Vietnam to Invest US$38.9Mln in Railway Projects in 2006

The Vietnam Railway Corporation (VRC) has budgeted VND614.3 billion (US$38.9 million) worth of development investment capital this year, up 35 per cent against last year, according to a VRC official.

 

Of the total sum, priorities will be made for projects to upgrade infrastructure and signal systems, especially on the routes of Ho Chi Minh City-Hanoi and Hanoi-Lao Cai.

 

The projects include relocating the Phan Thiet Station in the first phase, upgrading km175-185 of rail, raising the safety of 44 railroads and bridges, modernizing signal systems of the Vinh-Saigon and Hanoi-Vinh routes in the second phase, modernizing signal systems at seven stations and replacing girders of the Da Phuc bridge.

 

The corporation is also seeking investment for four other projects.  

 

The Ministry of Transport has recently announced a list of railway infrastructure projects between now and 2010, which will require total estimated investment of US$1.5 billion.