Vietnam considers $58.7-billion high-speed railway: govt

Vietnam considers $58.7-billion high-speed railway: govt

HANOI: Vietnam is considering building a high-speed railway that runs along the country's length with a possible price tag of up to $58.7 billion, the government said on Sunday.

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 $24.72 billion would be open to traffic by 2032, the government said, adding that the entire project would be completed by 2045-2050.


Do you like the content of this article?
COMMENT (6)

CJ Express weighs B18-billion IPO

CJ Express Group Co, the retail chain founded by the energy drink tycoon Sathien Setthasit, is considering an initial public offering to raise at least 18 billion baht, according to people familiar with the matter.

20:01

UK royals show ruthlessness in race row

LONDON: The timing could not have been worse for Britain's royal family, not long after one racial reckoning involving Prince Harry and ahead of a new publicity blitz from the maverick "spare heir".

19:45

Making a point

Points deduction system for traffic violations will begin on Jan 9, with the loss of all points resulting in a 90-day suspension of drivers’ licences.

18:42