Vietnam secures Canadian financing for a railway project

The construction of a railway line connecting Ho Chi Minh City and Can Tho in the Mekong Delta is expected to start later this year with financial support from a Canadian investment fund. A MoU has been signed with Canada’s MorFund Financial Inc. to secure USD 4.9 billion in investment for the public private partnership project.
The planning stages have been completed and the project is seeking investment approval for work to commence by the end of the year, the Southern Institute for Science and Technology said. The project is awaiting approval from the prime minister, the Ministry of Transport and the legislative National Assembly.
The double-track, wide-gauge railway will have 139 kilometers. The trains will be able to run at speeds of up to 200 km/h, reducing travel time between Ho Chi Minh City and Can Tho to 40 minutes.

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