Vietnam considers $58.7-billion high-speed railway - govt


FILE PHOTO: A vendor walks on a railway track as tourists gather on either side, in the Old Quarter of Hanoi, Vietnam September 28, 2019. REUTERS/Kham

HANOI (Reuters) - 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 1,545 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 $24.72 billion would be open to traffic by 2032, the government said, adding that the entire project would be completed by 2045-2050.

(Reporting by Khanh Vu; Editing by Michael Perry)

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In World

Twitter Blue subscribers getting edit feature
From FOMO to ROMO, or the relief of missing out
After divisive campaign, Quebec's Legault eyes unity in second term
IMF to consider $1.3 billion in emergency funding for Ukraine on Friday
North Korea backs Russia's proclaimed annexations, criticises U.S. 'double standards'
N.Korea fires missile towards the east -S.Korea, Japan militaries
Ukraine forces break through Russian defences in south, advance in east
Feature: Initiative launched to facilitate Egyptian students' Chinese language learning
EU prepares for possible power cuts and other emergencies as energy crisis intensifies -RND
Feature: Turks brace for more hardships as inflation soars

Others Also Read