Vietnam is planning to secure loans from the Chinese government to finance a significant portion of an $8.3 billion project aimed at constructing a new railway connecting the two nations. This initiative underscores Vietnam's commitment to modernizing its aging railway infrastructure and strengthening its ties with China. The proposed 391 km railway line will traverse from Lao Cai on the Vietnamese-Chinese border through Hanoi, the capital city, to Haiphong, a crucial port in northern Vietnam.
A vendor walks along a railway track as she sells cakes for tourists outside cafes in Hanoi, Vietnam Oct 8, 2019. HANOI — Vietnam plans to take loans from the Chinese government to partly fund an $8.3 billion project to build a new railway linking the two countries, the transport minister said on Thursday (Feb 13). Vietnam has been seeking to upgrade its ageing railway systems, and has approached China for funding and technology.
'Vietnam's current railway system is outdated, and the country needs a new system to support its economic development,' transport minister Nguyen Hong Minh told parliament. The 391 km railway will run from the border city of Lao Cai through capital city Hanoi to Haiphong that houses the largest seaport in northern Vietnam, Minh said. The railway will have a gauge of 1,435 millimeters and will allow trains to operate at a speed of up to 160 kph (99 mph). It is designed to transport both passengers and cargo. Parliament is scheduled to vote on the railway project next week during its ongoing meeting in Hanoi. In November, lawmakers also approved a resolution supporting a $67 billion, 1,541 km high-speed rail that would link Hanoi with business hub Ho Chi Minh City, targeting the start of operations in 2035
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