Vietnam considers $58.7 billion high-speed railway
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Vietnam is considering building a high-speed railway that runs along the country’s length with a possible price tag of up to $58.7 billion, the government said on Sunday.
The Southeast Asian country’s transport ministry will next month submit a proposal to build the 1,545 km (960 miles) railway to the Politburo, the powerful decision-making body of the ruling Communist Party of Vietnam, the government said in a news release.
Vietnam, a regional manufacturing hub, is ramping up its investment in transport infrastructure to support its fast-growing economy.
The first two sections with combined length of 665 km (413 miles) and total investment of $24.72 billion would be open to traffic by 2032, the government said, adding that the entire project would be completed by 2045-2050.
Questions & Answers
Q.What is the total estimated cost for the proposed high-speed railway in Vietnam?
What is the total estimated cost for the proposed high-speed railway in Vietnam?
The Vietnamese government is considering a high-speed railway project with a possible price tag of up to $58.7 billion. This substantial investment reflects the country's efforts to enhance transport infrastructure to support its rapidly expanding economy.
Q.When is the Vietnamese transport ministry planning to submit the railway proposal?
When is the Vietnamese transport ministry planning to submit the railway proposal?
The transport ministry intends to submit its proposal for the railway next month. This will be presented to the Politburo, which is the influential decision-making body of Vietnam's ruling Communist Party, for their consideration.
Q.What is the expected timeline for the completion of this entire railway project?
What is the expected timeline for the completion of this entire railway project?
The government has stated that the entire high-speed railway project is expected to be completed between 2045 and 2050. The first two sections are anticipated to be open to traffic earlier, by 2032.
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