HANOI, Aug 14 (Reuters): Vietnam is considering building a high-speed railway that runs along the country's length with a possible price tag of up to US$58.7 billion, the government said on Sunday.
The South-East Asian country's transport ministry will next month submit a proposal to build the 1,545 km (960 miles) 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 665 kms (413 miles) and total investment of US$24.72 billion would be open to traffic by 2032, the government said, adding that the entire project would be completed by 2045-2050. - Reuters