Vietnam approves $67B high-speed railway project

National assembly approves investment policy for north-south high-speed railway project on Saturday

By Anadolu staff

Vietnam's parliament on Saturday approved the $67 billion high-speed railway project in the country, local media reported.

The National Assembly approved the investment policy for the North-South high-speed railway project which will be completed in 2035, according to VN Express.

The project feasibility study report to be prepared until the end of next year.

The total length of the railway project will be 1,541 kilometers (957.5 miles) passing through 20 province and cities, including the capital Hanoi, Ha Nam, Nam Dinh, Ninh Binh, Thanh Hoa, and Nghe An.

The parliament also allowed the prime minister to issue government bonds to supplement the annual budget and investment plan for the project.

The prime minister has also authorized to mobilize the official development capital and foreign preferential loans for the proposed project.

* Writing by Islamuddin Sajid.

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