Publish: 20:15, 15 Dec, 2024

Vietnam approves $67b high-speed rail project to boost growth

Online Desk
Vietnam approves $67b high-speed rail project to boost growth
Photo - Collected

Vietnam’s National Assembly has approved a $67 billion investment in a high-speed rail network, aiming to connect Hanoi and Ho Chi Minh City with a 930-mile system. Set to begin construction in 2027 and open by 2035, the project will enhance infrastructure, offer eco-friendly transport, and attract future investments, reports AP.

The high-speed trains, reaching speeds of 217 mph, will cut the current 30-hour journey to just five hours. This will also reduce carbon emissions, as trains are one of the most sustainable modes of transport. The new rail system will include 23 passenger stations, 5 freight stations, and pass through 20 provinces and cities.

The rail upgrade is crucial for Vietnam, where existing infrastructure struggles to meet growing demand. The high-speed rail promises lower transportation costs, less road congestion, and environmental benefits, contributing to Vietnam’s efforts to combat climate change. The project is seen as a cornerstone for the country's future growth, according to Deputy Minister of Transport Nguyen Danh Huy.

Bd-pratidin English/ Jisan

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