The Vietnamese government announced on Sunday that it is considering the prospect of creating a high-speed railway that would span the entire country at a potential cost of up to $58.7 billion US dollars (Aug 14).
According to a press statement released by the Vietnamese government, the transport ministry of the Southeast Asian nation will propose a proposal to construct the 1,545-kilometer railway to the Politburo of the ruling Communist Party of Vietnam the following month.
Vietnam is boosting its investment in the country's transportation infrastructure in order to support the rapid growth of its economy. Vietnam is an industrial powerhouse in the region.
The government estimates that the first two sections, with a total length of 665 kilometers and a total cost of $24.72 billion, will be open to traffic by 2032. They estimate that the entire project will be completed between 2045 and 2050.