Vietnam's National Assembly to transform country's infrastructure 67,3 billion US dollars worth high-speed railway project This ambitious undertaking covers a 1.541-kilometer line from Hanoi to Ho Chi Minh City. With a vote rate of 92,48% The adopted project will not only modernize Vietnam's transportation infrastructure but also significantly increase the country's economic and social potential.
Project Features and Details
The new high-speed railway project aims to bring modern railway technology to Vietnam, offering greater capacity for both passenger and freight transport.
Basic Features of the Line
- Length: 1.541 kilometers
- Connection Points: Ngoc Hoi Station in Hanoi and Thu Thiem Station in Ho Chi Minh City
- Line Width: 1.435 mm (dual track system)
- Maximum Speed: 350 km / h
- Regions to be passed through: 20 il
- Stations: 23 passenger stations and 5 freight stations
Station Areas
- Passenger Stations: It has large areas ranging from 200 to 500 hectares.
- Freight Stations: Each will cover approximately 24,5 hectares.
This line is designed to be suitable not only for passenger transport but also for goods transport when necessary. Thus, an infrastructure that will support national defense and security objectives will be created.
Strategic Importance
The high-speed rail project is directly linked to Vietnam's goals of modernizing its transport infrastructure and accelerating economic development.
Economic and Social Contributions
- Reducing Transportation Time: Travel time between Hanoi and Ho Chi Minh City will be greatly shortened.
- Strengthening Regional Connectivity: It will support economic and commercial activities by increasing integration between 20 provinces.
- Sustainable Transportation: It will reduce carbon footprint by offering an environmentally friendly transportation alternative.
Defense and Security
The railway has the characteristics that can be used to transport goods and military equipment when necessary. This is of strategic value for both national defense and economic infrastructure.
Finance and Resource Management
Cost of the Project
Initially determined budget 67,3 billion US dollars, but this figure could change with additional financing and potential cost increases.
Sourcing Mechanisms
- State Budget: Funding will be provided from the medium-term public investment plan.
- Government securities: The prime minister has the authority to issue government bonds to provide additional financing for the project.
- Official Development Assistance (ODA): External loans can be used to fill gaps in project financing.
- Additional Income and Savings: Additional resources from the state budget will support the project.
These mechanisms have been meticulously planned to ensure the uninterrupted progress of the project.
Timeline
- 2025: Completion of the feasibility study.
- 2030: Implementation of all approvals and policies of the project.
- 2035: Completion of construction and commissioning of the line.
Risks and Precautions
Delegates stressed that a careful risk assessment is needed to ensure the viability of the project. The recommended measures include:
- Assessment of Vietnam-specific conditions: Making accurate transportation demand estimates and creating a structure that suits the needs of the region.
- Benefiting from International Experience: Benefiting from knowledge gained from other countries' high-speed rail projects.
- Comprehensive Planning: Completion of detailed analyses at the feasibility stage.
Vietnam's New Era of Transportation
Vietnam's high speed train project, will not only modernize the country's transportation infrastructure, but also strengthen regional connectivity and support economic growth. Sustainability, efficiency and strategic importance This project will be a milestone in Vietnam's transportation field.
With the completion of the project, Vietnam will have taken an important step towards having one of the most advanced railway infrastructures in Asia.
