railway to provide important north-south link
Bang of Viet Nam Railway Corporation spoke to Thoi bao Kinh Te Viet Nam (Vietnam
Economic Times) about obstacles facing the North-South Express Railway Project.
you reveal the progress of the North-South Express Railway Project thus far?
The project of the
North-South Express Railway is one of the strategic projects of Viet Nam’s
railway sector. The Vietnamese government has permitted to set up an investment
report and select consultant institutions.
The project will be
divided into 3 phases of building 1,630km of double railway.
In the first phase, from
2007 to 2009, investment reports will be mapped out and approved.
In the second phase, from
2010 to 2015, construction of the section of railway between Ha Noi-Hue and Nha
Trang-HCM City section will begin.
The section of railway
between Hue-Nha Trang will be carried out in the third phase after 2015.
project’s capital investment is estimated to be about US$33 billion. How much
of counterpart capital is contributed by Viet Nam? How will the capital be
The investment capital of
$33 billion is really big and a difficulty to the project. Included in the total
capital, $23 billion that is invested in infrastructure is an official
development assistance (ODA) preferential loan.
The Viet Nam Railway
Corporation and other businesses will invest $10 billion into means of
present, Japan and South Korea take part in the project’s study and
investigation. How is the co-operation between the partners?
The South Korean
consultants have mapped out a feasibility study for 2 sections of Ha Noi-Vinh
City and HCM City-Nha Trang. But financial funding from South Korea is
At present, the Ministry
of Planning and Investment in co-ordination with the Ministry of Transport and
Viet Nam Railway Corporation has been working with the Japanese partner seeking
financial assistance to hire international well-qualified consultants to draw up
investment reports. The project will use the Japanese Shikansen technology.
While drafting the
investment reports, the corporation will use the results of research