TOKYO - VIETNAM will use Japanese bullet train technology in a US$56 billion (S$77.3 billion) national railway link, an official said on Thursday, with Japanese companies in line for multi-billion dollar contracts.
The project will see the construction of a 1,560km high-speed rail link between the capital Hanoi and the southern commercial hub of Ho Chi Minh City.
"Once the plan is officially confirmed by the Vietnam government, Japanese companies with the train technologies - such as Kawasaki Heavy Industries and Mitsubishi Heavy Industries - are expected to land contracts,' he said. more>>
The project will see the construction of a 1,560km high-speed rail link between the capital Hanoi and the southern commercial hub of Ho Chi Minh City.
'The Vietnam government has decided to adopt the Japanese 'Shinkansen' train technology at a cabinet meeting,' said Soichi Matsumoto, an official at Japan's trade ministry. -- PHOTO: BLOOMBERG
"Once the plan is officially confirmed by the Vietnam government, Japanese companies with the train technologies - such as Kawasaki Heavy Industries and Mitsubishi Heavy Industries - are expected to land contracts,' he said. more>>
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