Resolution on investment policy for the North-South high-speed railway project

Resolution No. 172/2024/QH15 clearly states that the goal of building a modern and synchronous high-speed railway line is to meet transportation needs, create an important driving force for rapid and sustainable socio-economic development, promote advantages on the North-South economic corridor, ensure effective connection of East-West corridors and countries in the region, associated with ensuring national defense, security and international integration, environmental protection, response to climate change, promoting the process of industrialization and modernization of the country, contributing to realizing the goals and tasks according to the Documents of the 13th National Congress of Delegates and Resolutions of the Party.

The project has a total route length of about 1,541 km; starting point at Ngoc Hoi station (Hanoi capital), ending point at Thu Thiem station (Ho Chi Minh City), passing through 20 provinces and centrally-run cities.

Scale: new investment in the entire double-track line with a gauge of 1,435 mm, design speed of 350 km/h, load capacity of 22.5 tons/axle; 23 passenger stations, 5 freight stations; vehicles, equipment; high-speed railway for transporting passengers, meeting dual-use requirements for national defense and security, and can transport goods when necessary.

Preliminary total land use demand of the project is about 10,827 hectares; preliminary resettled population is about 120,836 people.

The preliminary total investment of the project is 1,713,548 billion VND.

State budget capital allocated in medium-term public investment plans and other legal capital sources.

Implementation progress: prepare feasibility study report from 2025, strive to basically complete the project by 2035.

The Government is responsible to the National Assembly for organizing the implementation and management of project investment in accordance with this Resolution and relevant legal provisions; ensuring that the project is on schedule and of good quality; managing and using capital and resources economically and effectively, preventing corruption, waste and negativity; providing full information so that people understand and agree on the project investment policy; directing the organization of management, operation, exploitation and maintenance to ensure safety and efficiency.

During the operation and exploitation process, based on proposals from localities, the Prime Minister decided to invest in additional stations in urban areas with high transportation demand.

Localities and Vietnam Electricity Group are responsible to the Government for ensuring the progress and quality of compensation, support, resettlement and sub-projects assigned for implementation. Organize and strengthen specialized project management boards to ensure sufficient capacity to carry out project investment management.

Vietnam Railway Corporation takes over management, maintenance of infrastructure and organizes operation and exploitation; mobilizes other enterprises to invest in vehicles; continues to restructure, build a model of management, maintenance of infrastructure to ensure unity, modernity and efficiency; participates in the development of the railway industry.