HANOI ― Japanese conglomerate Hitachi is demanding more than $150 million in compensation from a government-owned railway company in Vietnam over major delays to Ho Chi Minh City's first metro line, state media reported on Wednesday.
HANOI ― Japanese conglomerate Hitachi is demanding more than $150 million in compensation from a government-owned railway company in Vietnam over major delays to Ho Chi Minh City's first metro line, state media reported on Wednesday.The company is providing equipment for the new line, including train engines and rails, according to state media.
The 20-kilometer Ben Thanh to Suoi Tien line, which would be the first, has been under construction since 2012 and was originally slated to open in 2018.Hitachi has filed a suit at the Vietnam International Arbitration Centre against the city's Management Authority for Urban Railways for a delay of 4,124 days, VNExpress news site said.
Hitachi Files Lawsuit Over Delayed Vietnam Metro
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vietnam apartment blaze kills 14 people(UPDATE) HANOI — 14 people were killed and three others were injured in a fire that ripped through a small apartment block in central Hanoi, Vietnam, early Friday, state media reported.
Read more »
Large apartment fire in central Hanoi kills 14 peopleHANOI, Vietnam: A fire ripped through an apartment complex in central Hanoi early Friday, killing 14 people and injuring three others, police said.
Read more »
Vietnam's state bank auctions gold barsHANOI – Vietnam's gold bars were auctioned at 86.05 million Vietnamese dong ($3,383) per tael on Wednesday, the State Bank of Vietnam said.
Read more »
CTBC PH partners with Hitachi AsiaIN its latest stride toward digital banking innovation, CTBC Bank Philippines has partnered with Hitachi Asia to deliver improved internet and mobile banking experiences that are more user-friendly, faster, convenient and secure to its clients.
Read more »
What Beko, Hitachi joint venture means for Filipino consumersBEKO will now oversee the distribution and after-sales services of Hitachi Home Appliances in the Philippines. It is not an acquisition but a joint venture. It’s also not a matter of Hitachi appointing Beko as its distributor but a partnership where both parties share their synergies.
Read more »
Powering Your Home Back-to-Back Featuring Hitachi Refrigerator & Washing MachineDefining the News
Read more »