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Vietnam discusses construction of US$67.3 billion high-speed railway with China’s biggest contractor
30 October 2024
Delegates at the discussions between the Committee for Management of State Capital and CSCEC (Image: CMSC)
Representatives of Vietnam’s government have discussed the construction of a US$67.3 billion high-speed railway at a meeting with China’s biggest construction company, China State Construction (CSCEC).
Vietnam’s Politburo and the Party Central Committee have agreed to invest in a double-track high-speed line running from north to south through the country through 20 provinces and cities.
The 1,435mm-gauge line will feature 23 passenger stations, five freight stations.
Vice chairman of Vietnam’s State Capital Management Committee Nguyen Ngoc Canh said that he looked forward to cooperating with CSCEC on key projects.
“This is a particularly important project for the country’s development, contributing to raising the country’s position and foundation in the new era, so it requires the ministries and branches to be highly determined, make great efforts, and take drastic actions to implement it,” he said.
General director of CSCEC’s international project management department said that CSCEC has a long history of operating in Vietnam and wished to participate in key projects.
The two sides said they wanted to strengthen hard connections (railways and roads), and soft connections (policies and customs procedures) between the two countries.
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