|The research outcomes were transferred to the Ministry of Transport of Vietnam on May 3 (Source: Ministry of Transport)
Consultants from the Korea International Cooperation Agency (KOICA), which funded the project, estimated that Vietnam would need more than US$1.5 billion.
The research outcomes were transferred to the Ministry of Transport of Vietnam on May 3.
The Vientiane-Vung Ang railway is a key infrastructure project in the Association of Southeast Asian Nations (ASEAN), which connects Vietnam and Laos and also intersecting at a point with the Singapore – Kunming (China) railway.
The railway route has a total length of 554.72 km, with 102.7 km in Vietnam, running from Vung Ang seaport in central Ha Tinh province to the Vietnam-Laos border at Mu Gia mountain pass in central Quang Binh province.
The RoK suggested investing under the public-private partnership (PPP) form.
The Ministry of Transport asked the KOICA to persuade the RoK’s government to help with calling for investment for the project.