Source: The Age, Australia

Vietnam will build a high speed railway with aid from Japan at an estimated cost of $US33 ($A42.5 billion), a project that would cut travel time by two-thirds between Hanoi in the north and southern Ho Chi Minh City, the government said. Prime Minister Nguyen Tan Dung gave approval to state-run Vietnam Railways to invest in the 1,630-km track, a statement on the government's Web site (www.vietnam.gov.vn) late on Monday said.

Dung has assigned the unlisted railways firm to work with Japanese experts on a detailed investment plan, the statement said.

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Posted by pichu at February 7, 2007 5:47 PM