February 20, 2023 | 18:50

Over $310mln to go to rail upgrades

Anh Tú

Five of six projects to use State capital.

Over $310mln to go to rail upgrades

Vietnam’s railway sector plans to begin six upgrade projects with total investment of over VND7.4 trillion ($310 million) this year, according to the Rail Project Management Board.

Five of these projects will use State capital from the mid-term public investment plan for 2021-2025.

The Hanoi - Vinh, Vinh - Nha Trang, and Nha Trang - Ho Chi Minh City sections of the North-South railway line will be upgraded with total investment of more than VND3.1 trillion ($131 million). At some 1,725 km in total, the upgrades are scheduled for completion in 2025.

Two other projects include upgrades to northern railway stations with capital of VND476 billion ($20.1 million) and the Duong railway bridge at a cost of nearly VND1.85 trillion ($78 million).

The final project is the upgrading of the Khe Net mountain pass in central Quang Binh province, with investment of over VND2 trillion ($84.7 million). The capital is partly sourced from official development assistance from the Republic of Korea.

Attention
The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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