Hanoi (VNA) –💖 National Assembly Chairman Tran Thanh Man recently issued a resolution on the investment policy for the North-South high-speed rail project.
The resolution stated that the construction of a modern and integrated railway aims at meeting transport needs and creating motives for rapid and sustainable socio-economic development while captialising on the advantages of the North-South economic corridor, ensuring effective connectivity with the East-West corridors and regional countries.
Besides, the railway is expected to help with international integration, environmental protection and climate change as well as promote the nation’s industrialisation and modernisation, contributing to delivering on the goals and missions set at the document adopted at the 13th National Party Congress and other resolutions of the Party.
Starting from Ngoc Hoi station in Hanoi, the 1,541-kilometre railway will pass through 20 provinces and centrally-run cities before ending at Thu Thiem station in Ho Chi Minh City.
The project includes the construction of a twin-track line with a standard gauge of 1,435 mm, designed to operate at speeds of up to 350 km/h. It will feature 23 passenger stations and five cargo stations, serving both passenger and freight transport.
More than 10,800 hectares of land will be required for the project, with some 120,800 people to be relocated.
The project is estimated to cost more than 1.7 quadrillion VND (66.7 billion USD), coming from the state budget allocated over multiple mid-term investment planning periods, along with other legal sources.
A feasibility study will be carried out from 2025. The project is set to be completed in 2035.
The Government is responsible for carrying out the project and managing its investment in accordance with related regulations, ensuring that it stays on schedule with quality, with the economical and effective use of captial and resources, preventing corruption, wastefulness and negative phenomena. Besides, communications work should be enhanced to raise public awareness and create public consensus on the investment policy.
Meanwhile, the Vietnam Railways will be in charge of infrastructure management, maintenance and operation. It will collaborate with other enterprises to continue restructuring, build a modern and effective infrastructure management model, contributing to the country’s rail industry development./.
Hanoi has approved the development of a comprehensive plan to invest in the capital’s urban railway system, with the goal of constructing more than 600 kilometres of rail by 2045.
Prime Minister Pham Minh Chinh on December 5 laid stress on the development of modern railway systems in Hanoi and Ho Chi Minh City, saying it is a significant move to settle traffic congestion and environmental pollution while promoting economic growth in the two major cities in line with directions issued by the Politburo on railway transport and infrastructure.
Ho Chi Minh City will need about 40.21 billion USD for constructing seven urban railway lines with a total length of about 355km by 2035, its Transport Department said.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
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