National Assembly Chairman Tran Thanh Man signed and issued Resolution No. 172/2024/QH15 on investment policy for the high-speed railway project on the North-South axis.
The resolution clearly states that the goal of building a modern and synchronous high-speed railway is to meet transportation needs, create an important driving force for rapid and sustainable socio-economic development, promote advantages on the North-South economic corridor, and ensure effective connection between the East-West corridors and countries in the region.
At the same time, it is associated with ensuring national defense, security and international integration, protecting the environment, responding to climate change, promoting the process of industrialization and modernization of the country, contributing to realizing the goals and tasks according to the documents of the 13th National Congress of Delegates and the resolutions of the Party.
The preliminary total investment of the North-South high-speed railway project is more than 1.7 million billion VND.
The project has a total route length of about 1,541 km; starting point at Ngoc Hoi station (Hanoi capital), ending point at Thu Thiem station (HCMC), passing through 20 provinces and centrally-run cities.
The scale of new investment for the entire double-track line is 1,435 mm gauge, designed speed is 350 km/h, load capacity is 22.5 tons/axle; 23 passenger stations, 5 freight stations; vehicles, equipment; high-speed railway for passenger transport, meeting dual-use requirements for national defense and security, and can transport goods when necessary.
The total land use demand of the project is approximately 10,827 hectares; the resettled population is approximately 120,836 people; the total investment of the project is more than 1.7 million billion VND, from the state budget allocated in the medium-term public investment plan and other legal capital sources.
Implementation progress: prepare feasibility study report from 2025, strive to basically complete the Project by 2035.
The Government is responsible to the National Assembly for organizing the implementation and management of project investment in accordance with this resolution and relevant legal provisions; ensuring the project is on schedule and of good quality; managing and using capital and resources economically and effectively, preventing corruption, waste and negativity; providing full information so that people understand and agree on the project investment policy; directing the organization of management, operation, exploitation and maintenance to ensure safety and efficiency.
During the operation and exploitation process, based on proposals from localities, the Prime Minister decided to invest in additional stations in urban areas with high transportation demand.
Localities and Vietnam Electricity Group are responsible to the Government for ensuring the progress and quality of compensation, support, resettlement and sub-projects assigned for implementation. Organize and strengthen specialized project management boards to ensure sufficient capacity to carry out project investment management.
Vietnam Railway Corporation takes over management, maintenance of infrastructure and organizes operation and exploitation; mobilizes other enterprises to invest in vehicles; continues to restructure, build a model of management, maintenance of infrastructure to ensure unity, modernity and efficiency; participates in the development of the railway industry.
Source: https://www.baogiaothong.vn/ban-hanh-nghi-quyet-ve-chu-truong-dau-tu-du-an-duong-sat-toc-do-cao-bac-nam-192241218225752258.htm
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