17 billion USD needed to build railway connecting to seaports

As much as 17 billion USD is needed to build two railway routes connecting to seaports, namely Lao Cai-Hanoi-Hai Phong and Bien Hoa-Vung Tau, according to the Ministry of Transport (MoT).

Monday, July 17, 2023 at 17:06

17 billion USD needed to build railway connecting to seaports

A pre-feasibility study is underway for the Bien Hoa-Vung Tau route with 1,435mm gauge tracks. It is 128km long with a total investment of 6.2 billion USD.

Meanwhile, the detailed planning of the 380km-long Lao Cai-Hanoi-Hai Phong project has been basically completed at a cost of about 11 billion USD.

According to the MoT, a large amount of the money for the two projects will come from the public investment fund.

Due to their big investment, the two projects have been included in the list of those that call for foreign investment in the 2021-2025 period, the ministry said, adding that it is preparing for capital mobilisation so that construction of the projects will start before 2030.

VNA

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Soaring temperatures to record rainfall: Asia reels as climate crisis takes hold

By Heather Chen, CNN

Updated 9:54 PM EDT, Mon July 17, 2023

Hong KongCNN — 

The world’s largest and most populous continent is reckoning with the deadly effects of extreme summer weather, as countries endure blistering heatwaves and record monsoon rainfall, with governments warning residents to prepare for more to come.

This month torrential rains inundated parts of JapanChinaSouth Korea and India, upending the lives of millions and causing flash floods, landslides and power cuts. Record temperatures also led to a rise in heat-related illnesses, particularly among vulnerable communities such as the elderly.

On Saturday, at least 13 people in the central South Korean city of Cheongju died after waters from a burst riverbank flooded an underpass, trapping vehicles, including a public bus.

At least 41 people have died in South Korea in recent days and thousands more have been forced to evacuate their homes and seek temporary shelter, as heavy downpours hit central and southern parts of the country.

In response to the loss of life, South Korean President Yoon Suk Yeol called for an overhaul of the country’s approach to extreme weather.

“This kind of extreme weather event will become commonplace — we must accept climate change is happening, and deal with it,” Yoon said Monday.

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Rescue workers at the flooded underpass in Cheongju, South Korea on July 16, 2023.

Rescue workers at the flooded underpass in Cheongju, South Korea on July 16, 2023.Kim Hong-ji/Reuters

In neighboring Japan, record rainfall in the southwest of the country resulted in devastating flooding that left at least six people dead, and many others still missing.

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