Kinhtedothi- On the morning of February 19, at the 9th extraordinary session, the 15th National Assembly voted to approve the Resolution on investment policy for the Lao Cai - Hanoi - Hai Phong railway construction investment project, with a preliminary total investment of VND 203,231 billion.
The newly built modern and synchronous railway line aims to meet the domestic and international transportation needs between Vietnam and China; create an important driving force for rapid and sustainable socio -economic development, promote advantages on the Lao Cai - Hanoi - Hai Phong economic corridor; ensure effective connection of domestic and international railway networks, associated with ensuring national defense, security and international integration...
This railway line has its starting point at the cross-border rail junction (Lao Cai province), its end point at Lach Huyen station (Hai Phong city); the main line length is about 390.9 km; the branch lines length is about 27.9 km; passing through 9 provinces and centrally-run cities including: Lao Cai, Yen Bai , Phu Tho, Vinh Phuc, Hanoi Capital, Bac Ninh, Hung Yen, Hai Duong and Hai Phong;
The scale of new investment for the entire single-track route, gauge 1,435 mm; general passenger and cargo transportation; design speed of 160 km/h for the main route from the new Lao Cai station to Nam Hai Phong station, design speed of 120 km/h for the section through the Hanoi city hub area, design speed of 80 km/h for the remaining routes;
The route applies rail technology and electrification; ensuring modernity, synchronization, safety and efficiency.
The scope of land acquisition is implemented according to the planning scale (double track for the main line from the new Lao Cai station to Nam Hai Phong station and single track for the remaining sections).
Preliminary total land use demand is about 2,632 hectares, including: rice land about 716 hectares, forestry land about 878 hectares, other types of land according to land law regulations about 1,038 hectares. Preliminary resettled population is about 19,136 people.
The preliminary total investment of the Project is 203,231 billion VND. The state budget capital is allocated in the medium-term public investment plan and other legal capital sources.
Implementation progress: prepare feasibility study report from 2025, strive to complete the Project by 2030 at the latest.
During the implementation of the Project, the Prime Minister is authorized to decide to: issue Government bonds for the Project to supplement the shortfall compared to the annual public investment plan and estimate approved by the National Assembly without increasing the State budget deficit;
Mobilizing official development assistance (ODA) capital and foreign preferential loans to implement the Project without having to prepare a Project Proposal using ODA capital and foreign preferential loans; applying the regulations of the foreign sponsor in cases where Vietnamese law does not have regulations or has regulations but they are different from the regulations of the foreign sponsor;
Use the annual Central budget revenue increase and expenditure savings (if any) and other legal capital sources for the Project in case the annual State budget estimate does not meet the progress. The use of the annual revenue increase and expenditure savings does not have to be implemented in the order of priority as prescribed by the law on the State budget.
The project does not have to conduct capital balance capacity appraisal according to the provisions of the Law on Public Investment.
Source: https://kinhtedothi.vn/thong-qua-chu-truong-dau-tu-du-an-xay-dung-duong-sat-lao-cai-ha-noi-hai-phong.html
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