Vietnam has approved an $8 billion railway project linking its transport system with China. The initiative will strengthen trade, enhance connectivity, and modernize the country’s infrastructure. This was reported by the railway transport news portal Railway Supply.

Vietnam has approved an $8 billion railway project linking its transport system with China. The initiative will strengthen trade, enhance connectivity, and modernize the country’s infrastructure.
The project aims to establish a synchronised railway line to facilitate both domestic and international transport needs. Credit: RachenStocker/Shutterstock.

Vietnam’s Railway Project Gains Government Approval

Lawmakers passed the investment policy for the Lao Cai – Hanoi – Hai Phong railway during a special parliamentary session. This decision marks a significant milestone in the country’s efforts to modernize infrastructure.

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The railway aims to enhance both domestic and international connectivity, promoting economic growth. Authorities emphasize its role in fostering industrial development along the key corridor.

Vietnam’s strategic plan focuses on industrialization, modernization, and sustainability, aligning with its long-term economic vision. The railway’s integration with national and global networks strengthens trade links.

Vietnam’s Infrastructure Investment and Economic Growth

The infrastructure includes a single-track, 1,435mm gauge railway with speeds reaching 160 km/h. It accommodates both freight and passenger services, ensuring efficient transportation.

Stretching across nine provinces, the route passes through Hanoi, Yen Bai, Phu Tho, and several others. Authorities highlight its importance for economic expansion and national security.

Vietnam plans to finance the project through public investment, ensuring safety with modern electrification. The government’s strategy prioritizes efficiency while incorporating cutting-edge rail technology.

Officials intend to accelerate implementation by applying special policies and mechanisms. To streamline procedures, they have exempted the project from certain financial assessments.

The country is collaborating with China to utilize its expertise in railway technology. This cooperation is expected to enhance the project’s efficiency and technological advancement.

Source: www.railway-technology.com

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