The proposed railway is part of a Vietnam - Laos railroad project, a 554-kilometre line that will connect the Lao capital of Vientiane with Vung Ang Port. (Illustrative photo: VNA)Vietnamese infrastructure developer Deo Ca Group andPetroleum Trading Lao Public Company have sought the permission of Vietnam’s Ministryof Transport to build the railway at 27.485 trillion VND (1.16 billion USD) in the public-private partnership (PPP) format.
The railway section, called Vung An – Tan Ap – MuGia, will run from Vung Ang Port in Ha Tinh province to Mu Gia, a mountain passin the Annamite Range between Vietnam and Laos.
The consortium pledged to cover all the funds forstudying the project and accept all financial damage if the project’s feasibilitystudy was not approved.
The proposed railway is part of a Vietnam - Laosrailroad project, a 554-kilometre line that will connect the Lao capital of Vientianewith Vung Ang Port. The railroad has been approved by the Vietnamese PrimeMinister to be carried out before 2030.
In March, Deo Ca Group and Petroleum Trading LaoPublic Company signed a joint venture agreement to develop the project.
Once put into operation, the project is expected toenhance freight forwarding services between Vietnam and regional countries,notably from Vung Ang Port to economic centres in the north of Laos and thesouthern part of China./.
VNA
