Railway firm suffers VND50-billion loss from tunnel landslides
Vietnam Railway Corporation (VNR) lost VND50 billion (USD1.97 million) due to recent landslides at Bai Gio Tunnel on the North-South railway.
According to VNR, VND22.3 billion was spent repairing the tunnel, while the remainder was revenue losses.
The tunnel incident caused large amounts of freight to be stuck at railway stations. Some companies hired container trucks to transport easy to spoil goods such as farm produce. This further inflated costs.
Meanwhile, the railway sector had to use vehicles to transport 3,500 passengers between Khanh Hoa to Phu Yen stations every day.
VNR said that repairs on the North-South railway had affected the firm’s revenues. The corporation has proposed a 50 percent discount on infrastructure usage fees until repairs to the Hanoi-HCM City railway line are completed.
According to VNR, VND22.3 billion was spent repairing the tunnel, while the remainder was revenue losses.
Two landslides happen at Bai Gio Tunnel between April 12-21, blocking many trains on the North-South rail route: Photo by Trung Thi
The tunnel incident caused large amounts of freight to be stuck at railway stations. Some companies hired container trucks to transport easy to spoil goods such as farm produce. This further inflated costs.
Meanwhile, the railway sector had to use vehicles to transport 3,500 passengers between Khanh Hoa to Phu Yen stations every day.
VNR said that repairs on the North-South railway had affected the firm’s revenues. The corporation has proposed a 50 percent discount on infrastructure usage fees until repairs to the Hanoi-HCM City railway line are completed.
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