Vietnam is planning to invest US$527.5 million in building two railways that will link the country with Cambodia and Laos, an industry official said Wednesday.
The projects are part of a scheme to construct trans-Asia railway networks connecting Association of Southeast Asian Nations (Asean) member countries, reported the Vietnam Railway Department.
No details on when the railways would be constructed were given.
An official with Vietnam Railways Corp. said the first railway will link Ho Chi Minh City to Phnom Penh, and the second railway will link Quang Binh province in central Vietnam to Savanakhet city in central Laos.
The 130 km, VND3.91 trillion ($280.5 million) Sai Gon-Loc Ninh route to Cambodia will be built by the Vietnam Railway Department, the China Mechanical Equipment Import Export Corporation and the China Railway Construction Corporation.
The other 120 km line linking Vung Ang with Mu Gia in the central Ha Tinh province to Laos requires investment of over VND4.52 trillion ($247 million).
The railways are expected to promote trade and transport cooperation among Vietnam, Cambodia and Laos as well as between the whole Indochina region and the rest of Asean and China.
Friday, June 29, 2007
Vietnam to build rail to Cambodia, Laos
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