Vientiane – Vung Ang railway needs over 5 billion USD

More than 5 billion USD is needed to build a railway linking the Lao capital of Vientiane with Vung Ang seaport in Vietnam, according to research conducted under a technical support project for the railway’s feasibility study.

Friday, May 04, 2018 14:26

Vientiane – Vung Ang railway needs over 5 billion USD ảnh 1

The research outcomes were transferred to the Ministry of Transport of Vietnam on May 3 (Source: Ministry of Transport)

Hanoi (VNA) – More than 5 billion USD isneeded to build a railway linking the Lao capital of Vientiane with Vung Angseaport in Vietnam, according to research conducted under a technical supportproject for the railway’s feasibility study.

Consultants from theKorea International Cooperation Agency (KOICA), which funded the project,estimated that Vietnam would need more than 1.5 billion USD.

The research outcomeswere transferred to the Ministry of Transport of Vietnam on May 3.

The Vientiane-Vung Ang railway is a keyinfrastructure project in the Association of Southeast Asian Nations (ASEAN), whichconnects Vietnam and Laos and also intersecting at a point with the Singapore –Kunming (China) railway.

The railway route has a total length of 554.72km, with 102.7 km in Vietnam, running from Vung Ang seaport in central Ha Tinhprovince to the Vietnam-Laos border at Mu Gia mountain pass in central QuangBinh province.

The RoK suggested investing under thepublic-private partnership (PPP) form.

The Ministry of Transport asked the KOICA to persuadethe RoK’s government to help with calling for investment for the project.-VNA

VNA

#railway #Vientiane #Vung Ang seaport #technical support #feasibility study #Korea International Cooperation Agency (KOICA) #Association of Southeast Asian Nations (ASEAN) #Singapore – Kunming (China) railway #public-private partnership (PPP) form #investment #Vietnamplus #Vietnam News Agency Korea (RoK) Laos Vietnam

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