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Vietnam discusses construction of US$67.3 billion high-speed railway with China鈥檚 biggest contractor
30 October 2024
Delegates at the discussions between the Committee for Management of State Capital and CSCEC (Image: CMSC)
Representatives of Vietnam鈥檚 government have discussed the construction of a US$67.3 billion high-speed railway at a meeting with China鈥檚 biggest construction company, China State Construction (CSCEC).
Vietnam鈥檚 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鈥檚 State Capital Management Committee Nguyen Ngoc Canh that he looked forward to cooperating with CSCEC on key projects.
鈥淭his is a particularly important project for the country鈥檚 development, contributing to raising the country鈥檚 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,鈥� he said.
General director of CSCEC鈥檚 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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