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October 10, 2008

Vietnam to sink $15B into 2 railway systems

HANOI, Vietnam (AP) — Vietnam plans to build two new railway systems in Hanoi and Ho Chi Minh City at the cost of nearly $15 billion, hoping to help ease the overloaded traffic system in the country's two booming cities, the government announced Monday.

Half of the amount will be spent on building tramways for sky trains and subways in Hanoi. The other half will be invested in constructing urban railways and metro in Vietnam's southern hub of Ho Chi Minh City, the government said in a report posted on its Web site.


 
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