Vietnam's THACO Bids to Build and Operate a $61bn High-Speed Railway

Vietnam's THACO bids to build and operate a $61bn high-speed railway

TOKYO -- One of Vietnam's biggest automakers has stepped up with a plan to be the lead builder of a government-proposed high-speed railway covering mu

After the proposal of VinSpeed (a subsidiary of Vingroup Corporation), now it is THACO's turn to propose to participate in investing in the North-South high-speed railway project.

Thaco Proposes Ambitious $61B Transnational High-Speed Rail Project to Revolutionize Travel

read the original version on: www.retailnews.asia Thaco is gearing up to revolutionize Vietnam’s transportation landscape with an ambitious high-speed railway project that promises to reshape connections between major cities. The company plans to cover 20% of the project’s costs and seek loans from both domestic and international financial institutions for the remainder, hoping to secure government guarantees and interest coverage for […] The po…