Siemens' train-making unit and VinSpeed have signed a turnkey contract worth up to €1 billion (S$1.4 billion) to jointly develop high-speed rail connections in Vietnam, they said on Tuesday (Sept 22).The deal, which builds on an existing partnership between Siemens Mobility and the Vietnamese company established by billionaire and Vingroup Chairman Pham Nhat Vuong, is to develop connections from Hanoi to Quang Ninh and from Ben Thanh to Can Gio, with Siemens Mobility delivering trains and VinSpeed building tracks.[[nid:745318]]

Siemens' train-making unit and VinSpeed have signed a turnkey contract to jointly develop high-speed rail connections in Vietnam.

VIETNAM

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Railways

transportation

Reuters

Siemens' train-making unit and VinSpeed have signed a turnkey contract worth up to €1 billion (S$1.4 billion) to jointly develop high-speed rail connections in Vietnam, they said on Tuesday (Sept 22).The deal, which builds on an existing partnership between Siemens Mobility and the Vietnamese company established by billionaire and Vingroup Chairman Pham Nhat Vuong, is to develop connections from Hanoi...

Siemens Mobility, VinSpeed sign Vietnam rail deal worth up to $1.4b