On September 18, 2024, the Politburo met to give opinions on the Project on investment policy for high-speed railway on the North-South axis.
General Secretary and President To Lam chaired the meeting. Also attending the meeting were Politburo members: Prime Minister Pham Minh Chinh, National Assembly Chairman Tran Thanh Man, Standing member of the Secretariat Luong Cuong and delegates.
After listening to the Party Committee of the Ministry of Transport report on the Project for Investment Policy of the North-South High-Speed Railway and the opinions of the agencies, the Politburo discussed and concluded that this is a very important and necessary project, emphasizing 5 important issues.
Firstly, the general goal of building a high-speed railway line is to meet transportation needs, contribute to restructuring the transportation market share on the North-South corridor in an optimal and sustainable manner, create the premise and driving force for socio-economic development, ensure national defense and security, contribute to realizing the Party's policies and orientations on investment in developing transport infrastructure in the National Development Strategy according to the Resolution of the 13th National Party Congress and implementing national plans.
Second, strengthen regional and growth pole connectivity, create spillover momentum, open up new economic development space, restructure urban areas, distribute population, shift economic structure; increase economic competitiveness.
Third, ensuring transportation needs on the North-South corridor, the largest transportation corridor in the country, meeting the requirements of socio-economic development, restructuring the transportation market share in accordance with the advantages of each mode, contributing to reducing logistics costs.
Fourth, create the premise and driving force for the development of railway industry and supporting industry.
Fifth, develop sustainable, modern, and friendly transportation methods to contribute to reducing traffic accidents, environmental pollution, responding to climate change, and ensuring national defense and security.
The Politburo agreed to seek the opinion of the Party Central Committee to approve the investment policy for the high-speed railway on the North-South axis before the Government submits it to the National Assembly at the 8th Session of the 15th National Assembly.
