With an estimated length of over 1,500km, the new railway will run through 20 provinces and cities. Nearly 60% of the route will pass through viaducts and tunnels.
The Vietnam Railways Corporation has proposed the Ministry of Transport build a separate track to the current railway from Hanoi to Ho Chi Minh City, to meet increasing demand for transport.
As Vietnam works to improve its transport infrastructure, the country has been mulling measures to attract investors to large public-private partnership (PPP) transport infrastructure projects.
Deputy Prime Minister Trinh Dinh Dung has ordered the Ministry of Transport and Communication to conduct the pre-feasibility study report of the North-South high-speed railway project in order to submit to the National assembly.
Weaknesses of the railway sector and orientations for its development were mentioned by National Assembly (NA) deputies while grilling Minister of Transport Nguyen Van The on June 4.
Chairwoman of the National Assembly Nguyen Thi Kim Ngan has asked the Transport Ministry to use investments sourced from the State budget and mid-term government bonds effectively and in line with law.