Maersk Unit, Hateco Study Vietnam Rail Projects With Up to $3.5B
Photo: TokenPost
APM Terminals and Hateco Group will study a rail freight network in northern Vietnam, with preliminary total investment across the proposed projects estimated at up to about $3.5 billion. The companies signed a memorandum of understanding on Oct. 20. The estimate covers the proposed projects together and does not represent a committed investment. The study includes a freight terminal in Hai Phong with cargo-handling and storage facilities, plus three other rail freight sites. The proposed network would connect industrial parks and manufacturing areas with logistics centers and seaports. APM Terminals, part of Denmark’s A.P.
Source: TokenPost
