Vietnam plans US$67bil high-speed railway with no foreign capital


HANOI (Reuters): Vietnam plans to fund a US$67 billion high-speed railway entirely on its own in a demonstration of the Communist-run country's reluctance to accept foreign loans, though some experts said the goal may be unrealistic.

The railway from capital Hanoi to southern business hub Ho Chi Minh City would be Vietnam's largest ever infrastructure project, with annual average costs for the state budget estimated at about $5.6 billion for 12 years, according to the transport ministry.

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