Chủ đề: railway infrastructure

The budget for railway infrastructure investment in the 2021-2025 period meets just 5.8 per cent of needs. The Vietnam Railways Department has therefore proposed decentralizing power to 26 local People’s Committees regarding site clearance compensation, calling for investment, and exploiting land at train stations.

According to the Ministry of Transport (MoT), more than VND14 trillion ($611.9 million) is expected to be allocated from the State budget for investment in railway infrastructure in the 2021-2025 period, meeting 5.8 per cent of demand over the next ten years. More than VND227 trillion ($9.9 billion) will be needed for railway infrastructure in the 2026-2030 period, or 16 times higher than in 2021-2025.

Funds of VND240 trillion ($10.54 billion) are needed to develop railway infrastructure over the next decade, and construction of the first two sections of the North-South high-speed railway will start in 2028, the Ministry of Transport has said. It will also prioritize investment in railways connecting Vietnam with China, to facilitate exports to Europe.