The Vietnam Railway Corporation (VNR) will cooperate with Vingroup ininitiating steps to invest in the upgrade of railway stations.
This follows the Transport Ministry's call for investment in the railway sector from various economic sectors.
Ina statement sent to Vingroup in response to the group's proposal toinvest in upgrading and using Hanoi, Da Nang and Saigon stations, theVNR said it wanted Vingroup to become a strategic partner in using therailway infrastructure managed by it.
VNR said it would help in effective utilisation of the railway infrastructure, while reducing the pressure on the state budget.
Earlier, Vingroup sent a document to VNR in late June, proposing cooperation in upgrading rail infrastructure.
Vingrouphas informed the Transport Ministry that it would submit a cooperationplan with VNR on upgrading Saigon and Hanoi stations before July 30.
The two sides have discussed measures to ensure the stations operate effectively and to improve financial efficiency.
Lastweek, Vingroup sent a letter to the Transport Ministry, expressing itsinterest in investing in a new railway station in the central city of DaNang, as the authorities plan to move the existing station out of thecity.
The proposed investments in the railways are in response tothe government's policies allowing various economic sectors to investin the sector to modernise it, and to ease the burden on public funds.
VNRsaid it spent 7 trillion VND (352.58 million USD) in the 2011-15 periodto upgrade the network and introduce new technologies to manage theoperations.
By 2020, an estimated 2 trillion (93.02 millionUSD) more will be needed for continued implementation of these plans,and 60 trillion VND (2.79 billion USD) for 12 projects to modernise themain routes.-VNA
This follows the Transport Ministry's call for investment in the railway sector from various economic sectors.
Ina statement sent to Vingroup in response to the group's proposal toinvest in upgrading and using Hanoi, Da Nang and Saigon stations, theVNR said it wanted Vingroup to become a strategic partner in using therailway infrastructure managed by it.
VNR said it would help in effective utilisation of the railway infrastructure, while reducing the pressure on the state budget.
Earlier, Vingroup sent a document to VNR in late June, proposing cooperation in upgrading rail infrastructure.
Vingrouphas informed the Transport Ministry that it would submit a cooperationplan with VNR on upgrading Saigon and Hanoi stations before July 30.
The two sides have discussed measures to ensure the stations operate effectively and to improve financial efficiency.
Lastweek, Vingroup sent a letter to the Transport Ministry, expressing itsinterest in investing in a new railway station in the central city of DaNang, as the authorities plan to move the existing station out of thecity.
The proposed investments in the railways are in response tothe government's policies allowing various economic sectors to investin the sector to modernise it, and to ease the burden on public funds.
VNRsaid it spent 7 trillion VND (352.58 million USD) in the 2011-15 periodto upgrade the network and introduce new technologies to manage theoperations.
By 2020, an estimated 2 trillion (93.02 millionUSD) more will be needed for continued implementation of these plans,and 60 trillion VND (2.79 billion USD) for 12 projects to modernise themain routes.-VNA
