Wednesday, June 16, 2010

Vietnam's Future Rail Plans

There is money available from foreign donors for upgrading rail within Vietnam as this would help the economies of eastern Asia as a whole as improve the natural environment. Currently, both Korea and Japan have offered their own development plans. Korea is offering less money than Japan, but that money is grant money. Also, the money can be used for upgrades to conventional speeds or to high speed. The Japanese have been offering a lot more money, but the money is all loans and the Vietnamese would be required to buy Japanese made equipment. There is also at least 2 billion in potential aid from other sources to build a rail connection to Cambodia, some coming from Australian business groups. China may also be a source of aid money.

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