The railway traffic safety improvement project will invest in construction of different-level intersections between railways and national highways through overpasses in 13 provinces and cities across the country.
The train runs across a level crossing with a railway employee on duty at the gate.
Project Management Board 2 has just sent a document to the Ministry of Transport proposing a Railway Traffic Safety Improvement Project using World Bank (WB) loans.
Accordingly, Project Management Board 2 proposed that the project will invest in grade-separated intersections for 21 intersections between 4 railway lines (including Hanoi - Ho Chi Minh City, Hanoi - Hai Phong, Yen Vien - Lao Cai and Hanoi - Dong Dang) with national highways located in 13 provinces and cities across the country, stretching from North to South.
The total investment for the Railway Traffic Safety Improvement Project is expected to be approximately VND8,148.59 billion (equivalent to approximately USD320.04 million), of which the two largest expenditures are construction costs of VND4,575 billion and contingency funds of VND1,786 billion.
The project is proposed to use ODA loan capital from the World Bank worth about VND 5,716.54 billion (equivalent to about USD 224.52 million) for the following items: construction costs; design consulting costs; construction supervision consulting costs; contingency costs for the above items.
Counterpart capital worth about VND 2,432.05 billion (equivalent to about USD 95.52 million) is used for the following items: project management costs, value added tax, design consultancy, supervision, other consultancy and other costs; site clearance costs; contingency costs for the above items.
Project Management Board 2 also explained the investment capital for this project because due to the characteristics of the railway requiring a small longitudinal slope and some other special technical characteristics such as stations, railway signal information systems, train safety... the option of building a railway bridge over the road would be very costly and difficult to implement, so the main recommended option is to build a road bridge over the railway.
If approved by the competent authority, the project will be implemented within 5 years after the Funding Agreement comes into effect (expected from 2025 to 2030).
“The project aims to improve train safety, reduce annual maintenance and operation costs of existing level crossings after building grade-separated interchanges with roads; and eliminate road congestion when trains pass through,” said the leader of Project Management Board 2.
Source: VNA
Source: https://baophutho.vn/de-xuat-320-trieu-usd-lam-cac-vi-tri-giao-cat-giua-duong-sat-voi-quoc-lo-216563.htm
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