Vietnam approves additional US$3 billion spending for China rail link
The railway will run from the northern province of Lao Cai bordering China through the capital Hanoi to the major port city of Haiphong.
Vietnam's National Assembly has endorsed adjustments to a railway project connecting the country with China, necessitating an extra US$3 billion in estimated expenditure. The updated route will stretch 426 km (264.7 miles), up from the previous plan's 391 km. The core line and its branches will traverse from Lao Cai, a northern province bordering China, through Hanoi, the capital, to Haiphong, a significant port city.
The total cost of the project, initially estimated at 203 trillion dong ($11.1 billion), has been revised upwards to 289 trillion dong. This railway will not only link the northern and eastern regions but also pass through other provinces such as Phu Tho, Bac Ninh, and Hung Yen, which are home to several industrial parks. The trains on this system are designed to reach speeds of up to 120 kph (75 mph).
Construction of this rail link is slated to be finalized by the end of 2030. Vietnam had previously announced its intention to seek financial assistance from China for this endeavor. This railway is one of three envisaged rail connections between Vietnam and China.
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- Vietnam approves additional US$3 billion spending for China rail link freemalaysiatoday.com
