Friday, February 22, 2008

Vietnam's largest city starts building 1.1 billion US dollar urban rail system

HANOI (Thomson Financial) - Vietnam's largest city started construction Thursday of the country's first urban railway system, a project worth nearly 1.1 billion dollars and financed mostly with Japanese loans, officials said.

Workers in Ho Chi Minh City broke ground on the system set to carry 526,000 people per day by 2014 along 19.7 kilometers (12.2 miles) of above and below-ground rail lines in the traffic-choked city of about 7 million. -read more-