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 approved an additional US$3 billion in estimated spending for a railway link to China, raising the total cost to 289 trillion dong ($11.1 billion). The railway, which will run for 426 km (264.7 miles) from the northern province of Lao Cai, bordering China, through Hanoi to Haiphong, will be 5 km longer than the previous plan.
The system, capable of operating at speeds up to 120 kph (75 mph), will pass through other provinces including Phu Tho, Bac Ninh, and Hung Yen, which host several industrial parks. The government plans to complete the construction by the end of 2030. Vietnam has previously sought loans from China for the project, which is one of three planned rail lines connecting Vietnam with China.
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- Vietnam approves additional US$3 billion spending for China rail link freemalaysiatoday.com
