07/10/2025
8.3 billion usd in Lao Cai - Ha Noi - Hai Phong Railway to be invested
On September 29, Prime Minister Pham Minh Chinh chaired a meeting of
the Government Standing Committee to listen to the report on the results of the
first meeting of the Viet Nam - China Joint Railway Cooperation Committee and
review the progress so as to promote the implementation of the Lao Cai - Hanoi -
Hai Phong railway project according to the set requirements.
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According to the Resolution of the National Assembly, the Lao Cai - Ha Noi - Hai Phong railway project reaches about 419 km long with a total capital of 203,231 billion VND,
equivalent to 8.37 billion USD. The project will start in 2025 and expected to be
completed in 2030. The Prime Minister requested the Ministry of Science and
Technology and the Ministry of Construction to urgently implement and announce
the standards and regulations of high-speed railways and Lao Cai - Hanoi - Hai
Phong railway in accordance with the process, procedures, authority and
provisions of law and international regulations. It’s scheduled to be completed in
October 2025.
The Ministry of Finance needs to preside with relevant agencies to review
and calculate capital allocation plan, in which Viet Nam capital sources will be
proactively used. It needs the most effective loan plan. The Ministry of Finance
will also continue to work specifically with the Asian Infrastructure Investment
Bank on the possibility of borrowing capital for the project; report to the
Government Standing Committee in October. The Ministry of Construction and
relevant agencies will develop a master plan on the critical path, site clearance and
component projects. In particular, for component project 1 (investment in
infrastructure connecting stations on the route and station square, using domestic
capital), the Prime Minister requested to complete necessary tasks to start the
project in 2025.
