HANOI (Xinhua): Vietnam's 15th National Assembly has passed a resolution on the investment policy for the north-south high-speed railway project with a total investment of 1.7 quadrillion Vietnamese dong (about US$67 billion).
The project spans three medium-term budget cycles, requiring approximately 538 billion dong (US$21.22 million) for preparatory work (2021-2025), 841.7 trillion dong (US$33.2 million) for 2026-2030, and 871.3 trillion dong (US$34.3 million dollars) for 2031-2035, Vietnam News Agency reported.
The project, with a total length of 1,541 km, will start at Ngoc Hoi station in capital Hanoi, pass through 20 provinces and cities, and terminate at Thu Thiem station in Ho Chi Minh City.
Chairman of the National Assembly's Economic Committee Vu Hong Thanh said after 18 years of preparation and referencing global high-speed rail models, the project is considered feasible for Vietnam's current context. - XInhua
