The Vietnamese Government on November 27 held a meeting with businesses who are interested in the projected North-South high-speed railway to discuss the orientation and investment plan for the project.
The project is being considered under three investment methods: public investment, public-private partnership (PPP), and private investment. The goal is to select the most optimal method that ensures the highest efficiency and national benefit.
Chairing the meeting, Deputy PM Nguyen Hoa Binh emphasized the importance of accurately assessing the capabilities and intentions of investors.
During the meeting, businesses presented their ideas, financial plans, technology, and forms of participation in the project.
The projected double-track railway is planned to span approximately 1,541 km from Hanoi to Ho Chi Minh City, with a design speed of 350 km/h and an axle load of 22.5 tons.
The project was approved by the National Assembly last November with estimated investment capital of VND1.7 quadrillion ($67 billion).
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