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)

Jumbo jam: wild elephants strand tourists in Khao Yai

NAKHON RATCHASIMA: A large number of tourists were left stranded on a road out of Khao Yai National Park for over an hour after a long holiday when the road to Pak Chong district was blocked by wild elephants late on Monday afternoon.

11:35

Thailand could benefit as India's sugar output set to drop 7%,

SOLAPUR/KOLHAPUR/LATUR, India: India's sugar output is likely to fall 7% this year as erratic weather conditions have cut cane yields, which could dampen exports from the world's biggest producer of the sweetener, farmers, millers and traders said.

11:31

Fatal bombing

Three railway workers killed, four injured when another bomb explodes at the site of Saturday's railway bombing in Sadao district.

10:51