The government of Vietnam said on Sunday that it is considering building a high-speed railway that would run the length of the country at a cost of up to $58.7 billion.

The Southeast Asian country’s transport ministry will submit a proposal to the Politburo, the powerful decision-making body of the ruling Communist Party of Vietnam, next month, according to a government news release.

Vietnam, a regional manufacturing hub, is increasing investment in transportation infrastructure to support its rapidly expanding 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.