Over-67-billion-USD high-speed railway project submitted to legislature
Chairman of the NA’s Committee for Economic Affairs Vu Hong Thanh delivers a verification report on the investment policy of the North-South high-speed railway project. (Photo: VNA) |
Specifically, the Government recommends the construction of a new dual-track railway which has a gauge of 1,435 mm, is electrified, and designed for a speed of 350 km/h, and a load capacity of 22.5 tonnes per axle. The main line will be approximately 1,541 kilometres long, with 23 passenger and five freight stations.
Thang said that the principle for selecting stations is that they must align with the current conditions and development plans of localities, especially in areas with sufficiently large transport demand.
Regarding the project timeline, the minister said that the preparation and approval of the feasibility study report and FEED (Front End Engineering Design) are scheduled to be completed in 2025-2026, while land clearance, contractor selection through bidding, and project groundbreaking are planned for 2027, with the goal of completing the entire railway by 2035.
Preliminary calculations indicate that during the first four years of operation, the government will need to provide partial funding for infrastructure maintenance costs through the state economic budget, similar to the current national railway system. The estimated payback period for the investment is approximately 33.61 years, the minister added.
Delivering the verification report, Chairman of the NA’s Committee for Economic Affairs Vu Hong Thanh said that the committee basically agreed with the Government's proposal, as the project is in line with the railway network master planning scheme for the 2021-2030 period, with a vision until 2050.
During the feasibility study phase, the Government should direct relevant agencies to thoroughly review and select the optimal methods for connecting the high-speed railway line with the existing railway network, urban metro lines, other transport systems, and the regional and international railway networks, he noted./.
See also
Top legislator wraps up official visit to Japan
09:23 | 08/12/2024 News and Events
PM meets with new ambassadors, heads of Vietnamese representative offices abroad
09:10 | 08/12/2024 News and Events
PM urges extra efforts to fulfil all 15 targets set for 2024
17:19 | 07/12/2024 News and Events
Top legislator receives leader of Japanese Communist Party
17:04 | 06/12/2024 News and Events
Party Chief visits nuclear plant site, cultural establishments in Ninh Thuan
08:09 | 06/12/2024 News and Events
Party chief urges Ninh Thuan to capitalise on great potential from land, people
07:56 | 06/12/2024 News and Events
See more news
NA Chairman receives President of Japan’s International Friendship Exchange Council
15:32 | 05/12/2024 News and Events
National Assembly delegation pays working visit to Germany
14:27 | 05/12/2024 News and Events
Top Vietnamese legislator meets with Japanese Emperor, Empress
09:15 | 05/12/2024 News and Events
PM urges faster legal reform to achieve double-digit economic growth
08:45 | 05/12/2024 News and Events
NA Chairman meets Vietnamese embassy staff in Japan
15:20 | 04/12/2024 News and Events
Apparatus restructuring difficult but indispensable: PM
15:02 | 04/12/2024 News and Events
Party chief visits Vietnam Military History Museum
08:49 | 04/12/2024 News and Events
Top legislator starts official visit to Japan
08:41 | 04/12/2024 News and Events
Party chief meets with Hanoi voters
16:22 | 03/12/2024 News and Events
Vietnamese NA Chairman concludes official visit to Singapore
14:40 | 03/12/2024 News and Events
Vietnam among top five favorite destinations for US tourists
21:08 | 08/12/2024 Tourism
Việt Nam needs a competitive energy market: experts
16:59 | 08/12/2024 Energy
Australia shows interest in Việt Nam's vision of a 'rising era'
16:54 | 08/12/2024 Policy
Power sector must not let electricity shortage happen as the country aspires for double-digit growth
16:46 | 08/12/2024 Society
Information and communications sector’s revenue exceeds VND3.9 trillion in 11 months
16:40 | 08/12/2024 Economy
Multimedia
16 intangible cultural heritage elements recognised by UNESCO
10:06 | 06/12/2024 Infographic
Vietnam-Japan Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World
08:49 | 04/12/2024 Infographic
Streamlining political system's organisational apparatus
10:17 | 03/12/2024 Infographic
Vietnam-Singapore Strategic Partnership
15:28 | 02/12/2024 Infographic
Local vibe at wholesale market
10:51 | 02/12/2024 Lifestyle
Australia shows interest in Việt Nam's vision of a 'rising era'
16:54 | 08/12/2024 Policy
Plan to streamline Government's organisational apparatus finalised
09:38 | 06/12/2024 Policy
Vietnam slashes government apparatus, with 9 minitries, agencies cut
10:25 | 04/12/2024 Policy
Specific plans announced to restructure Party apparatus
16:46 | 03/12/2024 Policy
Việt Nam needs a competitive energy market: experts
16:59 | 08/12/2024 Energy
Việt Nam resumes nuclear power project amid rising energy demands
17:07 | 07/12/2024 Energy
Việt Nam's supporting industry for electronics needs more support
16:58 | 07/12/2024 Support industries
Vietnam’s automotive industry seizes golden opportunities from global supply chain
13:17 | 06/12/2024 Support industries
Vietnamese businesses explore Indonesian market
18:01 | 07/12/2024 Investment
Vietnam attracts nearly 31.4 billion USD in foreign investment in 11 months
17:59 | 06/12/2024 Investment
Top legislator suggests Japan’s Tokyu Group expand investment in Vietnam
15:26 | 05/12/2024 Investment
Chinese media highlights Vietnam as attractive investment destination in 2025
16:38 | 03/12/2024 Investment
Finance ministry to use AI in stock market surveillance
09:18 | 08/12/2024 Finance-Banking
Year-end profits put heavy pressure on banks
15:12 | 06/12/2024 Finance-Banking
Party chief receives leader of Japan Bank for International Cooperation
08:51 | 05/12/2024 Finance-Banking
Central bank increases credit growth limit for banks for second time this year
18:43 | 30/11/2024 Finance-Banking
Seeking capital for green transformation remains tough
16:52 | 05/12/2024 Environment
Drainage infrastructure development behind pace of urbanisation
11:07 | 04/12/2024 Environment
Việt Nam rattled by 458 earthquakes in 11 months
14:47 | 03/12/2024 Environment
Hà Nội determined to revive its polluted rivers
10:31 | 03/12/2024 Environment
NVIDIA to build AI research and data centres in VN
08:50 | 06/12/2024 Science - Technology
VinFuture Sci-Tech Week starts in Hà Nội
16:53 | 05/12/2024 Science - Technology
Nineteen initiatives receive Vietnam Smart City Awards 2024
11:46 | 04/12/2024 Science - Technology
Empowering Vietnamese firms with digital transformation
11:31 | 03/12/2024 Science - Technology
Power sector must not let electricity shortage happen as the country aspires for double-digit growth
16:46 | 08/12/2024 Society
The VinFuture 2024 Grand Prize honours 5 scientists for transformational contributions to the advancement of deep learning
17:15 | 07/12/2024 Society
With strong commitment and substantial investment, Việt Nam can end AIDS by 2030
15:50 | 06/12/2024 Society
Mang Den Airport construction plan proposed
14:26 | 06/12/2024 Society
2024 Vietnam Business Day opens shop in Japan
14:49 | 04/12/2024 Vietnamese Brands
Việt Nam's OCOP products debut at AF-L'ARTIGIANO IN FIERA 2024 in Milan
14:55 | 02/12/2024 Vietnamese Brands
Top 10 reputable logistics companies in 2024 announced
07:33 | 01/12/2024 Vietnamese Brands
150 products honoured as “Vietnamese Goods Loved by Consumers 2024”
11:34 | 29/11/2024 Vietnamese Brands
Kinh Bac Art 3 contemporary painting exhibition opens
13:14 | 08/12/2024 Culture
Exhibition on royal culture of Huế opens
14:45 | 04/12/2024 Culture
Vietnamese artisans bring unique handicrafts to Milan
11:35 | 03/12/2024 Culture
Hanoi Digital Pho gives experience of unique culinary essence
09:19 | 03/12/2024 Culture
Vietnam among top five favorite destinations for US tourists
21:08 | 08/12/2024 Tourism
15.8 million int'l tourists came to Việt Nam in first 11 months, nearing 2024 target
07:00 | 07/12/2024 Tourism
2025 holiday schedule announced early, expected to boost tourism
11:33 | 04/12/2024 Tourism
Developing green and sustainable tourism as a pathway to growth
09:22 | 04/12/2024 Tourism