Vietnam to Build $5bn, 139km High-Speed Railway From Saigon to Can Tho

 

Once the high-speed railway is finished, it will only take 45 minutes to travel from Saigon to Can Tho.

A public-private partnership was recently formalized between Canadian brokerage firm MorFund Financial Inc. and Phuong Nam Science and Technology Institute (PNSTI) to invest CA$6.3 billion (US$5 billion) in the Saigon-Can Tho highspeed railway project, VnExpress reports.

The partnership was signed in the form of a memorandum of understanding (MoU) and will be the legal groundwork for the next investment phase of the project. The institute will submit a report to the Ministry of Transport, the Prime Minister, and the National Assembly within this year and hopefully the project can be started at the end of 2018.

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