Thus, by 2030, the railway industry will welcome 9 new lines with a total length of 2,362 km. Among them, the North-South high-speed rail project is attracting the most interest from both the government and the community.
From 2005 and after mature reflection and collection of expert opinions, this project is the subject of new investment policies drawn up by the Ministry of Transport. These policies will be submitted to the Politburo for approval in September, followed by a report to the National Assembly to be launched during the period 2021-2026. After that it will be time to write a feasibility report, review the design and clear the land. In 2028-2029, it is expected that a certain number of tender documents for the Hanoi – Vinh and HCMC – Nha Trang routes can begin.
The two railway construction projects of Bien Hoa – Vung Tau and Thu Thiem – Long Thanh also started after the consensus on the investment methods of the relevant state agencies and people’s committees of HCMC, Dong Nai, Binh Duong and Ba Ria. – Vung Tau. Both follow the public-private partnership model, attracting investments of VND50.822 billion ($2.17 billion) and VND40.566 billion ($1.73 billion) respectively. The railway project management committee is responsible for organizing a bidding session to select a suitable consulting unit to develop a pre-feasibility report for the two projects by this third quarter.
Regarding the HCMC – Can Tho railway, the Ministry of Transport is currently working with the localities concerned to choose the optimal route and the method of investment, which will be completed this year to be submitted for the approval of the National Assembly, then comes the time to attract investment in 2024 and launch construction in 2025 or 2026.
The People’s Committee of Binh Duong Province announced yesterday that it is proposing an extension of the Ben Thanh-Suoi Tien railway line to the new city center of Binh Duong province. The first stage of this 1.8 kilometer railway line project will use ODA capital. The second with a length of more than 25 km between Di Anh city and the new city center is considered a strategic road to stimulate the socio-economic growth of the province and promote regional connectivity.
Transport Minister Nguyen Van The said the new railway projects will improve Vietnam’s railway industry while becoming a new driving force for the growth of regional transport, the change in the structure of transport components and the measure of reducing logistics costs in the country, especially the South.
However, there are still obstacles to overcome. The first would be problems in the clearing task, since local planning elements are now in conflict with each other and with railway planning. Construction projects in the rail corridor are still approved, leading to an increase in the amount of land compensation. This requires closer collaboration between relevant ministries, state agencies and local authorities to observe railway planning when approving land use plans and managing land resources.
The most difficult obstacle seems to be the search for investments. It is estimated that the demand for capital for these railway projects reaches VND 240 trillion ($10.25 billion), coming from both the national budget and other legal sources. The state budget will mainly be used for direct train structures, while other parts like stations and parking areas should use other sources of investment.
The railway network planning for 2021-2030, with a vision to 2050, stipulates that the people’s committees of relevant provinces and cities should actively seek legal investment sources for the connection of their local railways from ports, economic zones or tourist attractions. to the National Railway.
Therefore, in the coming times, the government will on the one hand introduce a mechanism to encourage organizations and individuals both inside and outside the country to invest in the construction of railways. , and on the other hand a mechanism to better exploit land resources around railway stations.
In 2018, the Vietnamese railway network consisted of 7 major axes with a total length of nearly 3,160 km. the track gauge of 1000 mm accounted for 84% and the track gauge of 1435 mm 6%. Rail transport’s market share took less than 1 percent.
It is planned that in 2030, 9 new railway lines will be completed, all of them with a gauge of 1,435 mm. Cargo and passenger transport volumes are expected to reach 11.8 million tons and 460 million people, accounting for 0.27% and 4.4% of the market share respectively.