Monday,  Oct 22, 2018,20:51 (GMT+7) 0 0
KOICA transfers results of Vietnam-Laos rail link study
Le Anh
Tuesday,  May 8, 2018,23:17 (GMT+7)

KOICA transfers results of Vietnam-Laos rail link study

Le Anh

Representatives of KOICA and Vietnam’s Ministry of Transport at the research results handover ceremony in Hanoi last week - PHOTO: MINISTRY OF TRANSPORT

HCMC – The Korea International Cooperation Agency (KOICA) in Vietnam last week handed over results of a feasibility study for a railway connecting Laos’ Vientiane and Vietnam’s Vung Ang to the Vietnamese Ministry of Transport.

According to KOICA’s research, the 554.7-kilometer railway would start from Vung Ang port in Ha Tinh Province on Vietnam’s central coast, pass through Mu Gia pass near the Vietnam-Laos border in Quang Binh Province and Thakhek in the Lao province of Khammuane, and end in the Lao capital of Vientiane.

The Vientiane-Vung Ang railway is estimated to cost more than US$5 billion, of which over US$1.55 billion would be spent on railway construction in Vietnamese soil. KOICA proposed a public-private partnership (PPP) investment model for the project.

Kim Jin-oh, KOICA country director for Vietnam, said the railway would be vital for transport links between Vietnam and Laos and connect to Singapore-Kunming (China) rail link.

According to Deputy Minister of Transport Nguyen Ngoc Dong, the ministry would add research results to a draft Vietnam-Laos agreement on construction and management of the Vung Ang-Vientiane railway.

Vietnam expects the South Korean government to continue assisting Vietnam in calling for investment in the project, Dong said.

The feasibility study for the Vung Ang-Vientiane railway project was carried out in December 2015-December 2017. This rail link would improve transport connectivity in the region, especially between Vietnam and Laos.

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