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Stalled Vietnam rail project pushes Hyundai Engineering venture to seek damages

Contractor considers international arbitration if $115m payment is not made

The Hanoi Metro Line 3 project has faced extensive delays.   © Vietnam News Agency

HANOI -- A joint venture involving South Korea's Hyundai Engineering and Construction seeks $114.7 million in damages from the city of Hanoi for delays in completing an urban rail project in the Vietnamese capital.

The joint venture with Italian infrastructure builder Ghella is the lead contractor in building the underground portion of the Hanoi Metro Line 3, a 12.5 km link connecting the capital and the western suburb of Nhon.

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