The Government will negotiate with Japan to get official development assistance (ODA) loans for building an elevated railway section linking HCM City with Trang Bom District in Dong Nai Province, a transport official said.
The Government will negotiate with
Recently, Deputy Prime Minister Hoang Trung Hai has asked the Ministry of Planning and Investment to add the project into the prioritized list to seek ODA loans from
Hai required the Vietnam Railway Corporation as the project owner to continue working with Japan External Trade organization (JETRO) and
Since 2005, TEDI South, a design arm under the transport ministry, with the support of a Japanese consultant, has completed and submitted a plan for building the railway linking Trang Bom with Hoa Hung Station in HCMC to the ministry. Accordingly, the total investment capital for the rail link was estimated at around $550 million
The project if executed will be able to meet the big demand for transporting passengers and cargo among provinces in the southern focal economic zone.
In the future, the Trang Bom-Hoa Hung line will be connected to the Bien Hoa-Vung Tau railway.
Reported by P.V
