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Tony Milton MRICS

BSc (Hons) Est Man
MRICS
APREA (CREIF)

Hanoi-HCMC express railway $55.8bn 1,570km 6.5hr progressing – March 2010
Friday, 09 April 2010

Vietnam would need $55.8 billion for setting up the express railway.

The first ever express rail service linking Hanoi and Ho Chi Minh City will get on track by 2012 at the latest. According to experts, if Viet­nam begins the project in 2012, the first two sections linking Hanoi and Vinh, and Ho Chi Minh City and Nha Trang would be put into operation in 2020 with the estimated capacity at that time would be 48,000 passengers per day. At a recent government meet­ing in Hanoi, government mem­bers discussed the investment plan for the route, which was initially submitted by investor Vietnam Railways and consultants. Prime Minister Nguyen Tan Dung asked the ministries of Plan­ning and Investment, Transport, Vietnam Railways and other con­sultants to contribute opinions on the matter and to adjust and com­plete the plan before submitting it to the Politburo, the Party Central Committee and finally to the National Assembly for considera­tion in May. Dung noted that related bodies must be clear on the project's socio-economic results and to cre­ate a good database for donors and investors to take part in the pro­ject. According to the draft plan, Vietnam would need $55.8 billion for setting up the express railway. Vietnam Railways general director Nguyen Hun Bang said the capital would be mobilised from various sources, including official development assistance (ODA) or ordinary capital resources, the state budget, land auctions and from the private sec­tor. Bang further stressed that ordi­nary capital resources could be from Japan, South Korea, the World Bank and the Asian Development Bank. Bang said that the ODA and the state budget could meet 80 per cent of the total and the rest would be mobilised from other sectors. The express railway will be 1,570 kilometres long with 27 sta­tions. The trains' top speed will be 350 kilometres per hour and will reduce travel time to 5.5-6.5 hours, compared to the current 29 to 36 hours. Nearly 9,500 households and 4,170 hectares will be cleared for its construction and the entire sys­tem is scheduled to be completed by 2035. The existing line has 18 sets of trains with a maximum capacity of 5,400 passengers per day. VIR
 
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