Nearly VND200 trillion to develop railway system

The Government has approved a VND200,000-billion project to develop Vietnam’s railway system in the 2012-2015 period.

The Vietnam Railway Corporation’s project aims to upgrade the current railways on Lao Cai-Hanoi-Haiphong route to enable trains to move at speeds of 80-120km per hour.

It will also build an express railway route from Hanoi to Ho Chi Minh City, and two standard railways on the Lao Cai-Hanoi-Haiphong and Hanoi-Dong Dang routes.

As part of the project, urban railways in Hanoi and flyover railways in HCM City will also be upgraded. Hanoi’s current train station will be developed into a modern centre to connect all transport systems.

vir

>   Ministry hikes petrol import tax (09/06/2012)

>   Taxes unlikely to be cut: finance minister (08/06/2012)

>   143 FDI projects licenced in five months in second city (08/06/2012)

>   Da Nang pulls foreign cash (08/06/2012)

>   Restructure economy, says expert (08/06/2012)

>   Inflation rate in 2012 would be “abnormally low” (08/06/2012)

>   BOT more favored than PPP by foreign investors for infrastructure projects (07/06/2012)

>   Korea’s investment in Vietnam falls sharply in first five months (07/06/2012)

>   VN Deputy PM attends Kunming Fair (07/06/2012)

>   Southern region to sustain growth (07/06/2012)