Intellasia.net
 
 
 Services  Tenders BizFind Jobs Archive Search Contact  Tiếng Việt
Updated: 21 Mar, 2011 - 9:33:01 AM (GMT+7:00) RSS feed to Intellasia Vietnam News RSS Feed  Video Feeds
Intellasia News Online « back
Email this article Send to a friend     Printer friendly page Printer friendly   
 
 
 
Held up Vietnam rail plan still counts on Japan
30-AUG-2010 Intellasia | The Japan Times
30 Aug, 2010 - 7:00:00 AM
Free newsletter - click here
Although a plan to build a north-south high-speed railway connecting Hanoi and HCM City in Vietnam has hit a snag following an unusual move by the communist state's legislature not to approve it for further study, the head of the railway is calling for continued support from Japan.

Nguyen Huu Bang, chair and chief executive officer of Vietnam Railways Corp., said in a recent interview that he expects the Japan International Cooperation Agency to start feasibility studies on two specific high-speed railway sections in the near future to lay the groundwork for the project.

Vietnam has expressed its intention to adopt the shinkansen system for its Japanese yen 5 trillion project to build a 1,600-km high-speed railway linking the two cities in as little as 5 1/2 hours.

Jica has conducted a preliminary study as part of a comprehensive survey of Vietnam's overall transport system and says the railway will be economically feasible on condition that it opens in or after 2036 and urban development along the line accelerates, boosting an inflow in the population.

Although the project failed to gain majority support in the legislature in June, Bang said the government is expected to resubmit it after new leaders of the Communist Party are selected next year.

No official announcement was made by the legislature, but Vietnamese national assembly members reportedly were concerned about fiscal sustainability if the project is carried out, as its estimated costs amount to about two-thirds of the nation's gross domestic product.

The Communist Party of Vietnam is set to hold its national party congress, held every five years, in January to select new leaders. The high-speed railway is one of the priority projects being strongly pushed by Premier Nguyen Tan Dung.

Bang said he is not discouraged by the legislature's request for "more details" of the project and that he expects Jica to closely examine the feasibility of two priority railway sections — a 295-km section in the north from Hanoi to Vinh and a 362-km section in the south from HCM City to Nha Trang.

He said operations of the two sections can start earlier than the opening of the entire north-south line in or after 2036.

Jica's feasibility study will provide basic information to Tokyo in making a decision on whether to extend yen loans for the project.

The head of the railway said Vietnam wants to introduce Japanese technology because it intends to adopt the so-called electric multiple unit style, which has been increasingly used for high-speed rail systems around the world.

Shuji Eguchi, director of the international affairs office at the transport ministry's railway bureau, said Vietnam "highly evaluates" the safety and punctuality of the shinkansen system. Since the launch of its services in 1964, no accidents involving casualties have occurred.

Eguchi said, however, the government has not yet officially decided on the start of Jica's feasibility study as Tokyo believes it should not hurry over the railway project, which will be a long-term process.

Although the government has recently put a focus on exporting its infrastructure systems, including the shinkansen, to spur its own economic growth, the official of the Land, Transport, Infrastructure and Tourism Ministry said Japan is "not pushing itself" with regard to the Vietnam project.

"We need a step-by-step approach. The conventional Vietnamese railway is single track and not electrified yet," he said. "To jump from that stage to the shinkansen, Vietnam needs to train personnel and enact necessary legislation."

The acquisition of the right of way will also be hard work, he added. A new railway must be built separately from the existing line for exclusive use by high-speed trains.

Eguchi said Vietnamese people should first get used to "the railway culture" after the introduction of planned urban train systems in its two major cities in the foreseeable future. At present, Hanoi and HCM City citizens usually get around by motorcycle.

Toshio Nagase, senior representative of Jica's Vietnam office in Hanoi, said not many people currently use railway services for long-distance trips in Vietnam, but he believes there is considerable demand for speedy trains.

It is considered dangerous to travel by long-distance bus due to bad road conditions on expressways and few people have their own cars, he said. Frequent travellers fly between Hanoi and HCM City because it takes more than 30 hours to travel by the existing train service.

http://search.japantimes.co.jp/cgi-bin/nn20100828f2.html






    © Copyright 2009 by Intellasia.net

    Top of Page


 
Singapore says casino-related crime well under control
Commercial lending set to lead the way for local banks
Burma must deliver on reforms: Indonesia
Asian retail property expected to remain bullish
Bloomberg Brief Launches Daily Asia Economics Newsletter
Indonesian president's approval ratings drop
Consumer confidence index rises in Jan
Indonesia debt sees more strong demand on GDP data, yield down
Exclusive - Indonesia investors confident on Bumi board shake-up
Finance Ministry to ease private investment in infrastructure
Philippines inflation slows
AirAsia Philippines to use Clark as hub for regional flights
Singapore tourism visitors jump to record 13m in 2011
Singapore retail investors more pessimistic in investment outlook
Singapore commercial crimes rise as scams gain
Gold Coast second route for Singapore budget carrier
Vietnam Banking and Finance
Advertising
 
 
Intellasia News Services
© 2009 All Rights Reserved
privacy policy : terms of use : contact