Start of the 10 Billion Dollar Railway Connecting Ho Chi Minh City – Can Tho | Finance – Business

Consequently, the Ministry of Transportation assigned the Railway Project Management Board the active coordination with the relevant agencies and units to develop the Report of the Pre-Feasibility Study of the HCMC – Can Tho railway project during the period. period from 2021 to 2022.

According to the decision of the Ministry of Transport of August 27, 2013 approving the detailed planning of the HCMC – Can Tho railway, the total length of the entire line is 173,677 km with 14 stations, starting from the An Binh (Binh Duong) to Can Tho travels a long route to reach the existing cities and towns of Ho Chi Minh City and four western provinces. The total investment capital in construction is approximately 10 billion dollars. The line is designed with double-track rail, 1435 mm wide, it is a modern gauge for popular high-speed trains in the world, with speeds below 200 km / hour for freight trains and above 200 km / hour for passenger trains. The project, once implemented, will connect the southern key economic center with the capital of the Mekong Delta region, shortening the travel time to 45 minutes.

However, after many meetings, representatives from 5 related provinces agreed with the proposed research unit (Southern Institute of Science and Technology) to shorten the line to 139.7 km with 9 stations. , which runs in parallel with the Ho Chi Minh City – Trung Luong – My Thuan highway, in the peripheral direction of existing urban areas. The adjustment will reduce the amount of land cleared, making it more convenient for localities to develop urban clusters connected to the station, increasing the efficiency of land use. At the same time, it helps reduce construction costs and associated equipment by VND 17 billion.

Previously, the representative of the Southern Institute of Science and Technology said that the Institute had officially signed a Memorandum of Understanding (MOU) with the Morfund Fund of Canada with the investment scale for the project of 6.3 billion Canadian dollars. (equivalent to 5 billion dollars). According to the financial plan presented to Ho Chi Minh City, this project will be invested in the form of PPP (public-private partnership), the state is responsible for the liquidation and the private sector will cover all expenses. construction fee.

Mr. Ha Ngoc Truong, Head of the Metro Railways Department, Ho Chi Minh City University of Transport, and also leader of the Ho Chi Minh City – Can Tho high-speed rail project, additional information: Currently there are 2 investors the United States and the United Kingdom are interested in this project. They assess that the investment efficiency of the route (after changing the direction of the route) will be very high because the demand for travel and freight transport from the southwest to Ho Chi Minh City is very high and is still growing strongly in the next time. . In addition, according to the consultant’s proposal, 9 stations will be planned in 9 new cities with a population size equivalent to a neighborhood, commune, including complete infrastructure, industrial parks, homes, schools. schools, hospitals, supermarkets … according to international standards. Therefore, localities can make the most of the land fund at stations to mobilize capital for socio-economic development.