Vietnam Railway Corp to Start US$1.34-Bln Projects This Year
Vietnam Railway Corporation said that it will kick off two big projects worth a total investment capital of VND21.57 trillion (US$1.34 billion) in 2008, the Vietnam News Agency reported March 27.
The two projects include construction of Yen Vien-Ngoc Hoi elevated railway and upgrade of Yen Vien-Lao Cai railway.
The corporation will spend over VND19 trillion on the elevated railway’s first phase which is designed to build the 15.36 kilometer Gia Lam-Giap Bat section from 2008 to 2016.
The second stage will develop Giap Bat-Ngoc Hoi and Gia Lam-Yen Vien sections from 2016 to 2020.
Meanwhile, the firm will conduct design survey for the upgrade of Yen Vien-Lao Cai railway from this June to September 2009.
Work on the VND2.57-trillion project is scheduled to begin from early 2010 and end in 2012.
It will also carry out several other projects this year including upgrade of Long Bien bridge, Chua Ve-Dinh Vu railway, and bridges on North-South railway.
According to the Vietnam Railway Corp, Vietnam is calling for US$49 billion to build and improve 12 railway projects from now to 2010 in a bid to maintain the country’s high economic growth rate and reduce traffic accidents. (Vietnam & World Economy, VNS)
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