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Thursday, June 20, 2024

VND5 trillion to be spent on railway upgrade

The Saigon Times

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HCMC – The Ministry of Transport will start work on five North-South express railway upgrade projects in the first quarter of this year, at a total cost of over VND5 trillion.

The Vietnam Railway Authority under the ministry is in charge of deploying the five projects using the mid-term public investment sourced from the State budget in the 2021-2025 period, the local media reported.

The 319-kilometer-long Hanoi-Vinh rail line will be upgraded at a cost of over VND810 billion, while the Vinh-Nha Trang railway upgrade project will require some VND1.2 trillion in investment.

The authority will spend over VND1 trillion upgrading the Nha Trang-Saigon railway section.

Besides, the rest will be used to upgrade several stations in the northern region and build railway bridges.

In the 2016-2020, the authority executed four Hanoi-HCMC railway upgrade projects at a total cost of VND7 trillion.

The upgrade is expected to help improve the speed of trains and the quality of railway transport services, said a representative of Vietnam Railways.

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