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Parsons looking at airport and rail investments

Released at: 16:18, 05/08/2015

Parsons looking at airport and rail investments

US Corporation meets with Transport Minister to discuss possibilities.

by Hoai An

Minister of Transport Dinh La Thang met with Mr. Thomas Haag, Vice President of the Parsons Corporation from the US, on August 4 on investments in developing airports and rail infrastructure in Vietnam.

At the meeting Mr. Haag introduced the size and business operations of the corporation. “In the field of aviation we provide services for more than 400 airports in 40 different countries around the world,” he explained. “We offer full services, in research, planning, deployment, monitoring and management.”

The Corporation expressed a desire to collaborate with other enterprises in Vietnam to promote the transfer of management skills and technology to optimize the effectiveness of projects. It also wants to participate in other activities relating to finance for infrastructure development.

Minister Thang said that over the last five years, despite the economic downturn, Vietnam’s aviation sector had maintained average growth of 14 per cent in passenger numbers and 16 to 17 per cent in cargo transport. In 2014 it catered to 33.15 million passengers and carried 741,000 tons of cargo.

There are 53 foreign airlines from 25 countries flying to and from Vietnam and three domestic airlines flying on 56 international routes to 17 countries. Vietnam now has 22 airports, including eight international airports.

In the railway sector it has some notable projects in the pipeline, such as the North- South express railway and urban railways in Hanoi and Ho Chi Minh City.

Minister Thang also committed that the Ministry of Transport welcomed and would create favorable conditions for foreign businesses to invest in transportation infrastructure. He also suggested the Parsons Corporation work directly with the Civil Aviation Authority of Vietnam and the Vietnam Railway Authority to receive specific information on projects.

In July the Korean Railroad Corporation was invited to conduct a feasibility study for a project building a 500-km railway from the Vung Ang Economic Zone in north-central Ha Tinh province to the Lao capital of Vientiane.

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