Draft on amended railway law submitted to National Assembly

by VTV431 May 2017 Last updated at 14:53 PM

VTV.vn - The draft on the amended 2016 Railway Law, which is being submitted to the 14th National Assembly, is expected to overcome these constraints and serve as the basis for the sector's development in the future.

No clear definition of the role of the Government in the management of railway infrastructure, the lack of mechanisms, and the absence of specific regulations to attract resources for railway development: these are some of the shortcomings that have been pointed out in the 2005 Railway Law.

While road transport accounts for over 61% of cargo and over 95% of passenger transport, the railway sector accounts for less than 4% of the two.

The railway, which appeared relatively early, was once the main means of transportation in the country, but then it started deteriorating. Limited investment, poor infrastructure and low quality service, as well as the shortcomings of the 2005 Railway Law, are the reasons for its low development.

According to the draft on 2016 amended Railway Law, railway infrastructure is managed and invested in by the Government. The development of transport services will be implemented following socialisation direction through the equitisation of existing units, or through calling for private investment in equipment and transport service for improved quality in the future.

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