Foreign enterprise joins Hanoi-Haiphong railway project
The Italian-Thai Development Public Co. Ltd (ITD) and the Importcorp company (IMP) will conduct a study on a 100-kilometre railway linking the capital of Hanoi and the port city of Haiphong.
The announcement was made at a working session recently held between the Vietnamese Ministry of Transport (MOT) and the two investors.
The US$800 million project, conducted under a public-private partnership, will include the creation of bond-houses, storage, infrastructure and facilities at Dinh Vu port, serving railway services.
In the first phase, a single-track railway with a standard gauge of 1.435m will be installed, with a double-track railway deployed in the next phases.
The project is expected to be implemented in the second quarter of 2017 and completed after 3 and a half years of construction.
The US$800 million project, conducted under a public-private partnership, will include the creation of bond-houses, storage, infrastructure and facilities at Dinh Vu port, serving railway services.
In the first phase, a single-track railway with a standard gauge of 1.435m will be installed, with a double-track railway deployed in the next phases.
The project is expected to be implemented in the second quarter of 2017 and completed after 3 and a half years of construction.