HANOI: Vietnam is considering building a high-speed railway that runs along the country’s length with a possible price tag of up to US$58.7 billion, the government said on Sunday (Aug 14).
The Southeast Asian country’s transport ministry will next month submit a proposal to build the 1,545km 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 665km and total investment of US$24.72 billion would be open to traffic by 2032, the government said, adding that the entire project would be completed by 2045 to 2050.
Vietnam considers US$58.7 billion high-speed railway & Latest News Update
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