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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