Tuesday, June 16, 2009

Vietnam To Build $438 Million Railway To Cambodia

HANOI -(Dow Jones)- Vietnam will spend $438 million to build a railway linking the economic hub of Ho Chi Minh City with Cambodia, the Ministry of Transport said Tuesday.

The 128.5-kilometer railway from Ho Chi Minh City to the border with Cambodia will form part of the Trans-Asia Railway linking Singapore and Kunming, China, the ministry said in a statement.

Vietnam expects to get official development assistance from China and other international donors to build the railway, it said.

A feasibility study on the project is being prepared by a Chinese consulting consortium and should be submitted to the Vietnam Railway Department later this month, the ministry said.

Construction is scheduled to begin in 2010.

No comments: