CII BRIDGES AND ROADS INVESTMENT JOINT STOCK COMPANY CII BRIDGES AND ROADS INVESTMENT JOINT STOCK COMPANY https://main 32 32 Ho Chi Minh City Management Authority for Urban Railway (MAUR) Organized to Conduct A Contractor Capacity Survey to Implement Investment in 3 Urban Railway Lines https://main/en/ho-chi-minh-city-management-authority-for-urban-railway-maur-organized-to-conduct-a-contractor-capacity-survey-to-implement-investment-in-three-urban-railway-lines/ Tue, 10 Mar 2026 10:48:35 +0000 https://datvietjsc.com/?p=2685 On the morning of March 6th, 2026, the Ho Chi Minh City Management Authority for Urban Railways (MAUR) organized a Contractor Capability Survey Workshop to implement investment for three urban railway (UR) lines in Ho Chi Minh City. This public workshop was attended by many domestic and international companies, to consult and register for tender packages.

According to the master plan, the (new) Ho Chi Minh City UR network has a total length of 1,024 km with 27 lines (including 12 lines in Ho Chi Minh City area, 12 lines in Binh Duong area, and 3 lines previously in Ba Ria-Vung Tau area). Therefore, from now until 2030, the city will have to complete nearly 200 km of urban railways, and by 2035, they will be nearly 450 km.

The “Contractor Capability Survey” workshop was organized with the aim of preparing for consulting packages for the preparation and verification of feasibility study (FS) reports and FEED design (Front-End Engineering Design). The 03 UR projects which requiring consulting and verifying are: Urban Railway Line 1 (Binh Duong New City – Suoi Tien); Urban Railway Line 2 (Thu Dau Mot City – Ho Chi Minh City); and Urban Railway Line 6, Phase 1 (Ba Queo – Phu Huu section).

Figure 1: Mr. Phan Cong Bang, Head of Ho Chi Minh City Management Authority for Urban Railway, delivered the opening speech at the workshop. (Photo: MAUR)

Mr. Hoang Mai Tung, Director of Project Management Unit 1 (Ho Chi Minh City MAUR), stated that among the 3 aforementioned UR projects, UR Line 1 (Binh Duong New City – Suoi Tien) is a national key project, expected to be implemented under the public investment model.

Figure 2: Mr. Hoang Mai Tung, Director of Project Management Unit 1 (Ho Chi Minh City MAUR) stated that UR Line 1 will be implemented under public investment. (Photo: MAUR) 

UR Line 1 has an estimated total investment of approximately 46,725 billion VND; including land clearance costs of 6,679 billion VND, construction costs of 16,092 billion VND, equipment costs of 11,252 billion VND, and the Line 1 remainder are management, consulting, and contingency costs. This line has 19 stations, along with the Suoi Tien Bus Station of Metro Line 1 (Ben Thanh – Suoi Tien).

The parameters regarding track gauge, speed and rolling stock for UR Line 1 are similar to the Ben Thanh – Suoi Tien line. The estimated land use demand is approximately 58 ha.

Figure 3: Estimated costs for UR Line 1, public investment line (Total: 46,725 billion VND). (Photo: CII BRIDGES AND ROADS JSC)
Figure 4: Introduction of UR lines in Ho Chi Minh City. (Photo: MAUR)

Meanwhile, the UR Line 2 project (Thu Dau Mot City – Ho Chi Minh City) has an estimated total investment of approximately 50,000 billion VND (2 billion USD), and UR Line 6 has an estimated total investment of approximately 86,000 billion VND (3.3 billion USD).

Overview information about UR Lines 1, 2, and 6 is as the following table below:

Figure 5: Overview of UR Lines 1, 2, and 6. (Photo: CII BRIDGES AND ROADS JSC)
Figure 6: Mr. Nguyen Huu Khanh Nguyen, Director of CII BRIDGES AND ROADS Investment and Construction Consulting Joint Stock Company, speaking about the content of the market survey and consultation before the implementation of the UR and information on the bidding packages. (Photo: MAUR)

Through the consultation process, Mr. Phan Cong Bang, Head of Ho Chi Minh City MAUR, shared:

“We hope that capable and experienced contractors will show their interest and boldly propose to participate in the consulting tender packages with the highest sense of responsibility, ensuring quality and progress; while also proposing reasonable contract prices which save the Vietnamese budget.”

Figure 7: Mr. Phan Cong Bang hoped that contractors will boldly propose to participate in the consulting tender packages. (Photo: MAUR)

At the same time, Mr. Bang stated that they will fully and objectively collect market information, thereby establishing a basis for developing an appropriate and effective contractor selection plan and creating the most favorable conditions for partners to work. The MAUR will also conduct site surveys and discuss with relevant agencies to ensure partners feel secure and exert their utmost efforts for the common work.

The goal of the Ho Chi Minh City MAUR is to complete the plans for projects of 3 aforementioned lines around early July 2026 to hand over to relevant agencies to organize site clearance and relocate technical infrastructure.

By the end of 2026, the Ho Chi Minh City MAUR will proceed with the approval of the investment project and FEED design. It is expected that on April 30th, 2027, the three aforementioned UR lines will commence construction./.

Figure 8: The Organizers and delegates attending the Contractor Capacity Survey Workshop to deployment and implement the investment of 3 UR lines in Ho Chi Minh City on March 6th, 2026. (Photo: MAUR)
]]>
Thematic Workshop on Technology and Engineering in Urban Railways https://main/en/thematic-workshop-on-technology-and-engineering-in-urban-railways/ Thu, 28 Aug 2025 10:26:08 +0000 https://datvietjsc.com/?p=2602 Technology Forum on Hanoi Urban Rail Transit

Hanoi, August 28, 2025 – The Hanoi Metropolitan Railway Management Board (MRB) has successfully held a thematic forum on innovative technological solutions for railway structures, fastening systems, and turnouts within the Hanoi urban railway network.

The event gathered leading domestic and international experts to share insights, exchange best practices, and propose advanced solutions, aiming to enhance technical capacity and contribute to the sustainable development of Hanoi’s urban transport infrastructure.

CII BRIDGES AND ROADS Investment and Consulting Joint Stock Company had the honor of delivering a thematic presentation at the forum. The event was further highlighted by the participation of distinguished international experts, including:

Mr. Mario Valerio Dattola, an international expert with over 40 years of experience in urban railway design and construction. He has held key positions such as Technical Director of Metro Line 1 (Hitachi, Ho Chi Minh City) and Design Director of Metro Line 3 (Colas Rail, Hanoi)

Mr. Winfried Bosterling, Vice President of Vossloh Fastening Systems GmbH, responsible for Research, Development, and Innovation.

Mr. Laurent Letzelter, Global Business Director for Metro Systems at Vossloh Cogifer SA

The forum took place in an engaging atmosphere with the direct participation of leaders from the Da Nang Priority Infrastructure Project Management Board, along with experts, organizations, and interested stakeholders. Notably, the Ho Chi Minh City Urban Railway Management Board (MAUR) also attended the event online. The delegates actively discussed, shared experiences, and proposed practical improvements for the Hanoi urban railway project.

The event not only provided a valuable opportunity for knowledge exchange among experts but also played an important role in shaping and promoting the development of a modern and sustainable public transport system for the capital in the future.

]]>
Design of construction drawings, preparation of cost estimates, and development of Building Information Models (BIM) https://main/en/design-of-construction-drawings-preparation-of-cost-estimates-and-development-of-building-information-models-bim/ Thu, 28 Aug 2025 09:57:38 +0000 https://datvietjsc.com/?p=2597 Nguyen Huu Tho Road Project (section from the western side of the Provincial General Hospital to Nguyen Trai Road, and section from the extended Le Thanh Phuong Road to Nguyen Tat Thanh Road)

]]>
Technical – Technology Seminar on Metro organized by MAUR https://main/en/technical-technology-seminar-on-metro-organized-by-maur/ Thu, 21 Aug 2025 13:48:53 +0000 https://datvietjsc.com/?p=2529

CII BRIDGES AND ROADS Company’s Sharing at the Technical – Technology Seminar on Metro Organized by MAUR

On June 27, 2025, the Ho Chi Minh City Urban Railway Management Board (MAUR) successfully organized a Technical – Technology Seminar on Metro with the theme: “Some Lessons Learned in the Design of Metro Line 1.”

This event marked the beginning of a series of regular seminars aimed at updating technology trends, enhancing expertise, and strengthening technical–technological management capacity in the metro sector. CII BRIDGES AND ROADS Investment and Construction Consulting Joint Stock Company sincerely thanks MAUR for the facilitation, collaboration, and trust that allowed the Company to participate and share in this seminar.


Presentation by Mr. Mario Valerio Dattola: A Critical Perspective on the Selection of Ballastless Track Systems for Ho Chi Minh City Metro

Mr. Mario Valerio Dattola – an international railway expert, representing CII BRIDGES AND ROADS – presented a paper evaluating ballastless track structure systems applied on Metro Line 1, while comparing them with the technical choices of Metro Line 2, from an independent and scientific perspective.

With clear presentation, rich practical evidence, and systematic reasoning, his sharing provided an independent technical view and opened up many considerations for selecting suitable metro configurations for Vietnam in the long term.


Seminar – An Interdisciplinary Academic Platform

The event attracted strong interest from experts, consulting firms, contractors, technology corporations, and universities. Beyond being a technical update forum, the seminar served as a platform for connection – learning – co-development, fostering innovation, localization of technology, and mastery of the metro sector – a still emerging field in Vietnam.


Future Cooperation Orientation

CII BRIDGES AND ROADS Company looks forward to further collaboration with MAUR and experts, organizations both domestic and international, in order to exchange and conduct research on topics related to urban railways in the near future.

📌Contact Information: CII BRIDGES AND ROADS Investment and Construction Consulting Joint Stock Company 🌐 Website: ciibridgesroads.com.vn 📧 Email: info@ciibridgesroads.com.vn

]]>
Survey and Investigation Consultancy, Preparation of Construction Drawing Design – Cost Estimation, and Building Information Modeling (BIM) Development https://main/en/survey-and-investigation-consultancy-preparation-of-construction-drawing-design-cost-estimation-and-building-information-modeling-bim-development/ Thu, 21 Aug 2025 13:40:48 +0000 https://datvietjsc.com/?p=2525 Construction Method Statement for the Project: Connecting Road from the North–South Expressway to Phu My Industrial Zone and Phu My Port

]]>
Recruitment: Road & Bridge Design Engineer / Technical Infrastructure Engineer (02 Positions) https://main/en/tuyen-dung-ky-su-2/ Tue, 11 Mar 2025 03:37:08 +0000 https://datvietjsc.com/?p=2368 Job Requirements:

Graduated from universities or colleges majoring in Construction, Transportation, or related fields.
Enthusiastic and responsible at work.
At least 1 year of experience.
Preference will be given to candidates with a professional practice certificate, especially in infrastructure design.
✅ Benefits:

Salary: Net salary ranging from 10 million to 25 million VND/month (depending on capability).
Entitled to benefits as per state regulations, including bonuses on holidays and Tet, company trips, and other welfare policies.
A good and stable working environment.
Workplace locations: 136/1 Trần Phú, Ward 4, District 5, Ho Chi Minh City or Hanoi.

]]>
Great expectations from the $8.3 billion railway project https://main/en/great-expectations-from-the-8-3-billion-railway-project/ Thu, 06 Mar 2025 06:33:12 +0000 https://datvietjsc.com/?p=2355 The route, when invested, will open up great opportunities for transportation, international connections, and reduce logistics costs. For implementation, many specific mechanisms have been proposed.

Yesterday afternoon (10/2), the National Assembly Standing Committee gave its opinion on the investment policy of the Lao Cai – Hanoi – Hai Phong railway with a gauge of 1,435mm.

The shortest route, as straight as possible

Presenting the Government’s report, Minister of Transport Tran Hong Minh said that the project has a starting point at the location of the cross-border rail connection between Lao Cai New Station and Ha Kou Bac Station (China), in the territory of Lao Cai City; the end point is at Lach Huyen wharf area, in Hai Phong City. The length of the main route is about 390.9km and 3 branch routes are about 27.9km.

Kỳ vọng lớn từ dự án đường sắt 8,3 tỷ USD- Ảnh 1.

Minister of Transport Tran Hong Minh presented the Government’s report on the investment policy of the Lao Cai – Hanoi – Hai Phong railway project.

The project passes through 9 provinces and cities including: Lao Cai, Yen Bai, Phu Tho, Vinh Phuc, Hanoi, Bac Ninh, Hung Yen, Hai Duong, Hai Phong. Preliminary total investment is about 203,231 billion VND (about 8,369 billion USD).

The Government proposes that the funding sources for the project include the State budget (central and local), domestic capital, foreign capital sources (borrowing from the Chinese Government) and other legal capital sources.

Regarding the scale of investment, the construction of a new 1,435mm gauge electrified railway, transporting passengers and goods together; the main route from Lao Cai Moi station to Nam Hai Phong station has a design speed of 160km/h, the section through the Hanoi focal area has a design speed of 120km/h, and the connecting sections and branch routes have a design speed of 80km/h.

In terms of technology, the use of concentrated propulsion train technology for passenger and cargo trains; the information and signal system is equivalent to the system being used in a number of railways to transport passengers and goods in the region.

According to Minister Tran Hong Minh, the direction of the route is studied and selected to ensure the shortest and most straight possible, ensuring conformity with the plans approved by the competent authorities.

Regarding station works, it is expected to arrange 18 stations (including 3 train stations, 15 mixed stations). In the process of exploitation, when the demand for transportation increases, a number of technical operation stations will be researched and upgraded into mixed stations and additional stations will be invested when there is a need.

Regarding progress, according to the Government’s proposal, the project will be prepared a feasibility study report from 2025, striving to be basically completed by 2030.

Removing the “bottleneck” point of intermodal transport

As noted by PV in the first days of the new year, in the area of Vu Cach station (Hai Phong), the activity of queuing sulfur by train to China through Lao Cai border gate is still taking place regularly.

Kỳ vọng lớn từ dự án đường sắt 8,3 tỷ USD- Ảnh 2.

Direction of the Lao Cai – Hanoi – Hai Phong railway line with a gauge of 1,435mm according to the pre-feasibility study report

Mr. Duong Van Hung, Chairman of the Board of Directors and Director of Hai Phong Railway Transport Services Joint Stock Company – a railway transport leasing unit, said that this is a traditional item that the company undertakes services for Chinese partners. In addition to sulfur, there are also ores and other bulk commodities with a two-way output of about 350,000 tons/year.

Previously, sulfur and iron ore passed through Hai Phong port, from there by train through Lao Cai to Chinese factories and vice versa with higher output. However, about 10 years ago, when China built a 1,435mm gauge railway to Hekou Bac station near the border, output decreased because Vietnamese railways still used 1,000mm gauge.

Very few locomotives and 1,000mm wagons are eligible to run on Chinese railways, so most trains have to stop at Lao Cai station, transferring goods to Chinese wagons. At Hekou Bac Station, if you want to go deep into China, you have to transfer to a 1,435mm gauge car, incurring many operations and costs.

Before the information that the Lao Cai – Hanoi – Hai Phong railway was submitted to the National Assembly for investment policy, Mr. Nguyen Hoang Thanh, Deputy General Director of Railway Transport and Trading Joint Stock Company (Ratraco) said that this will help businesses save a lot of time and import and export costs.

Creating a construction market of more than 4.5 billion USD

According to Mr. Vu Hong Phuong, Director of the Railway Project Management Board, the East-West corridor (Hai Phong – Hanoi – Lao Cai) is a transport corridor passing through 9 localities, accounting for 21% of GDP, 25% of industrial parks across the country. This is the second most important transport economic corridor after the North-South corridor.

The investment in this railway line will create a construction market with a value of more than 4.5 billion USD, about 90,000 jobs during construction and about 2,500 long-term jobs.

At the same time, the line connects to Chinese railways, through railways to Yunnan, Tibet and connects to Europe. Vietnam’s exports will travel by rail through Lao Cai border gate and be transported on this railway.

According to Mr. Nguyen Ngoc Dong, former Deputy Minister of Transport, of the 7 railway routes, if the North-South route is characterized by outstanding passenger demand, the East-West route meets the urgent needs of freight transportation and connectivity. Vietnamese goods transported to Europe by rail cost reduced from 1/3 to nearly 1/2 compared to traveling by sea, the time is also shortened from 14-20 days.

Proposing a series of specific mechanisms

In order to be able to start the project at the end of 2025 under the direction of the Government, Mr. Vu Hong Phuong said that the Ministry of Transport has implemented many works simultaneously.

Specifically, in the process of studying and preparing a pre-feasibility study report, the Ministry of Transport also implements the contents in the step of making a feasibility study report; Negotiating a loan agreement for the project…

The Ministry of Transport has proposed a series of specific policies, including a group of policies related to promoting progress, such as the authority to approve, the authority to adjust projects, determine capital sources, allow the application of the contractor appointment mechanism for all steps that may affect the start time, etc.

Accordingly, the Ministry of Transport proposes 19 policy groups under the jurisdiction of the National Assembly. In particular, it is proposed to allow the application of 15/19 policies in Resolution No. 172/2024/QH15 of the National Assembly on the investment policy of the high-speed railway project on the North-South axis.

At the same time, it is proposed to add 4 groups of policies under the jurisdiction of the National Assembly. In which, investors are allowed to be appointed to bid for bidding packages of projects of national importance according to the provisions of Article 23 of the Law on Bidding.

Lessons learned from previous projects show that two factors that have a great impact on prolonging the project construction progress are land acquisition, compensation, and resettlement support (THD, DB, HTTDC) of localities and disagreements and conflicts in the economic contract relationship between the investor and the contractor.

In order to overcome these factors, the Ministry of Transport has proposed specific mechanisms in the work of Land Permits, Land Permits, and Land Permits such as: Preliminary design dossiers can be used (after the investment policy is approved by the National Assembly) to send to localities to prepare for the implementation of Land Permits, Land Plans, and Land Plans; Assign localities to be investors of THD, DB, HTTDC projects, implement immediately after the project is approved for investment policy (previously it had to be approved to be implemented THD, DB, HTTDC)…

Thorough evaluation to avoid risks

Presenting the verification report to the Government, Chairman of the National Assembly’s Economic Committee Vu Hong Thanh said that the Economic Committee agreed on the need to invest in the project with the political and legal bases and practical reasons stated in the Government’s report.

Regarding the direction of the route, the verification agency proposed that in the feasibility study step, the Government direct relevant agencies to carefully review and select the optimal route orientation plan to ensure the connection of the project with the national railway network, urban railways, and other transport systems.

The Economic Committee also proposed to evaluate the overall effectiveness of railway projects expected to invest and thoroughly evaluate the financial plan, impacts in the operation and exploitation of the projects to minimize future risks.

In order to ensure feasibility and effectiveness, it is very necessary for the Government to propose the National Assembly to allow the application of a number of specific mechanisms and policies.

]]>
19 specific policies for the construction of the Lao Cai – Hanoi – Hai Phong railway https://main/en/19-specific-policies-for-the-construction-of-the-lao-cai-hanoi-hai-phong-railway/ Thu, 06 Mar 2025 06:23:07 +0000 https://datvietjsc.com/?p=2351 ]]> The National Assembly approves the investment policy of the North-South high-speed railway project of more than 67 billion USD https://main/en/the-national-assembly-approves-the-investment-policy-of-the-north-south-high-speed-railway-project-of-more-than-67-billion-usd/ Thu, 06 Mar 2025 06:13:08 +0000 https://datvietjsc.com/?p=2347 The North-South high-speed railway project has a total length of about 1,541km, a design speed of 350km/h and a total investment of more than 67 billion USD.

Quốc hội thông qua đầu tư dự án đường sắt tốc độ cao Bắc - Nam hơn 67 tỉ USD - Ảnh 1.

Delegates participating in the meeting – Photo: GIA HAN

On the afternoon of November 30, with 443/454 delegates present in favor, 7 delegates disagreed, 4 delegates did not vote, the National Assembly passed a resolution on the investment policy of the high-speed railway project on the North-South axis.

High-speed rail has 23 passenger stations

Accordingly, the high-speed railway project has a total length of about 1,541km; the starting point is at Ngoc Hoi station (Hanoi), the end point is at Thu Thiem station (Ho Chi Minh City).

The North-South high-speed railway passes through 20 provinces and cities: Hanoi, Ha Nam, Nam Dinh, Ninh Binh, Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Tri, Hue, Da Nang, Quang Nam, Quang Ngai, Binh Dinh, Phu Yen, Khanh Hoa, Ninh Thuan, Binh Thuan, Dong Nai, Ho Chi Minh City. HCM.

The National Assembly decided to invest in a new 1,435mm double-gauge road, with a design speed of 350km/h, a load of 22.5 tons/axle; 23 passenger stations, 5 cargo stations; means and equipment.

High-speed railway transports passengers, meets the requirements of dual-use for national defense and security, and can transport goods when necessary.

Preliminary total land use demand of the project is about 10,827ha. When implementing the project, it is expected that about 120,836 people will be resettled.

The North-South high-speed railway is invested in the form of public investment, with a total investment of more than 1,713 million billion VND (equivalent to more than 67 billion USD).

The National Assembly decided to make a feasibility study report from 2025, striving to basically complete the project in 2035.

Before the National Assembly voted, Chairman of the Economic Committee Vu Hong Thanh had an explanation report on the absorption of the draft resolution.

Accordingly, a number of opinions suggested a thorough assessment of financial efficiency, especially the ability to recover capital, the ability to return capital and the subsidy for the project during operation and exploitation.

Regarding this content, the Standing Committee of the National Assembly stated that the Government has calculated the direct and indirect economic benefits very large but cannot be calculated into the revenue and financial efficiency of the project.

Similar to the model of countries in the world, railway projects bring great efficiency to the economy, but the revenue calculated for the project is mainly from transportation revenues, commercial exploitation to balance the cost of operation and maintenance of vehicles, etc maintain infrastructure and pay infrastructure fees to the State.

Accordingly, in the first 4 years of operation, the revenue can only offset the cost of operation and maintenance of vehicles.

Therefore, the State needs to support part of the economic non-business capital allocated for the current railway system to maintain infrastructure.

Capital allocation through 3 medium-term periods

Many comments suggested supplementing a more complete assessment of capital sources and the ability to balance capital, allocate capital for each phase of the project to ensure feasibility and efficiency.

It is proposed to supplement a thorough assessment of the impact of project investment on the state budget deficit, public debt and the budget’s ability to repay debts in the medium and long term.

There is an opinion that the project goes through 3 medium-term periods, so the total investment approved in any period is only counted in that period, the capital to be implemented in any period is calculated in that medium-term period and should not be transferred from the previous medium-term period to the next medium-term period.

Regarding this content, the National Assembly Standing Committee clearly stated that the project lasts through 3 medium-term periods, the ability to balance capital, and allocate capital to implement the project.

Specifically, in the period of 2021 – 2025, the capital demand for the project is about VND 538 billion (used for investment preparation) has been balanced in the medium-term public investment plan of the Ministry of Transport.

In the period of 2026 – 2030, the capital demand is about VND 841,707 billion and in the period of 2031 – 2035, the capital demand is about VND 871,302 billion.

According to the Law on Public Investment 2019, currently assessing the ability to balance capital sources can only be implemented according to the 5-year medium-term public investment plan, the transition to the next stage is not more than 20% of the previous public investment plan.

The project lasts through 3 medium-term periods, so the determination of the ability to balance capital is not regulated. Therefore, the draft resolution stipulates that the project is allocated capital through the medium-term public investment plan periods.

The capital level allocated for each medium-term period is in line with the project implementation schedule and is not required to carry out the appraisal of the ability to balance capital in accordance with the Law on Public Investment.

]]>
North-South high-speed railway 67.34 billion USD is not expensive compared to the investment rate of other countries https://main/en/north-south-high-speed-railway-67-34-billion-usd-is-not-expensive-compared-to-the-investment-rate-of-other-countries/ Thu, 06 Mar 2025 05:10:13 +0000 https://datvietjsc.com/?p=2341 The Ministry of Transport clearly stated the selection of a design speed of 350km/h for the North-South high-speed railway to meet modern criteria, the investment rate is not expensive compared to other countries.

Đường sắt tốc độ cao Bắc - Nam 67,34 tỉ USD không đắt so với suất đầu tư của các nước - Ảnh 1.

Illustration

In the afternoon of November 20, the National Assembly discussed in the hall the investment policy of the high-speed railway project on the North-South axis.

Previously, the Ministry of Transport had explained, absorbed and clarified groups of issues on the investment policy of the North-South high-speed railway project.

Why choose the speed of 350km/h?

Accordingly, there is an opinion that initially it can be studied at a more suitable level of 250km/h, both carrying passengers and cargo.

Regarding the above content, the ministry stated that the speed selection has been thoroughly and comprehensively studied, synthesizing experience in high-speed railway development.

The results of the study show that the speed of 200-250km/h developed about 50 years ago and was popular in the period about 25 years ago, suitable for short and medium routes.

The speed of 350km/h and higher is a development trend in the world, suitable for routes of 800km or more, concentrated in many cities with high population density such as the North-South corridor of our country.

World experience shows that with a length of 800km, a speed of 350km/h is more attractive and has a higher ability to attract passengers than a speed of 250km/h.

According to the consultant’s calculations, on the Hanoi – Ho Chi Minh City route. Ho Chi Minh City at a speed of 350km/h has the ability to attract passengers about 12.5% higher than the speed of 250km/h; the investment cost of 350km/h is about 8-9% higher than the speed of 250km/h.

However, if you invest at a speed of 250km/h, upgrading to a speed of 350km/h is difficult and ineffective.

Therefore, it is proposed to choose a design speed of 350km/h for the North-South high-speed railway to meet the criteria of modernity, synchronization, long-term vision, efficiency, and suitability to our country’s geoeconomic conditions.

The investment rate is 43.7 million USD/km at an average level

The Ministry of Transport also stated that the project has a total investment of about 67.34 billion USD, the investment rate is 43.7 million USD/km.

Compared to other countries in the world, this is the average when converted to 2024 as follows: Germany’s Nuremberg – Ingolstadt route, operating speed 300km/h, investment rate of 60.5 million USD/km.

LGV Sud Europe – Atlantique route of France, operating speed 300km/h, investment rate of 45.2 million USD/km; the Osong – Mokpo route of South Korea, the operating speed is 305km/h, the investment rate is 53.6 million USD/km.

China’s Beijing-Shanghai route, operating speed 350km/h, investment rate of 33.1 million USD/km; the Jakarta – Bandung route of Indonesia, the operating speed is 350km/h, the investment rate is 52 million USD/km.

The investment rate for high-speed rail construction in China is about two-thirds lower than in other countries, mainly due to low labor costs and standardization of designs and processes.

The large, unchanged high-speed rail investment plan has encouraged development and competition in the production and construction of equipment as well as the depreciation of the capital cost of construction equipment.

The comparison of investment rates between projects is also only relative because it depends on many factors such as technology, topographic conditions, geology, hydrology, scale, technical standards, localization ability, etc.

For Vietnam’s high-speed railway, the technology has not been selected in detail, so the expected investment rate in the pre-feasibility study report is acceptable and will continue to be reviewed and calculated specifically in the process of making investment projects and the next steps.

The explanation of the Ministry of Transport also clearly indicates that the project is expected to be allocated from the state budget in the medium-term public investment plan periods to invest in completing the project in 2035.

The capital allocation period is about 12 years, with an average of about 5.6 billion USD per year, equivalent to about 16.2% of the medium-term investment plan for the 2026-2030 period if the medium-term public investment rate of 5.5-5.7% of GDP remains the same.

About 1.3% of GDP in 2023, about 1.0% of GDP in 2027 (project start-up). The implementation process will mobilize a variety of legal capital sources for investment.

In addition, in this term, 3,000km of investment has been completed and about 1,700km of expressways are being implemented.

Therefore, the investment pressure to reach 5,000km of expressways by 2030 according to the resolution of the 13th Congress is not large, the medium-term public investment plan in the next period can balance investment, not much impact on economic development goals.

Preliminary assessment of the impact on public debt safety indicators when implementing project investment shows.

By 2030, all 3 criteria (public debt, government debt, foreign debt of the country) will be lower than the permissible level. Two criteria (the country’s foreign debt repayment obligation and budget deficit) increased compared to the permissible level.

After 2030, the public debt criterion will be lower than the permissible level; other criteria increase but not much compared to the scenario of not investing in high-speed rail.

The above scenario for evaluating the public debt safety target has not taken into account the project’s contribution to GDP growth during the construction period.

The cost of investment in means and equipment will be reimbursed by the Vietnam Railways Corporation; revenue from land fund exploitation in TOD and commercial exploitation areas.

]]>