Here is a link to story from the Sydney Morning Herald. To give you the quick version, Vietnam, yeah that very poor little divided country we fought against, is going to build a high speed rail line from Saigon to Hanoi.
While there is plenty of Japanese money going into the project, the Vietnamese government has enough faith in the project to enure they are heavy investors. Now I wonder which European 'sacre bleu' country will supply the trains?
Work is well underway in Saigon on an very, very extensive part underground light rail system.
I have heard, but the statistics are questionable, that the busiest air travel route in the world is between Sydney and Melbourne.
But we don't even have a fast train between the two major cities in Australia.
It will take Japan a long time to realise a benefit to its foreign aid. It will take Vietnam a long time before their investment returns a profit.
But they are investing for the long term future, something Australia seems at times being incapable of doing.