Under the agreement, Siemens Mobility will act as a technology partner, responsible for the design, supply, and integration of Velaro Novo high-speed trains, along with key railway systems such as ETCS Level 2 signaling with automatic train operation (ATO), telecommunications,...
Across the country, overall housing supply has been rising, but the share of affordable homes remains critically low. Experts are urging goverment regulations to control real estate prices to be carefully designed to ensure feasibility and avoid further market distortions.
The Ministry of Transport proposes a design speed of 350 km/h, a total length of 1,541 km, twin tracks, a gauge of 1,435 mm, and an estimated cost of US$67.34 billion for the mega project.
The Ha Noi-HCM City high speed rail project will benefit the country’s economy, but there are several challenges to implementation of the mega project, including financing, attracting private sector interest and a weak business case.
Viet Nam needs more than VND1,000 trillion (US$50 billion) to develop
transport infrastructure by 2020, a conference held here yesterday by
the Ministry of Transport was told.