HANOI, Vietnam (AP) — Vietnam on Saturday accepted the development of a high-speed railway connecting the capital Hanoi within the north to Ho Chi Minh metropolis within the south at an estimated value of $67 billion.
The bold railway line will stretch 1,541 kilometers (957 miles) between the Vietnamese capital and the monetary capital within the south. The new prepare is predicted to journey at speeds of as much as 350 kph (217 mph), decreasing the journey from the present 30 hours to simply 5 hours.
The resolution was taken by Vietnam’s National Assembly, its parliament.
Construction is predicted to start in 2027 and Vietnam hopes that the primary trains will begin working by 2035. But the nation has been beleaguered by delays to its earlier infrastructure tasks.
The prepare will go by 20 provinces and cities, with 23 passenger stations and 5 freight stations alongside the way in which. It will transport each folks and items and also will service protection functions, state media mentioned.
Deputy Minister of Transport Nguyen Danh Huy mentioned that the venture was a response to rising transport wants, and that a number of research had underscored the necessity for sooner choices on the north-south hall, state media mentioned.
“This venture is pivotal for restructuring transport shares and serves as a cornerstone for Vietnam’s leap into a brand new period of progress,” he mentioned.
State media mentioned that Vietnam will prioritize home funding for the venture however might contemplate overseas loans if they’re inexpensive and never restrictive.
