Hitachi to build metro in Ho Chi Minh City

Reading Time: 1 minute

railJapan’s engineering and infrastructure company Hitachi said on June 11 it will construct Vietnam’s first urban railway in Ho Chi Minh City, a 20-kilometer link through the country’s commercial heart, in a project worth $370 million.

The contract is for constructing train cars and tracks, establishing communication systems and conducting other operational processes. The local railway authority will construct the system connecting central Ho Chi Minh City with the northeastern part of the city. It is scheduled to start operating in early 2018.

The project will be financed by a yen-based loan as part of Japan’s official development assistance, according to Asahi Shimbun. Hitachi had competed against Mitsubishi Heavy Industries Ltd., Toshiba Corp. and other Japanese companies.

The company said it aims to win more contracts in Southeast Asia, where many railway projects are on the drawing board, and aims to increase its ratio of overseas sales in its railway division from the current 30 per cent to 60 per cent by 2015.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 1 minute

Japan’s engineering and infrastructure company Hitachi said on June 11 it will construct Vietnam’s first urban railway in Ho Chi Minh City, a 20-kilometer link through the country’s commercial heart, in a project worth $370 million.

Reading Time: 1 minute

railJapan’s engineering and infrastructure company Hitachi said on June 11 it will construct Vietnam’s first urban railway in Ho Chi Minh City, a 20-kilometer link through the country’s commercial heart, in a project worth $370 million.

The contract is for constructing train cars and tracks, establishing communication systems and conducting other operational processes. The local railway authority will construct the system connecting central Ho Chi Minh City with the northeastern part of the city. It is scheduled to start operating in early 2018.

The project will be financed by a yen-based loan as part of Japan’s official development assistance, according to Asahi Shimbun. Hitachi had competed against Mitsubishi Heavy Industries Ltd., Toshiba Corp. and other Japanese companies.

The company said it aims to win more contracts in Southeast Asia, where many railway projects are on the drawing board, and aims to increase its ratio of overseas sales in its railway division from the current 30 per cent to 60 per cent by 2015.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid