Vietnam has now allocated as much as $58.7 billion for its planned high-speed railway from the north to the south of the country, the government said on Aug. 14. The country’s transport ministry will submit a proposal to build the 1,545-kilometer railway in September, the Politburo, the decision-making body of the ruling Communist Party of Vietnam, said Reuters, citing a government press release. This railway is an important public transport project that quickly connects Ho Chi Minh City with all the important coastal cities and eventually with Hanoi and from there two more connections to Kunning and Nanning in China…
Vietnam has now allocated as much as $58.7 billion for its planned high-speed railway from the north to the south of the country, the government said on Aug. 14.
The country’s Ministry of Transport will submit a proposal for the construction of the 1,545-kilometer railway to the Politburo, the decision-making body of the ruling Communist Party of Vietnam, in September. Reuters A government press release was cited.
The railway is an important public transport project that quickly connects Ho Chi Minh City with all the important coastal cities, eventually to Hanoi, and from there two more connections to Kunning and Nanning in China.
The line is scheduled to break ground in 2028. Work will start on both ends simultaneously; in the north, it will be a 250-kilometer stretch between Hanoi and Vinh, and in the south, a 450-kilometer line between Ho Chi Minh City and Nha Trang.
The first two parts will be ready by 2032
The first two sections, with a total investment of $24.7 billion, will be open to traffic by 2032, the government said, adding that the entire project will be completed between 2045 and 2050.
Financing details for the high-speed rail project have not been disclosed. But as with the energy sector, in addition to funding from the state budget, the government may also approach private investors and development agencies to raise funds.
For example, Vietnamese Prime Minister Pham Minh Thanh in July asked Japan Bank for International Cooperation, an overseas development financial institution, to support Vietnam in building railways.
faster speed higher cost
before vietnam plan It only costs $26 billion to run at 200 km/h “cost-effectively” on rail. In the latest proposal, the trains are designed to travel at 320 km/h, so the cost is higher.
Vietnam, a regional manufacturing hub, is increasing its emphasis on transportation and vitality infrastructure to support its rapidly growing economy.
