3:26:37 PM | 7/8/2005
The Gia Lam Railway Company, under the Vietnam Railway Corporation (VRC), plans to invest VND270 billion ($17 million) to install 20 locomotives, said the firm’s director Tran Van Minh.
The company is also carrying out the feasibility study of the project to produce the locomotives, which will have a capacity of 1,900CV, equivalent to the same kind imported from China, he said.
The project will receive assistance and technology from China’s Siyang and Yongji Factories, Minh said.
In recent development, VRC has decided to borrow VND174 billion ($11 million) from the Development Assistance Fund to make new carriages this year.
Vietnamese
