Deputy Prime Minister Tran Hong Ha has asked the Ministry of Transport (MoT) to continue comprehensively evaluating the feasibility, technology, capital mobilization plans and economic efficiency of the projected North-South high-speed railway to choose the optimal scenario.

At a recent meeting of the steering committee for the project, Deputy PM Ha also instructed the MoT to take into consideration technology, safety criteria and speed limit.

It is also necessary to continue consulting with domestic and foreign technical and economic experts about the project, he said.

He noted that investing in building the high-speed railway has a very important meaning in socio-economic development, helping to reduce logistics costs, enhancing competitiveness and improving the efficiency of the economy.

The North-South high-speed railway will stretch 1,545 km and have a speed limit of about 320 kph, with total investment capital estimated at some $58.71 billion.