Regarding the total investment of 58.7 billion USD, the high-speed railway is difficult to ensure financial viability, which is a huge burden on the economy.
The tentative total investment for the North-South high-speed railway, according to the Ministry of Planning and Investment (MPI), is about 26 billion USD, 32.7 billion USD less than the previous proposal by the Ministry of Transport (MoT).
Thailand plans to revive a railway line that has been disused for more than 20 years between it and Malaysia to increase connectivity between the two countries.
Thailand, Laos and China have signed a Memorandum of Cooperation (MoC) on the development of a rail line connecting Thailand’s Nong Khai province with Laos’s Vientiane capital city.
A leader of the Vietnam Railway (VNR) Corporation said no countries in the world can complete a national express railway system within a few years because that work needs at least about 20 years.
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 amendments to the Law on Enterprise and Law on Investment must include stronger solutions to thoroughly and comprehensively reform State-owned enterprises (SOEs) and enhance their efficiency, according to the Vietnam Association of Financial Investors (VAFI).
Minister of Transport Nguyen Van The has submitted a pre-feasibility study report for a North-South high speed railway project to Prime Minister Nguyen Xuan Phuc.
A high-speed rail route between HCM City and Can Tho will help smoothen passenger and cargo transport in the Mekong Delta, transportation experts have said.
The Ministry of Transport (MoT) put into operation 13 works and projects in the first nine months of this year, including major ones such as Cao Lanh Bridge and Da Nang-Quang Ngai Expressway.
The new north-south high-speed railway connecting Hanoi and Ho Chi Minh City over a distance of 1.545km is expected to run mainly on elevated sections and below ground to avoid creating more level crossings.
Enhancing safety and capacity are the top priorities for the railway sector as it receives a much-needed package of 7 trillion VND (around 308 million USD) from the State budget.
The State Railway of Thailand (SRT) is worried that the planned Shinkansen-style Thai-Japanese high-speed railway from Bangkok to Chiang Mai province will run at a loss when it opens, citing a 66 percent drop in the predicted number of daily passengers.
Malaysian Prime Minister Mahathir Mohamad said the Klang Valley mass rapid transit line 3 (MRT 3 or Circle Line) project which costs between 40 billion RM and 45 billion RM, will not proceed, according to The Star.
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.
Thailand and China on December 21 kicked off the construction of a high-speed railway project’s first route from Bangkok to Thailand’s northeastern province of Nakhon Ratchasima.
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