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)

PPRP and UTN are 'like one'

Deputy Prime Minister and Palang Pracharath Party leader Prawit Wongsuwon has downplayed reports of party MPs seeking to defect to the United Thai Nation Party, saying the two parties are "like one".

04:00

Cocaine 'super-cartel' busted in Europe and Dubai

THE HAGUE - Police have smashed a huge drugs "super-cartel" that controlled a third of Europe's cocaine trade, arresting 49 people in various countries including six kingpins in the gang's hub in Dubai, Europol said on Monday.

02:45

Italy landslide death toll rises to 8, warnings 'ignored'

ROME - Search parties on Monday recovered the body of an eighth victim of a landslide on the small Italian island of Ischia, as a former mayor said his calls for an evacuation had been ignored.

01:45