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Vietnam: 3.8 Bln USD Earmarked for 4 Urban Rail Systems in Capital
Source: http://news.xinhuanet.com
Source Date: Tuesday, July 04, 2017
Focus: Internet Governance
Country: Viet Nam
Created: Jul 07, 2017

Vietnam's capital city of Hanoi has approved an estimated investment of over 87 trillion Vietnamese dong (more than 3.8 billion U.S. dollars) for constructing four urban rail routes.

The urban rail routes, namely Hanoi Railway Station-Hoang Mai District, Tran Hung Dao-Thuong Dinh, Nam Thang Long-Hanoi and Van Cao-Hoa Lac, will be built in the investment mode of public-private partnership, the municipal Transport Department said on Tuesday.

Hanoi has also decided to earmark 630 billion Vietnamese dong (27.9 million U.S. dollars) to implement four other infrastructure projects in the 2017-2020 period, mainly to reduce traffic congestions.

Hanoi's first urban rail route Cat Linh-Ha Dong, which is nearing completion, is being constructed by the China Railway Engineering Corporation.
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