Trans-Vietnam express railway project kicked off
04:43' 16/09/2009 (GMT+7)

VietNamNet Bridge – The Vietnam Railways Corporation and the Japanese Engine and Carriage Export Association met on September 15 to consider the country’s biggest transportation project ever, the North-South express railway.

 

According to the chief of the Japan International Cooperation Agency’s (JICA) research group Iwata Shizuo, the Hanoi-HCM City express railway will be 1570km long, with 26 stations. The trains’ top speed will be 300km per hour. This railway is scheduled to open for passengers in 2026, with investment capital of around US$38 billion.

 

Japanese experts have suggested developing some priority sections first such as Hanoi-Thanh Hoa, Hanoi – Vinh, Hue – Da Nang, Nha Trang – HCM City and Phan Thiet – HCM City because these are big cities in Vietnam.

 

According to JICA’s research, the Hanoi – Vinh and HCM City – Nha Trang sections can open in 2026 and the entire route become operational by 2036.

 

Capital is a problem, said Japanese experts. National projects need investment from the state budget and private investors both. However, this is an attractive project with stable profit so it should lure private investors.

 

Deputy Minister of Transportation Ngo Duc Thinh said that the government has allocated capital for making and evaluating the investment report for this project. The Vietnam Railways Corporation has finalised this report to submit to the State Evaluation Council.

 

Thinh said that after the report is considered by the State Evaluation Council, it will be submitted to the National Assembly in May 2010. The Prime Minister has assigned related ministries and agencies to call for local and foreign investment for this project.

 

VietNamNet/VNE 

Please send us your comments and feedback:

Printer - friendly version Send via e-mail Send your feedback
Read on >>
Ha Noi to fine bus drivers for road safety violations (15/09/2009)
Call to control tigers in captivity (15/09/2009)
Children get State stamp for safer toys (15/09/2009)
Red River coal basin to be exploited in 2010 (15/09/2009)
Hanoi considers largest reconstruction project of old apartment blocks (15/09/2009)
Viet-kieu co-ed’s slaying roils US campus (15/09/2009)
Critics pan proposed minimum wages as inadequate (15/09/2009)
SOCIAL IN BRIEF 15/9 (15/09/2009)
Two more storms roiling the East Sea (14/09/2009)
Sci-tech Ministry promotes toy safety (14/09/2009)
The future of Vietnam gathers in Hanoi (14/09/2009)
Unfinished bridge languishes as “restaurant” (14/09/2009)
SOCIAL IN BRIEF 14/9 (14/09/2009)
Lawmakers to scrutinise export labour companies (14/09/2009)
Unsafe river craft face destruction under new waterway crackdown (13/09/2009)