The Ministry of Transport has just issued a document responding to the contents that the State Appraisal Council requested clarification in the pre-feasibility report of the North-South high-speed railway project.
Preliminary determination of total investment for the North-South high-speed railway project is about 67.34 billion USD. Illustrative photo Al.
In which, there are contents that the Ministry of Transport explains to reserve the selected plan; there are contents that the Ministry accepts the Council's opinions and promises to update details during the feasibility report stage.
The consultant preparing the pre-feasibility study report has preliminarily determined the total investment for the North-South high-speed railway project to be about 67.34 billion USD (about 1,713 trillion VND).
In recent days, the Ministry of Transport and the State Appraisal Council have urgently compiled and agreed on the contents of the Pre-Feasibility Report and the Verification Report of the North-South high-speed railway project. It is expected that the Pre-Feasibility Report of the project will be submitted by the Government to the National Assembly at the 8th session taking place from tomorrow (October 21) to November 30.
Regarding the review of the high-speed railway route, the Ministry of Transport said that the route has been studied according to the principle of "straightest possible", and all curves have been audited to ensure safety and smoothness for passengers.
In addition, the route also meets 5 principles, including: In accordance with national and local planning; shortest route length between stations; meeting technical requirements, creating convenience for passengers; suitable for terrain; limiting passage through sensitive areas and relics; limiting the volume of land clearance; ensuring connectivity between the East-West corridor and railway lines connecting China, Laos, and Cambodia.
Accepting the proposal of Binh Thuan province, the Ministry of Transport agreed to move Muong Man station to a new location about 4km north of the old location (Phan Thiet station). In addition, in the Feasibility Report stage, the Ministry of Transport will consider potential station locations to assign localities to take the lead in calling for station investment under the PPP method.
Regarding the location of the cargo station in Hanoi area, accepting the proposal of Hanoi People's Committee, the Ministry of Transport will move the cargo station in Ngoc Hoi area to Thuong Tin.
In the Feasibility Report preparation step, the Ministry of Transport will direct the Consultant to continue to coordinate with localities to review and adjust the route direction and station locations (if any), especially locations with advantages in connecting with major traffic hubs and economic zones, including the section through Nam Dinh province.
Operate passenger trains 320km/h, freight trains 120km/h
In the Pre-Feasibility Report, the North-South high-speed railway has a design speed of 350km/h for passenger trains and 160km/h for freight trains.
According to the Ministry of Transport, experience in countries with newly put into operation railways shows that operating speed is about 90% of the design speed. Therefore, the ministry determined that in the first phase, the maximum operating speed of passenger trains is 320km/h, and freight trains is 120km/h.
During the operation, the increase in maximum operating speed will be summarized, evaluated and tested. Regarding station locations, the Ministry of Transport said that the entire North-South high-speed railway line will have 23 passenger stations and 5 freight stations.
The consultant uses curve radii and super elevation calculations according to European standards, thereby showing that the technical requirements of the route meet the conditions for safe exploitation. During the exploitation process, the increase of maximum exploitation speed will be summarized, evaluated and tested.
Receiving the opinions of the Appraisal Council, the Ministry of Transport will direct the Consultant to continue to make specific calculations to ensure operational safety in the feasibility report preparation step.
Regarding the requirement to carefully review the total investment, the Ministry of Transport has directed the Consultant to review and preliminarily update the total investment of the project based on the principles of correct calculation, completeness and compliance with legal regulations.
The Ministry of Transport said that the project will be implemented over 10 years, so the total preliminary investment may fluctuate due to objective factors (natural disasters, epidemics, environmental incidents, etc.) or subjective factors (changes in planning, policies, price indexes, slow site clearance implementation, insufficient capital allocation, etc.).
During the Feasibility Report preparation phase after the detailed design is available, the Ministry of Transport will continue to review and calculate the total project investment to ensure accuracy, completeness, and suitability with the technology and scale of the project investment.
Regarding investment capital arrangement, the Project Consultant proposes to use State budget capital in medium-term public investment periods. The investment period is 12 years, with an average of about 5.6 billion USD per year.
Identifying this as a project that needs the highest priority in terms of capital allocation, the Ministry of Transport said that in case of capital shortage, the Government will issue bonds or borrow ODA to compensate.
In addition, the profits from exploiting land funds in the vicinity of high-speed railway stations (TOD model) of localities will contribute 50% to the central budget to balance the state budget invested in the project (estimated at about 8.5 billion USD compared to the site clearance cost of about 6.5 billion USD).
Iconic works in the era of national development
At the national conference to disseminate and implement the resolution of the 10th Central Conference of the 13th tenure, organized by the Politburo and the Secretariat on October 20, Prime Minister Pham Minh Chinh directly delivered a speech on the policy of investing in high-speed railways on the North-South axis.
According to the Prime Minister, the policy of investing in the North-South high-speed railway is an objective requirement, a strategic choice to develop the country’s infrastructure. At the same time, it creates new development space, increases land value, facilitates travel for people, and competes for goods…
Prime Minister Pham Minh Chinh stated that in the past, we were still facing difficulties, with GDP per capita just over 1,000 USD and GDP over 100 billion USD, so we were not able to invest in the North-South high-speed railway.
Up to now, Vietnam's GDP has increased 3-4 times and there is room to invest in the North-South high-speed railway.
“Where are the resources? The resources include central resources, local resources, borrowed resources, bond issuance resources, and public-private partnership resources. There are many, diversified resources to do and we have enough conditions to do it,” the Prime Minister stated, emphasizing the need for determination.
Prime Minister Pham Minh Chinh cited that the world is developing very quickly and China currently has 47,000km of high-speed railway, each year they develop 3,000km of highway. With the North-South high-speed railway project proposed to take 10 years and must be completed by 2035.
Prime Minister Pham Minh Chinh also pointed out that if the old way of doing things continues, "to be honest, it will take another 50 years", there must be a new way of doing things, innovation in governance, management, resource mobilization, especially consulting, fighting negativity, corruption, and waste.
"We need to have a new way of doing things to ensure this," he added, hoping for support because this is one of the "symbolic projects in the country's rising era."
The Prime Minister informed that the current focus is on building the connecting routes with China, including the Lao Cai – Hanoi – Hai Phong route. He emphasized the view that “railways must be modern” and cannot be unmodern.
Regarding the socio-economic development strategy for 2026-2030, the Prime Minister said that the Party Central Committee basically agrees with the general goals.
By 2030, Vietnam strives to be a developing country with modern industry, high average income, and among the top 30 economies in terms of GDP in the world.
Create a solid foundation to turn our country into a developed, high-income, rich, prosperous, civilized, and happy country by 2045...
The 2026-2030 socio-economic development strategy also sets out key economic targets: an average GDP growth rate of 7.5 - 8.5% per year; GDP per capita by 2030 reaching 7,400 - 7,600 USD...
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