Sep 19, 2015 / 12:10
Trans-Asian railway project needs over 3 bln USD for two sections
The construction of two sections of the trans-Asian railway, Sai Gon-Loc Ninh and Bien Hoa-Vung Tau, is estimated to cost 77.8 trillion VND (3.46 billion USD), reported the Nhan Dan newspaper.
The Public-Private Partnership projects’ management board proposed to use official development assistance (ODA) sources for the two sections at a meeting between the Ministry of Transportation and the Japan International Cooperation Agency (JICA) on September 17.
An investor has paid attention to the Bien Hoa-Vung Tau section and the company is studying the project’s size and measures on connectivity to get higher effectiveness and faster payback.
During the meeting, the plan for the Dau Giay-Lien Khuong expressway was under discussion.
The ministry said it planned to divide the Dau Giay-Lien Khuong project into three investment phases to call for investment. The stretches might be built with ODA or under BOT (Build-Operate-Transfer) form.
JICA expressed its interest in these projects, and proposed the ministry to present more about the Dau Giay-Lien Khuong expressway project because it might become the first large scale pilot project invested under PPP model.
An investor has paid attention to the Bien Hoa-Vung Tau section and the company is studying the project’s size and measures on connectivity to get higher effectiveness and faster payback.
Illustrative photo.
|
The ministry said it planned to divide the Dau Giay-Lien Khuong project into three investment phases to call for investment. The stretches might be built with ODA or under BOT (Build-Operate-Transfer) form.
JICA expressed its interest in these projects, and proposed the ministry to present more about the Dau Giay-Lien Khuong expressway project because it might become the first large scale pilot project invested under PPP model.
Other News
- Hanoi pioneers in using interoperable smart cards for public transport
- Hanoi to establish customer service hub for administrative reform
- Hanoi tops country for blood donation in 2024
- Hanoi disseminates safe eating practices
- Hanoi upholds great national unity bloc
- Hanoi to auction 36,000 trees damaged by Super Typhoon Yagi
- Elite firefighting and rescue teams set up in Hanoi
- Hanoi steps up efforts to combat smuggling and trade fraud
- Hanoi administers more vaccine doses to residents
- Hanoi promotes sustainable artisan production
Trending
-
Hanoi partners with Chinese firm to advance urban development
-
Vietnam news in brief - December 12
-
Regulations on low emission zones approved in Hanoi
-
Thay Pagoda: A timeless heritage on Hanoi's outskirts
-
Hanoi's pho declared national intangible heritage
-
Christmas in Vietnam: A blend of Western cheer and local charm
-
Finding ways to unlock Hanoi's suburban tourism potential
-
Hanoi economy sustains higher growth in 2024
-
Hanoi to lead national efforts to streamline political system