Agreement signed for USD6.33 billion Railway PPP project in Vietnam
23 March 2023
Vietnamese infrastructure developer Deo Ca Group JSC has signed a joint venture agreement with Laos’ Petroleum Trading Lao (Petro Trade) Public Company to develop the Vietnam-Laos railway project.
The selected partner will be responsible to develop the railway line that spans 554.7 km, linking Vung Ang Port in the coastal province of Ha Tinh to Vientiane. In accordance with the agreement, Deo Ca Group and Petro Trade would spend VND27,485 billion (US$ 1.16 billion) to build a 103-km segment of the railway between Vung Ang Port and Mu Gia Pass in Quang Binh Province.
The VND149,550 billion (US$6.33 billion) project is anticipated to improve freight forwarding services between Vietnam and neighboring nations, particularly between Vung Ang Port and the commercial hubs in northern Laos and southern China.
Related
-
Gamuda to develop 600MW wind and solar with BESS in Tasmania
4 July 2025
-
Hidroelectrica awards EUR 9.5 mln floating photovoltaic system in Romania
3 July 2025
-
Consortium wins Egypt desalination plant EPC contract
3 July 2025
-
Mozambique Grants Zambia Land for Dry Port Project in Nacala
2 July 2025
-
Madagascar signs deal to develop 50 MW of solar with 25 MWh of storage
2 July 2025
-
Globeleq’s Red Sands battery energy storage project reaches financial close
2 July 2025