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VinSpeed and Siemens sign a turnkey contract up to 1 billion euros to build two high-speed railways in Vietnam

According to 36Kr, VinSpeed, a subsidiary of Vietnam's Vingroup, has signed a turnkey contract with Siemens Mobility worth up to 1 billion euros to construct two high-speed railway lines in Vietnam. The agreement covers the Hanoi-Quang Ninh and Binh Dien-Quynh Nhon routes, with Siemens providing technology, 10 Velaro Novo trains, and communication systems.

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VinSpeed and Siemens sign a turnkey contract up to 1 billion euros to build two high-speed railways in Vietnam

economy3 h ago

coda.news AI summary

The contract covers two lines totaling 175 kilometers, specifically 121 km for Hanoi-Quang Ninh and 54 km for Binh Dien-Quynh Nhon, with a total of six stations.
Siemens Mobility is responsible for supplying 10 Velaro Novo high-speed trains along with communication and electrification systems.
VinSpeed is tasked with project development, track construction, and civil engineering works under the agreement.

VinSpeed Vingroup Siemens

36KrRead original ↗