Wednesday , May 29 2024

Vietnam to start building of two sections of north-south high speed railway before 2030

The Ministry of Transport will complete the North-South high speed railway project’s pre-feasibility study report and strive to start construction of two priority sections before 2030.

The project’s pre-feasibility study report will be submitted to the National Assembly (NA) for approval, said the MoT’s leaders.

The North-South high speed railway has a double track scale, a gauge of 1,435 mm and length of about 1,545 km, according to the National Master Plan for 2021-2030, with a vision to 2050, and the Railway Network Plan.

The Politburo in February issued a conclusion on Vietnam’s railway development orientation, which required concerned agencies to research, analyze and evaluate international experience to choose a modern construction investment plan.

The plan must have a long-term vision, promote the country’s advantages and potential, and be suitable for the country and the world’s development trends.

Implementing the Politburo’s conclusion, Prime Minister Pham Minh Chinh founded a steering committee to carry out the North-South high speed railway project.

The MoT, after collecting opinions from ministries and organizations, completed a plan for the project.

At a meeting on the project at the beginning of this month, Deputy PM Tran Hong Ha said that the project had great importance, contributing to the nation’s socio-economic development, industrialization and modernization.

Therefore, he said, the project needed interdisciplinary consensus, contribution and participation.

The Deputy PM directed the MoT to base on socio-economic development requirements and international experience to research, select and propose a suitable plan.

The plan must ensure feasibility, safety, efficiency and be consistent with global development trends.

He also asked the MoT to preside over and work with other ministries and enterprises to have appropriate mechanisms, including mechanisms for calling for and using capital sources; for using land use revenues from localities; for training and employing officers and engineers; for railway industry development; for public-private partnership investment attraction; and cooperation and technology transfer through foreign direct investment.

Because the project has a large scale, is technically and technologically complex, and has a long implementation period of over 10 years, Ha said that the preliminary investment calculation was only an initial estimate.

The accurate data must be updated in the next steps when eligible, avoiding misunderstandings in case the total project investment increases during the implementation.

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