HA NOI — The Viet Nam Railway Corporation will be modernised substantially between now and 2010, under a plan recently approve by the Prime Minister.
Under the plan, the corporation would coordinate with domestic and foreign investors to build rail connections to seaports, mines, industrial parks and key economic zones around the country.
It expects to spend VND14.6 trillion (US$912.5 million) on construction alone during 2007-10, not including management costs and maintenance of railway infrastructure and railway development projects.
The plan for railway modernisation calls for investment to be focused on building strategic routes, including high-speed lines from Ha Noi to HCM City, and Lao Cai to Ha Noi and Hai Phong, as well as on upgrading the Dong Dang-Ha Noi route.
Domestic and foreign resources would be drawn upon to train rail technicians and managers.
The new plan also sets forth parametres for a redesign of the Yen Vien-Ngoc Hoi elevated urban railway in Ha Noi to include more transfer points to connect with other means of public transport in the city, as well as a multi-functional service centre.
The Viet Nam Railway Corporation has projected that it will transport 20.7 million passengers and 14.1 million tonnes of goods per year by 2010. — VNS
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