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Project of upgraded, newly-built railway carriages needs VND6,800 billion

SGGP
Around 60 locomotives, 1,000 freight wagons and 500 passenger wagons will be put into liquidation in coming years. The railway industry needs a total investment capital of VND6, 800 billion (US$292.8 million) to purchase new ones, according to the Vietnam Railway Corporation (VNR).

Project of upgraded, newly-built railway carriages needs VND6,800 billion

The company on January 16 has proposed the functional agencies for allowance to get more three years of preparation and new investment of upgraded and newly-built railway carriages
According to the Decree No.65/2018/ND-CP issued in 2018 on guiding the implementation of the Law on the Railway Law 2017, around 54 locomotives and 705 carriages must be replaced since January 1; 24 locomotives and 44 wagons will not be operational starting on January 1,2021.

By Minh Duy – Translated by Kim Khanh

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