China Railway bags Hanoi contract

5/26/2009 10:01:16 AM

China Railway No.6 Group has won a US$350.57 million contract to build an urban railway system in Hanoi, according to Vietnam's Ministry of Planning and Investment, Dow Jones reported.   The company will design and build the 13.5-kilometer railway system and provide 52 railway cars within a period of five years, the ministry said in a statement.   The railway, which will run from Hanoi's downtown centre to Ha Dong district to the southwest, will cost $552.86 million to build.   Most of the funds needed for the project come from soft loans from China.   Cargo News Asia

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