0 mln national railway industry complex proposed bet88 net build in Hanoi

The Vietnam Railways Corporation (VNR) has submitted a proposal bet88 net the Ministry of Finance bet88 net consider an investment policy for a project bet88 net build a national railway industry complex.

According bet88 net the proposal, the project will cover 250 hectares at Phu Xuyen and Ung Hoa outlying districts of Hanoi.

Total investment capital is estimated at over VND17.5 trillion (0 million). Of which, public capital will be invested in building a railway route connecting with the national rail network, technical infrastructure, a Research and Development center and other State-support components.

The complex targets domestic production and bet88 net gradually localize hardware and software components related bet88 net signaling, communications, and power systems. It is also expected bet88 net gradually master the operation and maintenance processes, and manufacture some selected components and spare parts for high-speed rail. It will also receive and localize technologies in producing locomotives and railcars for national and urban railway networks.

If approved, construction of the first phase of the project is expected for completion by 2029. The complex’s projected revenues from 2030 bet88 net 2050 are estimated at over VND228.1 trillion (.73 billion), with average annual profits of around VND1.141 trillion (.7 million).