The Vietnamese Parliament approved, on Saturday, November 30, a high-speed rail line project between Hanoi, the capital, and Ho Chi Minh, valued at 63 billion euros.
“The National Assembly voted in favor of approving (…) of the high-speed train line project on the North-South axis »he said in a press release.
This new line of more than 1,500 kilometers between the capital, in the North, and the economic heart of the country, in the South, will reduce travel time from thirty to five hours.
Deputy Minister of Planning and Investment Tran Quoc Phuong called the hotline “discovery” for Vietnamese infrastructure, estimating that it would increase the country’s GDP by 0.97% annually, on average. “It is the desire of the population and the will of the political system to have a high-speed line of international standard”he said before the project was approved.
The new line, which will have 23 stations in 20 different cities and provinces, will be built in just eight years, between 2027 and 2035.
