Lao Cai - Hanoi Railway

The National Assembly voted to pass the National Assembly Resolution on the investment policy for the Lao Cai - Hanoi - Hai Phong railway construction investment project. Photo: Quochoi.vn

finalizing investment of 203,231 billion VND to build Lao Cai - Hanoi - Hai Phong railway

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With 455/459 votes, the National Assembly approved the proposed investment plan of VND 203,231 billion to build the Lao Cai - Hanoi - Hai Phong railway line.

Chairman of the National Assembly's Economic Committee Vu Hong Thanh presented a report examining the investment policy for the Lao Cai - Hanoi - Hai Phong railway construction project. Photo: Quochoi.vn

$109.36 million needed to maintain Lao Cai - Hanoi - Hai Phong railway

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According to Mr. Vu Hong Thanh, the Lao Cai - Hanoi - Hai Phong railway project needs support of 109.36 million USD in the first 5 years to cover maintenance costs, so it is necessary to carefully evaluate the financial plan to minimize risks.