Ministry of Transport "stripped" the investor rights of a series of railway projects

The Ministry of Transport has just "stripped" the right to be the investor of projects funded by the state budget and ODA capital that were assigned to the Vietnam Railway Corporation and the Vietnam Railway Authority. Among them is the railway project that is notorious for receiving bribes from JTC and the project that "increased" the capital by 300 million USD.

The decision to transfer the investor function of a number of investment projects in the railway sector was applied by the Ministry of Transport to Vietnam Railway Corporation (VNR) and the Vietnam Railway Authority.

A series of railway projects that Vietnam Railways is implementing and preparing for investment have just had their investor rights "stripped" by the Ministry of Transport.

Regarding the Vietnam Railway Corporation, the Ministry of Transport transferred the functions of 7 ongoing projects in which the Corporation plays the role of investor. Among them is the scandalous project in the bribery case of 80 million Yen from the Japanese contractor JTC. These are the Hanoi Urban Railway Construction Project (Line 1) Phase 1, with Japanese loans; the Hanoi Urban Railway Construction Project (Line 1) Phase 2 (including projects 2A and 2B), with Japanese loans. The Project to Improve the Safety of Railway Bridges on the Hanoi - Ho Chi Minh City Route (44 bridges), with Japanese loans;

Project to improve and upgrade the Yen Vien - Lao Cai railway line, loan capital ADB + AFD + DGTPE; Project to modernize the signaling information system of the Vinh - Ho Chi Minh City section, Thong Nhat railway line (phase 1), loan capital from China; Project to modernize the signaling information system of the Hanoi - Lao Cai, Hanoi - Dong Dang, Hanoi - Thai Nguyen routes and the Hanoi hub area (phase 1), loan capital from China; Railway signaling information system of the Hanoi - Vinh section, Thong Nhat railway line (phase 2), loan capital from the French Republic.

There are 6 projects in the investment preparation stage that the Ministry of Transport "stripped" of the investor role of this Corporation, including: Renovation of the railway line in the Hai Van Pass area, expected to be a Japanese loan; Improvement of the safety of railway bridges on the Hanoi - Ho Chi Minh City route (phase 2) with 56 bridges, expected to be a Japanese loan; Modernization of the signal information system of the Vinh - Ho Chi Minh City section, Thong Nhat railway line (phase 2), Chinese loan; Modernization of the railway signal information system on the Hanoi - Lao Cai, Hanoi - Dong Dang, Hanoi - Thai Nguyen routes and the Hanoi hub area (phase 2), Chinese loan;

Khe Net Pass Railway Improvement Project, Hanoi - Ho Chi Minh City Railway Line, expected to be funded by Chinese loans; Trang Bom - Hung Hoa Railway Project, including 2 independently operated component projects: Trang Bom - Di An Railway, Di An - Hung Hoa Railway, expected to be funded by Japanese loans.

Regarding the Vietnam Railway Authority, the Ministry of Transport "stripped" the rights of investors of projects assigned to this Authority, including 3 projects under investment and 2 projects in preparation for investment. Notably, among these is the Hanoi urban railway project Cat Linh - Ha Dong, a project using Chinese loans and having to adjust the total investment by 300 million USD, also related to this project. The Director of the Vietnam Railway Authority was once suspended from work by Minister Dinh La Thang for making incorrect and irresponsible statements that caused public outrage and affected the reputation of the transport sector.

It is expected that the Ministry of Transport will soon merge the Railway Project Management Board (under the Vietnam Railway Authority) and the Railway Project Management Board (under the Vietnam Railway Corporation) to transfer this board under the Ministry of Transport.

According to dantri.com