A win for Japanese technology abroad and for a greener way of travel and mass transit for Vietnam.
According to Bloomberg News:
Vietnam’s Cabinet has approved plans for a $55.9 billion high-speed rail project that would use Japan’s bullet-train technology, Nikkei English News reported, without saying how it obtained the information.
The rail line would connect the northern and southern parts of Vietnam. Construction is to start in 2012 and trains would run on part of the line in 2020, Nikkei said.
Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Mitsubishi Corp., Sumitomo Corp., and other Japanese companies have been urging Vietnam to adopt their technology, the report said.