WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Oct 08, 2015 / 10:10

RoK to fund Laos-Vietnam railway feasibility study

Vietnam`s transport ministry and the Korea International Cooperation Agency (KOICA) have agreed to study the feasibility of a 500 km-long railway link from Laos` Vientiane to Vung Ang in central Ha Tinh province of Vietnam.

After the feasibility study and the approval of substantial financing, the two governments' strong will, commitment and appropriate support will be required to implement the construction, Country Director of KOICA Vietnam Chang Jae-yun said at the signing ceremony of the record of discussion in Hanoi on October 6. 
The study will be conducted with a 3-million-USD ODA grant from KOICA for three years from 2015, with the aim of preparing a master plan and providing capacity building to the railway sector in the two countries.
The project is expected to not only help improve the quality of life of the people in Vietnam and Laos, but also revitalise their bilateral trade and industrial economic development.