Vietnam: authorities establish a strict cost criteria for railway construction

The Ministry of Transport (Vietnam) is seeking to establish a strict cost criteria and time limits for railway construction after investment costs on many projects surged based on recommendations from foreign designers and consultants.
“If it is necessary, a decree on urban railway projects will be issued with a unique set of criteria because the foreign sponsors of these projects have all recommended their own criteria,” Transport Minister Dinh La Thang said.
Minister Thang didn’t specify what he meant by criteria, analysts assume he was referring to a strict per-meter cost ceiling on railway projects as well as a strict timetable.

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