On behalf of the Government, and authorized by the Prime Minister, Minister of Transport Nguyen Van Thang has just signed a submission to the National Assembly requesting a decision on the investment policy for the construction of a high-speed railway on the North-South axis.
The project, spanning over 1,540 km, passes through 20 provinces and cities.
According to the government , the investment project build The North-South high-speed railway has its starting point in Hanoi (Ngoc Hoi station) and its end point in Ho Chi Minh City (Thu Thiem station), with a total length of over 1,540 km, and is being invested in through public investment.
The project passes through the territory of 20 provinces and cities including: Hanoi, Ha Nam, Nam Dinh, Ninh Binh, Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Tri, Thua Thien Hue, Da Nang, Quang Nam, Quang Ngai , Binh Dinh, Phu Yen, Khanh Hoa, Ninh Thuan, Binh Thuan, Dong Nai, and Ho Chi Minh City.
The project aims to construct a new double-track railway line with a gauge of 1,435 mm, a design speed of 350 km/h, and a load capacity of 22.5 tons per axle; and to build 23 passenger stations and 5 freight stations. high-speed rail It can transport passengers, meet dual-use requirements for national defense and security, and transport goods when needed.
The project requires approximately 10,827 hectares of land, with about 120,836 people to be relocated. The preliminary total investment is estimated at approximately VND 1,713,548 billion (equivalent to USD 67.34 billion).
The government said, high-speed railway line on the North-South axis The project is expected to consist of approximately 60% bridges, 10% tunnels, and 30% earthworks, resulting in an estimated investment cost of around $43.7 million per kilometer.
This is an average figure compared to some high-speed rail lines around the world with similar operating speeds when adjusted to 2024 levels. The total investment is calculated according to the regulations of construction law and current macroeconomic conditions.
The project's funding sources include central government budget allocations over medium-term periods, contributions from local authorities, and low-cost, less restrictive mobilized capital.
During the construction and operation phase, businesses will be encouraged to invest in service and commercial areas at the stations; and to invest in additional vehicles for operation when needed.
Proposing 19 specific policies
Regarding the implementation schedule, the Government proposes preparing a feasibility study report in 2025-2026; commencing construction at the end of 2027; and striving for the basic completion of the entire route by 2035.
Regarding operational organization, the Government proposes that, under normal conditions, the operation should primarily focus on passenger transport (trains only stop at a few main stations; trains stop intermittently at all stations...); in case of freight transport needs or in emergency situations, the train schedule will be adjusted accordingly.
Regarding the organizational and management plan, the Government proposes that Vietnam Railways Corporation be the unit responsible for receiving, managing, and maintaining the infrastructure and organizing the operation of the entire line; it will be entrusted with all vehicles and equipment for operation and will be responsible for repaying the investment costs.
To implement the project, the Government proposes that the National Assembly allow the project to be applied. 19 specific policies and mechanisms. In this regard, the Government proposes that the National Assembly allow the application of a list of railway industrial products, supporting industries, and other industries serving the project that are subject to assignment or ordering by Vietnamese organizations and enterprises; criteria for selecting state-owned organizations and enterprises assigned tasks or other Vietnamese enterprises to order the supply of railway industrial products, supporting industries, and other industries; and research, application, and transfer of railway technology serving the Project.
During the contractor selection and contract signing process, the investor must specify concrete terms regarding the roadmap and content of technology transfer to the general contractor and subcontractors, according to the list of technology transfers outlined in the investment project approved by the competent authority.
The government proposes prioritizing the selection of general contractors and contractors committed to transferring new, modern, and complex technologies that are not yet available domestically; for railway industrial products, supporting industries, and other industries serving the Project that can be produced domestically, the investor, general contractor, and contractor must prioritize ordering from Vietnamese enterprises.
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