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Transport HCMC High-Speed Rail: $80.4M for Land Acquisition Begins
Picture courtesy of VN Express Ho Chi Minh City's ambitious high-speed rail project is making headway, with a 17-kilometre section requiring over VND2.1 trillion (approximately 2.95 billion Thai Baht) for land acquisition and clearance. This section, integral to the expansive north-south route, will host the Thu Thiem station over 17 hectares and the Long Truong Depot across 60 hectares. The city has established specialised agencies to draft a comprehensive site preparation strategy, aiming for smooth coordination with neighbouring localities. However, clarity from the Ministry of Construction’s Railway Project Management Board is awaited to finalise specific locations, enabling the identification of lands, compensation disbursement, and resettlement planning. "This is a key national project, and so HCMC is taking proactive steps to ensure progress," affirmed Vo Trung Truc, Deputy Director of the Department of Natural Resources and Environment, during a recent meeting. Previously, city chairman Nguyen Van Duoc tasked the Department of Finance with determining the project leader, formulating compensation frameworks, and advising on financial strategies. Concurrently, the Department of Construction is tasked with route analysis to prevent overlaps with other projects and evaluate transit-oriented development opportunities at Thu Thiem and Long Truong. Furthermore, the Department of Natural Resources and Environment is working on compensation plans within the transit-oriented development (TOD) model at both sites. Spanning 1,541 kilometres, the high-speed rail will link Ngoc Hoi Station in Hanoi to Thu Thiem Station in Ho Chi Minh City. Sanctioned by the National Assembly at a projected cost of VND1.7 quadrillion (about 2.39 trillion Thai Baht), the railway boasts a standard 1,435 mm dual-gauge track designed to achieve speeds of up to 350 kph, featuring 23 passenger stations and five cargo hubs. The project, slated for completion by 2035, is a financial collaboration involving public investment and other funding channels. Preliminary assessments indicate that approximately 10,800 hectares of land will be required, displacing over 120,000 residents in the process. The Ministry of Construction is currently preparing a feasibility study to cement the project's viability, poised to transform Vietnam’s transport landscape significantly. Adapted by ASEAN Now from VN Express 2025-07-11 -
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Thai Bread
That means 50% white flour, and 13% butter or margarine, and sugar. Not healthy, at all. -
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MAGA Burning their hats
Meanwhile...😆 https://www.realclearpolling.com/polls/approval/donald-trump/approval-rating -
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UK UK-Based Muslim Matchmaking Site Under Fire for Promoting Virgin Brides and Polygamy
Read the first sentence in the post that I replied to -
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WISE large transfers, any recent problems?
UPDATE. I did some new transfers today and the 'Wise delays' are all on Bangkok Bank - irrespective of the amount. When I entered the transactions for 10K AUD each, I input the BB accounts as receivers. Before the final step, the Wise system said amounts 'will be received on Monday 14th". I then cancelled them both before sending. I then started two separate transactions later 10K to our Krungsri accounts, and the Wise system said that both transfers would be received 'immediately'. The transactions to me were selected as 'for long term stay in country' and for the wife they were both 'sending money to family' - so that was not the issue. Bangkok Bank take 3 days (weekend) and Krungsri is done instantly. Says it all. It is not Wise - it is the bank. Once my annual renewal is done we will be switching over to Krungsri - as long as their new Biz Online banking service is free. -
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Report Ho Chi Minh City Shifts to Local Funding for Metro Line No. 2
Picture courtesy of VN Express Ho Chi Minh City has decided to halt borrowing from Germany's KfW bank for its Metro Line No. 2 project, choosing instead to utilise domestic funds to avoid further delays. On Tuesday, Vietnam’s Prime Minister, Pham Minh Chinh, passed a resolution permitting the city to end two financial agreements from 2011 with KfW. These agreements totalled €155 million (about 7 billion THB) in concessional loans and €66.2 million in non-refundable aid. The city's People's Committee is now tasked with managing the remaining non-refundable aid according to local regulations. Additionally, the city must cover all costs associated with this cancellation, such as commitment fees and other charges imposed by KfW. This decision follows years of hurdles that have stalled progress on Metro Line No. 2, which aims to connect Ben Thanh Market to Tham Luong. Initially approved in 2010 with a budget of VND26 trillion (around 32 billion THB), the cost was adjusted to nearly VND47.9 trillion in 2019 due to delays and increases. Despite budget adjustments, construction has been slow. The city faces low disbursement rates and lengthy negotiations with foreign partners, obstructing contractor selection and jeopardising plans to break ground this year. To address these challenges, city officials propose using local funds within the city's medium-term investment plan. They aim to leverage faster procedures allowed under the National Assembly's Resolution No.188, which supports HCMC development. The HCMC Management Authority for Urban Railways (MAUR) reports that site clearance and infrastructure relocation are complete. The focus now shifts to selecting design consultants and contractors. If all proceeds smoothly, construction could commence by the end of 2025, with the metro operational by 2030. Two private investor groups, including THACO and a consortium of Dai Dung, Hoa Phat, and CC1, have shown interest in investing. The city's Department of Finance will evaluate these proposals and advise on investment decisions. Currently, the city operates one railway line, Ben Thanh - Suoi Tien, completed in December 2024 after several delays. Metro Line No. 2 is poised to be the backbone of HCMC's future mass transit network, extending over 48 km when fully realised. Adapted by ASEAN Now from VN News 2025-07-11
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