51.3 million USD invested in Vinh – Nha Trang railway renovation, upgrade project
21:55 | 09/08/2022 Print Article
The Ministry of Transport has approved the Vinh-Nha Trang railway renovation and upgrade project under the North-South railway with a total investment of over 1.2 trillion VND (51.3 million USD) from 2022 to 2025.
Hanoi - The Ministry of Transport has approved the Vinh-Nha Trang railway renovation and upgrade project under the North-South railway with a total investment of over 1.2 trillion VND (51.3 million USD) from 2022 to 2025.
|The Vinh-Nha Trang railway will be upgraded with a total investment of over 1.2 trillion VND (Photo: sggp.org.vn) |
The Railway Project Management Board under the Ministry of Transport was assigned to be investors in upgrading projects of roads, bridges and stations with a total length of nearly 1,000km.
The project aimed at ensuring traffic safety, improving the quality of railway connectivity, enhancing the capacity of transport, creating favourable conditions for luring customers and cargo, and effectively exploiting railway infrastructure in the section of Vinh-Nha Trang.
According to the Ministry of Transport’s investment decision, the project capital is from the State budget in the medium-term public investment plan for the period 2021-2025.
The provinces and cities of Nghe An, Ha Tinh, Quang Binh, Quang Tri, Thua Thien-Hue, Da Nang, Quang Ngai, Binh Dinh, Phu Yen and Khanh Hoa will carry out the project.
Compensation, site clearance and resettlement support of the project will cost 27.6 billion VND, which will be divided into sub-projects carried out by the Provincial People’s Committees of Ha Tinh, Quang Binh, Da Nang, Quang Ngai and Binh Dinh.
Work on the project will take place during train operation so the Ministry of Transport requires relevant units to ensure absolute safety.
| ||Nippon Koei seeks business opportunities with Vietnam Railways |
A business group led by Hirofumi Mori, chief representative of Nippon Koei in Vietnam, on May 30 worked with state-owned railway giant Vietnam Railways (VNR) on the possibility of joining in railway projects.
| ||Ho Chi Minh City-Can Tho High-speed Railway to boost development |
CT Group – with its desire to invest in traffic infrastructure and particularly a high-speed train to the Mekong Delta – shared information about this projectat the Workshop on Clearing Highways and Promoting the Advantages of the Mekong Delta on May 31.
| ||Vietnam Railways sees recovery in first half of 2022 |
Vietnam’s railway industry saw growth in revenue and cargo transport in the first half of 2022, heralding a recovery ahead.
| ||Growing foreign interest in Vietnam Railways |
More international businesses are seeking opportunities in Vietnam’s railway industry, bringing high hopes for its new improvements ahead.