Private funding offer opens new path for Vietnam s rail sector
A private company s proactive offer to fund the planning of the My Thuy–Lao Bao railway has opened up a new approach to mobilising private resources for a sector that has long been heavily dependent on state budget funding
The Vietnam Investment Review reports that My Thuy International Port JSC has received a document from the Ministry of Construction regarding the study of the My Thuy–Lao Bao railway. The Ministry has welcomed the voluntary offer by My Thuy International Port JSC to provide funding for the planning of the railway, in line with the policy of encouraging organisations and individuals to contribute resources to planning activities.
The railway is planned to run approximately 114km, use the standard 1,435mm gauge, and be invested in after 2030, as outlined in the Railway Network Plan for the 2021–2030 period with a vision to 2050. The study would provide a basis for the company to take a further step towards mobilising domestic and foreign funding for the railway connecting to My Thuy seaport, which is capable of handling vessels of up to 100,000DWT and serves as a maritime gateway for the East–West Economic Corridor.
Brief written by urgent.news from Vietnam Investment Review's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
