A new deal has been inked between Southern Institute of Science and Technology and MorFund Financial Group (Canada) on the C$6.3 billion (US$5 billion) investment for the express railway between Ho Chi Minh City and Can Tho city.
The deal paves the way to implement further phases of the project.
The Institute would promptly report on the project to the Ministry of Transport (MoT), the Prime Minister, and the National Assembly (NA) during 2018. The railway is expected to be constructed by the end of the year. By now, the feasibility study by Southern Institute of Science and Technology and Design Consultant Tedi South had basically been finished.
Earlier, Ho Chi Minh City and the provinces of Long An, Tien Giang, Vinh Long, and Can Tho issued the final plan for the railway route. Specifically, The railway will start from Ho Chi Minh City Highway and pass through Long An, Tien Giang, and Vinh Long before ending at Cai Cui Habour in Can Tho city, crossing ten stations in total.
Technology experts highly value the project’s role in connecting traffic and promoting economic development. The Canadian Consulate in Ho Chi Minh City praised the railway and hopes it would become an exemplary standard PPP project, said Dr. Tran Cong Hoang Quoc Trang, Head of the Southern Institute of Science and Technology.
The Consulate also affirmed that Canada would offer technology as well as support Vietnam in the management, design, and advanced railway engineering to ensure the project’s success.
The construction of the HCMC-Can Tho Express Railway will affect the division of labor and the shift in economic structure in the Mekong Delta, according to the Institute.
As planned, this express railway will be 135.5 kilometers long and 1.435 meters wide. It will be able to reach 200 km/h with passenger trains and 150 km/h with cargo trains.
The Institute would promptly report on the project to the Ministry of Transport (MoT), the Prime Minister, and the National Assembly (NA) during 2018. The railway is expected to be constructed by the end of the year. By now, the feasibility study by Southern Institute of Science and Technology and Design Consultant Tedi South had basically been finished.
Illustrative photo
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Technology experts highly value the project’s role in connecting traffic and promoting economic development. The Canadian Consulate in Ho Chi Minh City praised the railway and hopes it would become an exemplary standard PPP project, said Dr. Tran Cong Hoang Quoc Trang, Head of the Southern Institute of Science and Technology.
The Consulate also affirmed that Canada would offer technology as well as support Vietnam in the management, design, and advanced railway engineering to ensure the project’s success.
The construction of the HCMC-Can Tho Express Railway will affect the division of labor and the shift in economic structure in the Mekong Delta, according to the Institute.
As planned, this express railway will be 135.5 kilometers long and 1.435 meters wide. It will be able to reach 200 km/h with passenger trains and 150 km/h with cargo trains.
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