VinSpeed High-Speed Rail Investment and Development JSC on May 14 has registered to invest in the North–South high-speed railway project.

Under the company’s proposal, total investment capital of the project is estimated at VND1.562 quadrillion ($61.35 billion), excluding costs related to compensation, relocation support, and resettlement for land clearance.

VinSpeed commits to mobilizing 20% of the total investment capital, equivalent to VND312 trillion ($12.27 billion). For the remaining 80%, the company proposed borrowing from the state budget, through zero-interest loans, repayable over a 35-year period from the disbursement date.

Construction is expected to start in 2025 and complete by 2030.

The North-South high-speed railway project was approved by the National Assembly last November with estimated investment capital of VND1.7 quadrillion ($67 billion). It has a total length of 1,541 km and runs across 20 provinces and city, stretching from Ngoc Hoi station in Hanoi to Thu Thiem station in Ho Chi Minh City.