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.
The Eastern Economic Corridor Policy Committee of Thailand has agreed with a draft contract on the 290-billion-baht (over 9 billion USD) eastern airport city project at U-tapao airport.
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.
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.
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.
Sluggish disbursement of public investment capital will hamper the implementation of projects, and particularly, businesses that borrowed from banks will be seriously affected, a legislator has said.
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.
Roads leading to the would-be Long Thanh International Airport in the southern province of Dong Nai have been proposed with a view to ensuring the airport’s sustainable and long-term connectivity.
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.
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.
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
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