(VOVWORLD) - The Vietnamese Government has initiated plans to begin construction of a North-South high-speed rail route by 2030 and put it into operation by 2045.
 Vietnam is expected to begin construction of a North-South high-speed railway route by 2030 and put it into operation by 2045. |
This goal has been set by the Government in an action plan on orientations for the country’s rail service development to 2030 with a vision ahead towards 2045, which was issued on Tuesday.
The Government has assigned the Ministry of Transport (MoT) to draft the project this year which will be submitted to the National Assembly for consideration and approval by 2025.
It has assigned the Ministry of Planning and Investment (MPI) to priorities allocating capital for rail infrastructure projects, including the high-speed route, between 2025 and 2045.
The MPI is asked to review and amend the Investment Law to attract further investment in this key project by encouraging public-private partnerships.