North-South high speed rail project is estimated to cost VND1.713 trillion (US$67.34 billion), with funding sourced mainly from the central budget, government bonds, contributions from localities, and low-interest loans.
The Ministry of Transport proposes a design speed of 350 km/h, a total length of 1,541 km, twin tracks, a gauge of 1,435 mm.
Deputy Prime Minister Tran Hong Ha hosted leaders of the China Railway Construction Corporation (CRCC) and its subsidiary, the China Railway 16th Bureau Group Co., Ltd. (CRCC16), in Hanoi, expressing hopes for collaboration in railway construction. He emphasized Vietnam’s interest in leveraging CRCC’s expertise in state-owned enterprise development, technological advancements, and operational models to develop smart transportation infrastructure.
CRCC Chairman Dai He Gen highlighted the corporation’s readiness to partner with Vietnam Railways Corporation and Truong Son Construction Corporation, not only in railways but also in roads, subways, seaports, airports, and green energy projects. CRCC, ranked 42nd on the Fortune Global 500 list, has played a key role in building China’s high-speed railways and urban transit systems and is keen to transfer its technology and standards to Vietnam.
In Vietnam, CRCC has already contributed to railway signaling modernization and the planning of the Lao Cai-Hanoi-Hai Phong railway route. The Deputy PM sees these projects as foundations for future investment and collaboration.
