| 24 February 2024, Saturday |

Vietnam considers $58.7 billion high-speed railway

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

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

Vietnam, a regional industrial powerhouse, is increasing investment in transportation infrastructure to support its rapidly expanding economy.

The first two sections, totaling 665 kilometers (413 miles) and a total investment of $24.72 billion, will be available to traffic by 2032, according to the government, with the full project expected to be finished by 2045-2050.

  • Reuters