Trans-Asia Railway project needs $3.46mil for two stretches

The Public Private Partnership (PPP) Commission under the Ministry of Transport yesterday proposed to get official development assistance (ODA) loans to build two stretches of the Trans-Asia Railway project, which are expected to cost VND77,820 billion (US$3.46 billion).

A HCMC-Hanoi train (Illustrative photo: SGGP)

The two sections include Saigon-Loc Ninh and Bien Hoa-Vung Tau, it said at a talk between the ministry and the Japanese International Cooperation Agency (JICA) about Dau Giay-Lien Khuong expressway and the Trans-Asia Railway projects.

Long Thanh Golf Investment and Trading Company has paid attention to the Bien Hoa-Vung Tau stretch. The company is studying the project’s size and measures to connect it to large railway stations in some provinces and cities to get higher effectiveness and faster payback.

The ministry said it planned to divide Dau Giay-Lien Khuong project into three investment phases to call for investors, who will be permitted to collect toll fee from 2020.

The expressway’s stretch Tan Phu-Bao Loc might be built with ODA fund at a total capital of VND13,821 billion (US$614.4 million).

Bao Loc-Lien Khuong section will be constructed under BOT (Build-Operate-Transfer) form.

JICA affirmed its consideration for these projects, and proposed the Transport Ministry to present more about the Dau Giay-Lien Khuong expressway project because it might become the first large scale pilot project invested under PPP model.

By Bich Quyen – Translated by Hai Mien

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