Government approves railway infrastructure management and use plan

Deputy Prime Minister Tran Hong Ha has given the go ahead to master plan on the management, use, and exploitation of national railway infrastructure assets invested in and managed by the State.

Under the plan, the Vietnam Railways Corporation (VNR) will be assigned to manage, use, and exploit the national railway infrastructure assets in a form that does not include the State capital component in the enterprise by the end of 2030.

After 2030, the Ministry of Transport will organise an assessment of the current status and effectiveness of the management, use, and exploitation of the national railway infrastructure assets in the previous period to decide on the assignment of the assets according to regulations.

The management and maintenance of the national railway infrastructure assets will be carried out in accordance with relevant laws.

The Ministry of Transport shall allocate the budget estimate and organise the management and maintenance of the national railway infrastructure in accordance with the provisions on the state budget; on the management and use of public assets; on railways and other relevant provisions.

Some 30% of the fees collected from railway transport businesses annually will be reinvested in upgrading the railway infrastructure.