Automaker Thaco offers to build $61B transnational high-speed rail
“Automaker Truong Hai Group Corp. (Thaco) has asked to build the North-South high-speed railroad at a cost of VND1.5 quadrillion (US$61 billion).”
“It seeks to put in 20% of the cost and secure the rest through loans from domestic and international financial institutions.”
“It wants the government to provide guarantees and cover loan interest for 30 years, with repayment secured by assets generated from the project.”
“The route, approved by the National Assembly, will run 1,541 kilometers from Hanoi to HCMC, passing through 20 provinces and cities.”