Property developer Vingroup announced it will invest in the three largest railway stations of Hanoi, Da Nang and Ho Chi Minh City, according to a report in “VietnamPlus”. The investment in the central Da Nang-based station will be implemented under a build-transfer contract, according to Vingroup’s CEO Duong Thi Mai Hoa.
Vingroup and the Vietnam Railways Corporation have not finalised yet the detailed investment models for the Hanoi and Ho Chi Minh City facilities. The two parties expect to submit soon a cooperation plan to the local transportation ministry.
“We welcome Vingroup as a strategic investor in building the railway infrastructure, to efficiently exploit the facilities and reduce the burden on the state budget,” Vietnam Railways Corporation chief executive Vu Ta Tung said. The investment will encompass upgrading the train stations, which will then be transferred to the Vietnam Railways Corporation, and land areas for commercial services.
Share on:
