Vietnam calls for foreign investment in 6 new railway projects

The Vietnam Railway Authority has just submitted to the Ministry of Transport a proposal on the list of 6 new projects that need foreign investment.

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According to the railway authority, the six projects aim to build railways in or among some cities and provinces such as Hai Phong, Bien Hoa – Vung Tau, Dong Nai – HCM City, Hanoi, Ha Tinh and Quang Binh.

Foreign investors can participate in these projects by various ways, such as providing capital, offering technology transfer, setting up joint ventures, or buying shares, among others.

Vietnam has a total of around 3,160 km of railways, including over 2,700 km connecting the north and south. In addition to upgrading the old routes, the country is planning to expand new ones worth billion USD./.

VNA