Vietnam railways initiates for PPP

 

An offer to build logistic facilities and associated services in three railroad PPP projects under has been revealed by the Vietnam Railways Corporation (VRC).

 

Tran Ngoc Thanh, the VRC chairman said the PPP will allow the private companies could invest in facilities to provide transport of goods by rail, focusing on cargo yards, storage, cargo-handling equipment and warehouse management systems.

 

Presently only state-run firms or subsidiaries of VRC are allowed to develop railway infrastructure and offer related services. The chairman believes that the introduction of the PPP model in railway services will help change this present outlook of the industry.

 

He said: "VRC subsidiaries have been favoured when it comes to investing in those projects, but the situation will change. We are inviting investors from the private sector, and even allow them to buy trains to run on the railroads we built and use the associated services we are offering."

 

Vingroup, Bach Dang, Indo Tran Logistics, and ATH Express Trains are interested in this project.