Vietnam considers shorter version of rejected high-speed railway

Hanoi – Vietnam plans to conduct feasibility studies on two short high-speed rail projects after a longer route was rejected by lawmakers, local media reported Tuesday

The National Assembly in June voted down the government’s project for a 56 billion-dollar high-speed railway from Hanoi to HCM City over cost concerns.

Ministry of Transport chief of office Nguyen Van Cong said officials were to meet Tuesday with Japanese aid officials to ask them to pay for feasibility studies on two shorter routes, the newspaper Tien Phong reported.

The routes would run from HCM City to the beach resort and port of Nha Trang, and from Hanoi to the central city of Vinh. Japanese aid experts have suggested those routes are more likely to earn back their costs.

The newspaper Tuoi Tre reported that the government has already circulated documents to several ministries declaring it plans to build the shorter routes, and will use Japanese official development assistance to fund them.

The paper quoted Assembly member Ngo Van Minh as warning the government to keep in mind the Assembly’s opposition to the earlier project.

“If (the donors) agreed to sponsor this project, why doesn’t the government persuade them to sponsor more suitable ones, like high-speed roads?” Minh said. – DPA

Tags: ,

Posted by VBN on Sep 1 2010. Filed under Transportation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

RSS China Business News

  • India gold futures recovered partially on Thursday afternoon
  • Gold price stood above VND47 million a tael (1.2 ounces) on September 8
  • UBS AG hiked its gold forecast for next year by 50% to $2,075 a troy ounce
  • U.S. gold futures contract rose 1.6 percent to $1,846.6 after 3 pct drop
  • Gold price witnessed a decline of Rs 240 per sovereign on Thursday
  • Gold futures regained strength on Thursday
  • Russia’s gold and foreign exchange reserves rose to $543.4 billion
  • Gold price rebounds after overnight dips as bargain hunters step in

Sponsored

Looking for an overseas forex broker?