(VEN) - France currently ranks 17th among the nations and territories investing in Ho Chi Minh City, with 220 projects. During a recent visit to Ho Chi Minh City, a delegation of French companies held out prospects of investing in the field of urban transport and railways. Calling for investment According to the Ho Chi Minh City Department of Transport, the city will build eight metro lines along 220km at an investment of about US$25 billion, six bus rapid transit (BRT) routes along 100km at a total investment of nearly US$1 billion, and three tramway or monorail routes. Ho Chi Minh City is studying its need for investments in the following projects: - The second stage of Route No. 5 from Can Giuoc New Bus Station to Saigon Bridge; - Route No. 2 from Ben Thanh to Thu Thiem and Tham Luong-Tay Ninh Bus Station-North West Urban Center (Cu Chi District); - Route No. 3a from Ben Thanh to Tan Kien; Route No. 6 from Ba Queo to Phu Lam Roundabout; - Monorail Route No. 2 from National Highway … [Read more...] about French companies interested in HCMC transport infrastructure
Transport
Shipping firms still lag behind in domestic transport market
VietNamNet Bridge - Half a decade has elapsed since the Ministry of Transport (MOT) opened up the domestic transport market, worth $50 million a year, to only Vietnamese enterprises. Shipping agents are still facing difficulties In an effort to help Vietnamese container shipping firms overcome difficulties in the period after the 2008 financial crisis, MOT in 2013 stopped granting licenses to ships with foreign flags to carry containers on domestic routes. The move was very helpful. In 2012, the Vietnamese fleet held 58 percent of domestic market share. In 2013, the figure rose to 80 percent after the move, and in 2014, it was 95 percent. In late 2014, Vinamarine asked MOT not to resume licensing to foreign firms to carry containers on domestic routes. Since 2015, the Vietnamese fleet has been undertaking 100 percent of the transportation of goods in the domestic market. Though the market is controlled by Vietnamese shipping firms, an increase in freight has not … [Read more...] about Shipping firms still lag behind in domestic transport market
France faces second day of transport chaos as rail workers strike
Weeks of disruption lie ahead for France's 4.5 million daily train passengers AFP/ludovic MARIN Only one in seven high-speed TGV trains and one in five regional trains were expected to be running, state rail operator SNCF warned, after similar stoppages on the first day of the walkout that French media dubbed "Black Tuesday". The strike is being led by SNCF staff but workers at Air France as well as garbage collectors and some energy workers also staged separate walkouts in a growing atmosphere of social strife 11 months after 40-year-old Macron came to power. Macron's government says the heavily-indebted SNCF needs deep reforms as EU countries prepare to open passenger rail to competition by 2020, arguing it is 30 per cent more expensive to run a train in France than elsewhere. Unions fear the changes are a first step towards privatising the national rail operator - a claim the government denies - and object to plans to strip new hires of a special rail workers' status guaranteeing … [Read more...] about France faces second day of transport chaos as rail workers strike
Hà Nội’s railway not delayed until 2021: Transport ministry
Trial run of the Cát Linh-Hà Đông elevated railway in Hà Nội is due to start in September this year. - Photo cafef.vnViet Nam News HÀ NỘI — A transport official on Monday denied rumours that Hà Nội’s prolonged Cát Linh-Hà Đông urban railway project would be delayed for the fifth time till 2021. He said the trial run would start in September this year. News broke out last weekend that the Ministry of Transport had proposed Prime Minister Nguyễn Xuân Phúc to adjust the timeline of the railway project to 2021 for the last stage of construction and for public use. This might have started speculations that the project was delayed until 2021, said deputy transport minister Nguyễn Ngọc Đông. “The year 2021 is when China’s responsibility for the project’s maintenance ends,” he said. The 13km-long railway line, running from Cát Linh in … [Read more...] about Hà Nội’s railway not delayed until 2021: Transport ministry
Transport ministry says will speed up major projects
Transport ministry says will speed up major projectsLe Anh The Tan Son Nhat International Airport expansion project is an important project this year - PHOTO: LE ANH HCMC – The Ministry of Transport will accelerate key infrastructure projects such as Long Thanh International Airport, Tan Son Nhat International Airport and North-South Expressway from next quarter. At a meeting of the ministry last week, the ministry said its key job for next quarter is to prepare construction of the Eastern North-South Expressway, with feasibility studies for all 11 components to be approved by July. The ministry will also speed up preparations for the Long Thanh International Airport project to sign a contract with a consulting firm for a feasibility study in May. In addition, the ministry will put into use 10 projects and commence seven others in quarter two this year. In the first three months of the year, investors submitted final accounts for eight projects worth more than VND15.3 … [Read more...] about Transport ministry says will speed up major projects