Deputy Prime Minister Trinh Dinh Dung has ordered relevant ministries to allocate sufficient funding for the appraisal of the pre-feasibility study of the North-South high-speed railway project.
The Ministry of Transport was tasked to promptly work with the Ministry of Planning and Investment and the Ministry of Finance to provide adequate funding for the assessment of the study in accordance with regulations.
The study is being assessed by a state appraisal council exclusively set up for the project last year.
The Ministry of Transport’s Party Civil Affairs Committee was requested to set a timeline for the submission of a plan on construction of the North-South high-speed railway to the Politburo, which should be reported to the Prime Minister before June 10.
The railway is designed to have a total length of about 1,560 km, running along the North-South corridor through 20 cities and provinces to connect Hanoi and Ho Chi Minh City.
Of the total, the 14-km section in Hanoi shares the infrastructure with the Hanoi urban railway No.1 (from Hanoi station to Ngoc Hoi station), and the remaining connects Ngoc Hoi station to Thu Thiem station, with 27 stations, five depots, and 42 infrastructure maintenance facilities.
It is designed for passenger trains to run with a maximum speed of 350km per hour.
The first phase of the project has a total investment of 561.6 trillion VND (about 24.71 billion USD), while the second costs 772.6 trillion VND.
The whole project is scheduled to be completed in 2050.