to the Ministry of Planning and Investment (MPI), is about 26 billion USD, 32.7 billion USD less than the previous proposal by the Ministry of Transport (MoT).
A lot of options have been proposed to select investors for the North-South express railway project, which is expected to help strengthen the nation’s transport capacity and socio-economic development
The smart city initiative in the framework of the Eastern Economic Corridor (EEC) is likely to be the second development project in Thailand with the participation of China and Japan, following a high-speed rail network project.
Thailand plans to revive a railway line that has been disused for more than 20 years between it and Malaysia to increase connectivity between the two countries.
Thailand, Laos and China have signed a Memorandum of Cooperation (MoC) on the development of a rail line connecting Thailand’s Nong Khai province with Laos’s Vientiane capital city.
Deputy Prime Minister Vuong Dinh Hue has affirmed that the Vietnamese government and north central localities are ready to offer all possible support to Japanese partners to expand their business operations there.
A leader of the Vietnam Railway (VNR) Corporation said no countries in the world can complete a national express railway system within a few years because that work needs at least about 20 years.
With an estimated length of over 1,500km, the new railway will run through 20 provinces and cities. Nearly 60% of the route will pass through viaducts and tunnels.
The amendments to the Law on Enterprise and Law on Investment must include stronger solutions to thoroughly and comprehensively reform State-owned enterprises (SOEs) and enhance their efficiency, according to the Vietnam Association of Financial Investors (VAFI).
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