Railway sector in Vietnam opens to private investors

Vietnam railways_indexThe Vietnamese railway sector has opened its doors for private sector investment, in line with the air transport and the seaports.
The Ministry of Transport, the leading authority in privatising state-owned enterprises, recently met several businesses to discuss the possibility of partnering them to develop railway infrastructure. Also, the Vietnam Railways Corporation (VRC) put forward a proposal to allow private investors to build logistic facilities and associated services in three railroad projects under the public private partnership (PPP).
„The PPP will allow private companies to invest in facilities to provide transport of goods by rail, focusing on cargo yards, storage, cargo-handling equipment and warehouse management systems”, Vietnam Railways Corporation Chairman, Tran Ngoc Thanh, says.
Private companies will be allowed to invest in facilities to serve the transport of goods by rail, focusing on cargo yards, storage, cargo-handling equipment, and warehouse management systems.
„Regarding business conditions, investors from the private sector can collect fees for the services they offer, based on a price frame approved by the state and the VRC”, Thanh added.

Photo: http://vr.com.vn


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