Vietnam to have 16 more railway lines by 2030
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Vietnam’s railway network planning expects to have 16 new national lines with a total length of about 4,802km by 2030.
According to the Ministry of Transport, the planning for 2021-2030 will also upgrade seven existing lines, whose total length amounts to 2,440km.
By 2050, the number of new rail lines will be 25, which together are 6,354km long.
The completely upgraded and expanded network following the planning will connect strategic economic areas and corridors, urban centres, international sea ports, border gates, and airports nationwide, said a leader of the ministry.
Rail transport boasts several advantages. It requires less land areas, leaves little impact on the environment, and carries a large amount of goods and passengers. It is also fast, safe, and low cost.
However, the railway investment budget is enormous, while the State budget resources are limited. Due to the low financial efficiency of railway investment, it is difficult for the sector to attract capital from society.
Questions & Answers
Q.What is the total length of the new national railway lines planned for Vietnam by 2030?
What is the total length of the new national railway lines planned for Vietnam by 2030?
By 2030, Vietnam expects to have 16 new national railway lines, with a combined length of approximately 4,802km.
Q.Which existing railway lines are scheduled for upgrades between 2021 and 2030?
Which existing railway lines are scheduled for upgrades between 2021 and 2030?
Seven existing railway lines, totalling 2,440km in length, are scheduled for upgrades as part of the 2021-2030 planning.
Q.What are the stated benefits of rail transport that make it an attractive investment?
What are the stated benefits of rail transport that make it an attractive investment?
Rail transport requires less land, has minimal environmental impact, and can carry large volumes of goods and passengers. It is also fast, safe, and low cost.
Q.What are the main financial challenges associated with railway investment in Vietnam?
What are the main financial challenges associated with railway investment in Vietnam?
Railway investment budgets are enormous, but state budget resources are limited. The sector also struggles to attract private capital due to low financial efficiency.
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