The Ministry of Transport (MoT) has proposed total investment of 240 trillion VND (10.4 billion USD) for the expansion of the railway network from now until 2030, to be sourced by the State budget and other legal sources.
|The railway sector has set a target of raising its market share to 0.27 percent in cargo transportation and 4.4 percent in passenger transportation by 2030. (Photo: VNA)|
The ministry has submitted a draft master plan on railway development until 2030, with a vision to 2050, to the Prime Minister for approval, which aims to raise the sector's market share to 0.27 percent in cargo transportation and 4.4 percent in passenger transportation by 2030, Tuoi Tre (Youth) reported.
The volume of cargo transportation will achieve 11.8 million tonnes by 2030, up 2.3 times over 2019’s figure while passenger transportation will reach 460 million people.
To achieve this goal, the national railway network will be extended to 16 routes with a total length of 4,871km. The number includes seven existing routes and nine new lines.
The seven existing routes namely Hanoi-HCM City, Hanoi-Hai Phong, Yen Vien-Lao Cai, Hanoi-Dong Dang, Hanoi-Thai Nguyen, Kep-Ha Long-Cai Lan, Kep-Luu Xa will be upgraded to meet domestic transport demand.
Among the nine new routes, the top priority is given to the North-South high-speed railway project with a plan to build a double track railway of 1,435mm size, stretching over 1,545km.
By 2050, the national railway network will consist of 25 routes with a total length of 6,409km, an increase of nine lines compared with 2030’s planning with an additional length of 1,538km.
According to Nguyen Ngoc Dong, Deputy Minister of Transport, the railway network planning for 2050 will basically not change much compared to the plan approved in Decision 1468/QD-TTg in 2015 of the Prime Minister.
State-owned giant Vietnam Railways (VNR) has faced many difficulties due to the impact of the ongoing Covid-19 pandemic, leaving thousands of its workforce unemployed.
Hundreds of trains have been left vacant, thousands of railway workers work perfunctory, and millions of people inch meter by meter on jammed roads from the suburbs to the city center.