Express railway through HCMC likely to be elevated
The 33-kilometer express rail section that runs through Ho Chi Minh City, operated by the HCMC-Can Tho railway project, is proposed to be elevated for ease of implementation.
The proposal was presented by Phan Cong Bang, deputy director of HCMC's Department of Transport at a meeting Friday on the 174.7-kilometer HCMC-Can Tho express railway, which will cut the travel time between the two cities from 4-5 hours to 75-80 minutes.
The 13-station railway will pass through six southern localities namely Binh Duong, HCMC, Long An, Tien Giang, Vinh Long, and Can Tho.
It will begin at An Binh station in Di An town of Binh Duong province, and end at Cai Rang station in Cai Rang district of Can Tho city.
The elevated section in HCMC was previously estimated to be only 12 kilometers long.
However, since the city contains numerous metropolitan areas with population density, it is difficult to manage traffic at the junctions of trains and roads, potentially causing congestion, according to Bang. "As a result, the city proposed that all 33 kilometers of railway crossing HCMC be elevated."
"Although it is more costly, this solution is simple to implement and has long-term efficacy," the deputy director said.
The VND169,000 billion ($7.27 billion) project will see more than 916 hectares of land cleared. The double rail line will have a gauge of 1,435 millimeters, which is the standard for the world's popular high-speed rails. Passenger trains travel at 190 kph, while freight trains run at 120 kph.
The train will reach a top speed of 200 kph once completed, at a cost that is expected to be 5-10% more than regular rail transportation.
Land site, train investment, and urban station construction are the three primary categories to concentrate on, according to Phan Van Mai, Chairman of HCMC People's Committee.
"The project consultant must identify what category needs budget funding, which requires private investment, and which may be funded by revenue generated from the land fund surrounding the stations," he added.
The project will pave the path for growth by contributing to the Mekong Delta area's development and providing a new driving force for the Southern Key Economic Zone.
Mai called for the project to be deployed soon, completing the paperwork before 2025 in order to implement it between 2025 and 2030.
To make the most of train transportation, Nguyen Ngoc Dong, Deputy Minister of Transport suggested that cities and consulting units pay attention to the location of railway stations, particularly cargo stations that connect with product suppliers and logistic hubs.
A representative of consulting consortium Tedi South-Tricc-Tedi previously stated that its aim is to complete the project's pre-feasibility study this year for the Ministry of Transport to submit a proposal to the government before seeking National Assembly investment policy approval.
Can Tho authorities in mid-May proposed construction of the HCMC-Can Tho express railway before 2030 to catch up with Mekong Delta transport demand.
The project has attracted the interest of more than 20 foreign companies and international investment funds in recent years.
Hitachi, a Japanese conglomerate, has expressed interest in participating in the project, which the Prime Minister has authorized to be developed in the form of a public-private partnership (PPP).
- Read More
Construction trio keen on building $1.5 bln expanded expressway in southern Vietnam
Three construction majors in Vietnam are interested in building an expanded expressway connecting Ho Chi Minh City with the Mekong Delta provinces of Long An and Tien Giang for an estimated VND38.6 trillion ($1.52 billion).
Infrastructure - Tue, November 19, 2024 | 8:18 pm GMT+7
Singapore, Germany upgrade relations to strategic partnership
Singapore and Germany have decided to elevate their ties to a Strategic Partnership to promote closer cooperation in areas of mutual interest such as security, artificial intelligence (AI) and clean energy.
Southeast Asia - Tue, November 19, 2024 | 8:01 pm GMT+7
Thailand’s rice shipment up 20% in 10 months
Thailand exported 8.37 million tons of rice in January-October, a year-on-year increase of 20%, according to the Ministry of Commerce.
Southeast Asia - Tue, November 19, 2024 | 8:00 pm GMT+7
Vietnam’s inconsistent legal framework poses problems for FDI sector: Deep C exec
Vietnam’s legal framework lacks consistency and the foreign direct investment (FDI) sector will soon face challenges related to the Law on Environmental Protection, says Bruno Jaspaert, CEO of Deep C Industrial Zones.
Economy - Tue, November 19, 2024 | 6:30 pm GMT+7
Vietnam shares sink on extended foreign selloffs
Vietnamese equities fell for a fourth consecutive day on Tuesday as foreign traders extended their selling spree.
Finance - Tue, November 19, 2024 | 5:10 pm GMT+7
Germany’s household product firm QuickPack to invest $32 mln in Vietnam
Germany’s QuickPack, a specialist for household goods and hygiene products, will invest €30 million ($31.8 million) in Vietnam’s Mekong Delta province of Long An.
Industries - Tue, November 19, 2024 | 4:24 pm GMT+7
Malaysian millionaire willing to invest in convicted Vietnamese tycoon’s property project: lawyers
Malaysian millionaire Vincent Tan has evinced investment interest in a residential project owned by convicted tycoon Truong My Lan, chairwoman of Van Thinh Phat Group, lawyers for the latter have disclosed.
Real Estate - Tue, November 19, 2024 | 4:17 pm GMT+7
‘Bottleneck of bottlenecks’ continues to dog Vietnam's property, infrastructure projects
Limited consultations between state agencies and the parliament’s primary focus on wording are issues with Vietnam’s legal framework adversely affecting property and infrastructure projects, say experts and corporate leaders.
Economy - Tue, November 19, 2024 | 3:40 pm GMT+7
President Xi Jinping hastens construction of 3 Vietnam-China rail routes
Chinese President Xi Jinping has called for more substantial cooperation between China and Vietnam, including the pacier implementation of three railway routes linking the two nations.
Infrastructure - Tue, November 19, 2024 | 3:08 pm GMT+7
Vietnam developers offer deferred principal payments, interest support to boost year-end sales
Vietnamese housing developers are offering several incentives including deferred principal payments and interest support to stimulate demand and boost liquidity as the year nears its end.
Real Estate - Tue, November 19, 2024 | 2:29 pm GMT+7
Australia's EQ Resources acquires TMG Group with Vietnam-based ferrotungsten factory
Australia-based EQ Resources Limited has acquired its fellow firm Tungsten Metals Group (TMG), which owns and operates the largest ferrotungsten (FeW) factory outside China.
Companies - Tue, November 19, 2024 | 11:00 am GMT+7
Techcom Securities becomes largest broker in Vietnam by capital base
Techcom Securities JSC (TCBS) has become the largest securities company in Vietnam by charter capital after finishing a rights offering last week.
Finance - Tue, November 19, 2024 | 9:11 am GMT+7
Vietnam airport operator ACV looks to better exploit non-aviation service potential: exec
Vietnam's airports operator ACV expects to earn $145 million from non-aviation services this year, accounting for around 18.83% of its total revenue, which is modest compared to other countries, said deputy general director Nguyen Duc Hung.
Companies - Tue, November 19, 2024 | 7:45 am GMT+7
The Investor to host seminar on removing legal bottlenecks for infrastructure, property investment
A seminar themed “Removing legal bottlenecks for infrastructure and property investment” will be organized by The Investor in Hanoi on Tuesday.
Companies - Tue, November 19, 2024 | 7:00 am GMT+7
Indonesia promises Asia-Pacific investors more incentives
Indonesian President Prabowo Subianto recently told the press that he will create more incentives and expand special economic zones (SEZs) so as to lure investors from Asia-Pacific.
Southeast Asia - Mon, November 18, 2024 | 11:01 pm GMT+7
Indonesia, Brazil enhance aviation cooperation
Indonesia's state-owned aircraft manufacturer, Dirgantara Indonesia (DI), and Brazilian aerospace company Embraer have signed a memorandum of understanding (MoU) to expand collaboration in the commercial aviation sector.
Southeast Asia - Mon, November 18, 2024 | 11:00 pm GMT+7