Completion of the pre-feasibility study report for the North-South high-speed railway project
- 8
- Business
- 10:00 03/10/2024
DNHN - The 350km/h North-South high-speed railway project is urgently finalizing its pre-feasibility study report. The goal is to present it to the National Assembly for review.
In the context of rapid economic development, the construction of a modern transportation system is extremely necessary. The North-South high-speed railway project is not just a simple transportation project but also a symbol of the country’s development and modernization. Completing the assessment by October 5 will be a significant step for the National Assembly to consider approving the investment policy. This reflects the government's determination to promote major transportation projects, thereby enhancing transportation capacity and regional connectivity.
Deputy Prime Minister Trần Hồng Hà has just requested that the Ministry of Transport (MoT) fully compile the opinions from a recent meeting to urgently finalize the pre-feasibility study report. This dossier must maximize the content from the proposal already submitted to the Politburo and the Central Executive Committee of the Party. This not only ensures legal compliance but also reflects a high level of consensus among ministries, sectors, and especially the business community.
Additionally, the MoT needs to clarify the reason for selecting a design speed of 350 km/h for the project. This is a key issue, not only affecting operational efficiency but also relating to technology and investment. Choosing this speed also means building a modern railway system that meets future development needs.
The Deputy Prime Minister emphasized that the main goal of this project is passenger transport while also meeting dual-use needs for defense and security. This means that the train operation will be flexible, able to transport goods when necessary, but must ensure efficiency and safety.
The project will not only help reduce the load on existing transportation modes but also open new opportunities for the railway sector. The high-speed train will create an intelligent transportation network, quickly and efficiently connecting major cities, thereby promoting socio-economic development in various regions.
One of the important factors directed by the Deputy Prime Minister is that the development of high-speed rail must ensure consistency and synchronization with other transportation modes such as road, waterway, and air transport. This will create a comprehensive transportation system, optimizing travel and minimizing time and costs for both the public and businesses.
The government has also assigned the Ministry of Construction to study a proposal for developing the railway construction industry in Vietnam, selecting state-owned or private enterprises to participate. This is a great opportunity to attract investment capital and technology from both domestic and foreign investors, contributing to improving the quality and efficiency of the project.
Investment in technology and infrastructure is essential to enhance the competitiveness of Vietnam's railway industry. The Deputy Prime Minister requested that the Ministry of Industry and Trade provide feedback in the pre-feasibility study report and study the development proposal for industries related to mechanics and manufacturing for the railway sector.
In particular, capable enterprises in this field will be encouraged to participate in order to jointly develop and master technology, thereby creating high-quality products that meet domestic and international demand.
To submit the investment policy for approval by the National Assembly, the MoT needs to urgently finalize the dossier and submit it to the Ministry of Planning and Investment. The Deputy Prime Minister has directed relevant ministries to closely coordinate in reviewing the scientific and practical bases to ensure the feasibility and effectiveness of the project.
This coordination not only demonstrates the government's determination but also contributes to enhancing the credibility and trust of the people in the country’s major projects. After receiving the evaluation report from the Ministry of Planning and Investment, the Government Office will immediately send it to Government members for opinions, ensuring that the assessment process is carried out quickly and efficiently.
The North-South high-speed railway project is not just a transportation project but also a symbol of Vietnam's development and integration in the context of globalization. It will not only reduce the load on the current transportation system but also open a new future where travel becomes faster, safer, and more convenient than ever.
When this project is successfully implemented, it will certainly create millions of job opportunities, promote economic development in various regions, and improve the quality of life for the people. At the same time, it will make an important contribution to achieving the country's sustainable development goals.
With the specific requirements and directives from Deputy Prime Minister Trần Hồng Hà, it is hoped that the North-South high-speed railway project will be completed and submitted to the National Assembly for consideration on time. This is not only the responsibility of the relevant agencies but also the expectation of the entire society for a modern transportation system, serving the country's future development. The unity of all levels of government, businesses, and the people will be the driving force pushing this project towards success, bringing practical benefits to the entire economy and community.
P. Chinh
Related news
#Transport
Sun Group proposed to build a 100 km long light rail line from Saigon to Tây Ninh
Sun Group has submitted its recommendations to the People's Committee of Ho Chi Minh City regarding the draft plan for adjusting the general planning of Ho Chi Minh City up to 2040, with a vision extending to 2060.
Avoiding cost overruns in the implementation of North-South high-speed railway
The North-South High-Speed Railway project is gaining significant attention from both the Government and the public, with promises to improve transport infrastructure and foster economic development.
When will urban railways in Vietnam truly accelerate?
Although the Cát Linh-Hà Đông line has been operational, many urban railway projects are still facing difficulties in terms of progress and financing. To achieve a breakthrough in development, close coordination is needed.
VinFast announces establishment of dealer advisory board in the US
The Advisory Board will play a crucial role as a bridge between VinFast Auto and its expanding network of 25 dealerships.
High-speed railway North-South: A breakthrough in Vietnam's transportation system
The implementation of the high-speed North-South railway project not only marks a strong development of the domestic railway system but also brings significant benefits to the country.
Transport firms up charges amid mounting fuel prices
About 80-90 percent of fixed-route transport firms have adjusted their fares up by 10-15 percent to offset mounting fuel costs, according to a Ministry of Transport (MoT) report submitted to the Prime Minister, assessing the impact of higher fuel prices.
Đọc thêm Business
QuickPack Group (Germany) invests Eur30 million in Dong Tam Group'S Southeast ASIA Long An Industrial Park in Long An (Vietnam)
On November 18, 2024, in Cologne, Germany, Dong Tam Group (Vietnam) officially signed a Memorandum of Understanding (MOU) for an investment cooperation with QuickPack Group (Germany).
Gold peaks, stocks languish: Experts identify opportunities for investors
Gold prices have peaked due to political and monetary factors, but face the risk of adjustment. Stocks remain difficult to recover due to weak liquidity and ongoing foreign net sales.
General Secretary Tô Lâm sounded the alarm on preventing and combating waste
General Secretary Tô Lâm has addressed visible waste and identified invisible forms of waste, delivering a powerful message with profound awakening implications...
Electricity price hike and the long-term energy dilemma
With EVN's third price hike since 2023, rising electricity costs burden households and industries. Experts warn that sustained losses threaten future power projects, urging reforms to boost investment and ensure energy security.
Vietnam stands poised to seize opportunities in the semiconductor industry
In the context of a rapidly evolving global economy driven by digitalization, the semiconductor industry has emerged as a key strategic pillar.
Pilot project for commercial housing to expand land use rights
The National Assembly Standing Committee has submitted a pilot project on commercial housing through land use rights agreements for National Assembly consideration, aiming to unlock resources.
The National Assembly supports strong decentralization in public investment
The National Assembly has approved a policy of decentralization in public investment management, demonstrating a commitment to economic development and creating opportunities for local governments to mobilize resources.
Assoc. Prof. Dr. Tran Kim Chung: The 1987 Land Law laid the foundation for the real estate market
Assoc. Prof. Dr. Tran Kim Chung, former Deputy Director of the Central Institute for Economic Management, states that the 1987 Land Law laid the groundwork for the development of the real estate market.
Bank interest rates on 31st October: Major players compete fiercely
Bank interest rates have been highly volatile, with one bank making its second rate adjustment in the month as of October 31, 2024, underscoring the competitive landscape.
Amendment of the PPP Law: A new direction to unlock investment resources
To address obstacles in investment through the PPP model, the Ministry of Planning and Investment has submitted a proposal to amend the PPP Law, creating a more favorable legal framework for investors.