Over VND7.4 trillion set for railway renovation this year
HCMC – The Vietnam Railway Project Management Board will start upgrading six railway projects this year to
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.