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Vietnam Railways plans fleet modernisation
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According to the proposal submitted to the Ministry of Transport, the Vietnam Railway Corporation (VNR) is seeking to invest 4.6 trillion euros ($ 202 million) of new type of rolling stock vehicles to the east by 2020.
The procurement encompasses 100 diesel locomotives, 150 coaches, and 800 wagons, including 300 container wagons.
VNR says it plans to finance the programme using a loan worth around Dong 3.2 trillion from the Vietnam Development Bank, with the remaining Dong 1.4 trillion coming from its own budget.
The Railway Act of 2017 amended to give VNR a concessional loan to a national or government secured loan. However, this legislation will not take effect in July 2018, so VNR is seeking a government approval of the Vietnam Development Bank's loan to ensure that the procurement plan can be advanced.
Article from:
http://www.railjournal.com/
