INTERNATIONAL INVESTMENT
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Deputy Prime Minister Le Van Thanh has asked the Ministry of Transport (MoT) to work with Dong Nai, Binh Duong, Ba Ria-Vung Tau, and Ho Chi Minh City on the construction plan of two railway routes namely Thu Thiem-Long Thanh International Airport and Bien Hoa-Vung Tau.
According to the government, these two railway routes are two important projects that will contribute to creating synchronisation for the transport infrastructure for Long Thanh International Airport.
The government has assigned that these two railway routes huge investment capital equaling $3.91 billion.
The two railways will need to mobilise capital from overseas and have the participation of international contractors.
The MoT has asked the railway project management board to build pre-feasibility study reports for these two railway lines and prepare the procedures to select consultant firms. The results are expected to be released in the third quarter of this year.
These two projects are among a portfolio of national initiatives that are in need of foreign investment in the 2021-2025 period.
The 38km Thu Thiem-Long Thanh International Airport light railway route, which starts from Thu Thiem Station in Thu Duc city and goes to Long Thanh International Airport, has been included in the plans. The project has a total investment capital of $1.76 billion.
Meanwhile, the Bien Hoa-Vung Tau railway line has a length of 84km long with a total investment capital of over $2.15 billion. It starts at Trang Bom Railway Station in Dong Nai province and ends at Cai Mep-Thi Vai International Port in Ba Ria-Vung Tau province.
Once completed, the two railways are expected to reduce pressure on road traffic and support economic development in the area.
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