return icon Vietnamnet.vn

Ministry wants to restart railway project

 VietNamNet Bridge – The Ministry of Transport wants to secure investment from the private sector to complete the Yen Vien – Cai Lan Railway project, which connects Yen Vien Station in Hanoi with Cai Lan Station

VietNamNet Bridge – The Ministry of Transport wants to secure investment from the private sector to complete the Yen Vien – Cai Lan Railway project, which connects Yen Vien Station in Hanoi with Cai Lan Station in the northern province of Quang Ninh.

{keywords}

The Ministry of Transport wants to secure investment from the private sector to complete the Yen Vien – Cai Lan Railway project, which connects Yen Vien Station in Hanoi with Cai Lan Station in the northern province of Quang Ninh.— Photo sggp.org.vn


The project, which began in 2004 with an initial investment of VND7.7 trillion (US$3.39 billion) from the State budget, was cancelled in 2011 because of a funding shortage.

The railway was designed to shorten the train route between Hanoi and Quang Ninh Province by 37 km from the current 168 km, reducing the travel time to 1.5 to two hours for passenger trains and to three to four hours for cargo trains.

The 131-km railway consisted of four parts: Ha Long – Cai Lan, Lim – Pha Lai, Pha Lai – Ha Long and Yen Vien-Lim. Officials planned to complete it by 2010.

However, according to the ministry, the project was delayed and suspended in 2011 when Government tightened its belt, cutting public investment.

Currently, only 5.67 km of the track from Ha Long to Cai Lan Port has been completed, with investment of VND1.51 trillion ($66.3 million) while the other three parts were each half finished.

As of today, VND4.536 trillion (US$199.2 million) from the State budget has been poured into the project.

However, according to the ministry, the project needs about VND5.3 trillion to be completed by 2020.

The ministry’s Railway Project Management Board, the project investor, has proposed the Government call on private investors to complete the project under a Public-Private Partnership contract.

Cai Lan Station already has seven lines, as well as a warehouse and container area. It has not been used since 2014, station chief Nguyen Duc Tan told Giao Thong (Transport) newspaper. That year, fuel prices rose, reducing the competitiveness of rail compared to faster options like buses.

The station management team had been conducting routine maintenance of the tracks and the station infrastructure to minimise the degradation of facilities, Tan said.

Similarly, Ha Long Station in the province is serving only one train per day, with very few passengers.

Prior to 2014, the route between Cai Lan and Ha Long stations served dozens of trains transporting steel, but the lack of connectivity with other stations and incomplete infrastructure lengthened travel time and increased the related costs, which were already steeper due to the fuel price hike.

In March this year, during a meeting with the transport ministry, authorities from Quang Ninh Province suggested restarting the railway project to fully exploit the potential of rail transportation in the province and to attract freight transport to Quang Ninh seaport.

The potential of this seaport has also not been exploited in the past few years, partly because of the incomplete rail route. Meanwhile, seaports in the neighbouring city of Hai Phong are over-burdened.

Source: VNS

related news

MORE NEWS

French Development Agency pledges more support for projects in Vietnam

The French Development Agency (AFD) will increase its support and donations for projects funded by French non-governmental organisations and associations in Vietnam.

Vietnam seeks stronger education partnership with US

Minister of Education Nguyen Kim Son on September 25 concluded his US working trip that aimed to strengthen education partnership between the two countries.

VIETNAM NEWS HEADLINES SEPTEMBER 25

Central localities likely to be hit by typhoon Noru

AI integration the inevitable path ahead

Big Data and AI will be the optimal tools to run factories in the future and digital transition will help firms optimise costs and cut emissions.

Ministry to scrutinise VietGap certifications after fake labels found on vegetables

The Ministry of Agriculture and Rural Development is investigating reports of vegetables sold in supermarkets being marked with fake Vietnamese Good Agricultural Practices (VietGap) labels.

E-commerce sector in dire need of qualified candidates

The tight supply of qualified candidates in the labour market is a glaring issue facing e-commerce firms, according to insiders.

Unique green moss-covered homes of the Tay Con Linh mountain range

It is an ideal environment for plants to flourish and thrive, including thick green moss, which ethnic people use to cover the palm-leaf roofs of their homes.

Farmers save wild birds and the environment

Farmers in different provinces throughout Việt Nam have for years spent time and effort to save wild birds, giving them a home to nest and lay eggs.

Deputy PM highlights significance of int'l solidarity, cooperation at UN session

The strengthening of international solidarity and cooperation is key to addressing interlocking global challenges, affirmed Permanent Deputy PM Pham Binh Minh while addressing the general debate of the 77th Session of the UN General Assembly.

Huge potential for luxury real estate in Vietnam

The branded residence market is gaining a stronger foothold in the Vietnamese market with potential to further develop, shaping the lifestyle of the country’s elite, according to experts.

VIETNAM BUSINESS NEWS SEPTEMBER 25

Action plan to promote green growth in agriculture

Vietnam’s economic growth counts on high-tech FDI

Vietnam’s economic growth has been accelerating in 2022, with experts considering high-tech foreign investments as a driver.

The “seven-star” islands in Quang Ninh

Along with crystal blue sea and beaches, the 7 Sao (seven star) islands also have caves and primeval forests.

Customs you only see in Vietnam

The travel site Culture Trip has listed a number of Vietnamese customs that often surprise foreign tourists:

Investors and buyers play waiting game in credit switch

The State Bank of Vietnam finally created extra credit room for some banks on September 7. However, the extension is deemed low and may not help real estate businesses and homebuyers access feasible capital sources for their projects.
back_to_top