HANOI -(Dow Jones)- Vietnam will spend $438 million to build a railway linking the economic hub of Ho Chi Minh City with Cambodia, the Ministry of Transport said Tuesday.
The 128.5-kilometer railway from Ho Chi Minh City to the border with Cambodia will form part of the Trans-Asia Railway linking Singapore and Kunming, China, the ministry said in a statement.
Vietnam expects to get official development assistance from China and other international donors to build the railway, it said.
A feasibility study on the project is being prepared by a Chinese consulting consortium and should be submitted to the Vietnam Railway Department later this month, the ministry said.
Construction is scheduled to begin in 2010.
-By Vu Trong Khanh, Dow Jones Newswires; 844 35123042; trong-khanh.vu@ dowjones.com
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