Breakfast in Ho Chi Minh City, working in Hanoi at noon

According to the 8th session agenda, the Government will submit to the National Assembly the investment policy for the high-speed railway project on the North-South axis. If the project dossier is approved by the National Assembly, it is expected to create a breakthrough in promoting the country's socio-economic development. Commenting on this, delegate Tran Hoang Ngan (HCMC delegation) said that many developed countries in the world have built high-speed railways. This is also the expectation of the people, "having breakfast in HCMC in the morning, working in Hanoi at noon". Delegate Tran Hoang Ngan also said that in the past, we did not have the conditions to build, but now we have enough potential, budget space, public debt space and a basic foundation to implement this project. "We also have enough scientific and technological foundation to learn from the experience of other countries in implementing the project and have the expectations of the people, so we must focus on doing it and doing it well", Mr. Ngan said. According to delegate Tran Hoang Ngan, after completion, the project will spread to many fields, expanding the development space, creating the prerequisites and foundations to enter a new era, an era of national development. "We should not focus too much on how much the ticket price is, whether it can compensate for the investment or not, but should pay attention to how this project will improve the quality of life of the people, bring convenience to people's travel, freight transport activities, attract tourists and more importantly, at the stops, the value of land and real estate will increase", delegate Tran Hoang Ngan commented.

Delegate Tran Hoang Ngan (HCMC delegation).

To ensure progress until 2035, delegate Tran Hoang Ngan said that we have political determination, but the current problem is the institution and mechanism for implementation. "We have many advantages, that is, Vietnam's construction level has been proven through the construction of many large-scale projects and bridges; public debt has decreased; Vietnam has improved its ranking in the country's credit rating, so it can borrow at low interest rates... so the implementation of the project will ensure feasibility", Mr. Ngan added. Delegate Tran Hoang Ngan also noted that if we do it, we must do it with quality, accepting the cost of full investment to ensure the quality of the project. We also need to pay attention to the factor of climate change and the characteristics of climate change that are affecting the length of the country. "We must ensure that the high-speed railway system is connected to the public transport system, so I believe it will be successful", delegate Tran Hoang Ngan said.

Top priority for financial resources for the project

Similarly, delegate Nguyen Hai Dung (Nam Dinh delegation) believes that if the investment policy for the high-speed railway project on the North-South axis is approved, the proposed progress and quality will be ensured. Mr. Dung gave an example of the successful implementation of the construction of the 500kV power transmission line 3, Quang Trach - Pho Noi, about 519 km long, passing through 9 provinces, showing the lesson of mobilizing forces to implement large projects. This is a valuable experience for implementing the construction of the high-speed railway project on the North-South axis. Delegate Nguyen Hai Dung said that we need to give the highest priority to financial resources for the high-speed railway project on the North-South axis; at the same time, mobilize human resources, materials, machinery and demonstrate determination from the highest leaders to the workers directly working on the construction site. If this can be done, the project will reach the finish line earlier than the planned date of 2035. With some concerns about the capital allocated for the project, delegate Nguyen Hai Dung assessed that the current GDP scale has increased compared to the previous period, so we can rest assured about financial resources.

Delegate Nguyen Hai Dung (Nam Dinh delegation)

"We are also completely confident in the capacity of Vietnamese enterprises, their construction level, thinking level, leadership and management ability... to successfully build this project," said Mr. Dung. Previously, on October 20, at the National Conference to disseminate and implement the Resolution of the 10th Central Conference of the 13th tenure, Prime Minister Pham Minh Chinh delivered a special presentation, including the content of the investment policy for the North-South high-speed railway. According to the Prime Minister, the policy of investing in the North-South high-speed railway is an objective requirement, a strategic choice to develop the country's infrastructure, create new development space, increase land value, facilitate travel for people, and compete for goods... The head of the Government affirmed that compared to the previous period when the North-South high-speed railway project was first submitted, we now have room to implement the project and can mobilize many resources to implement it from the central and local budgets, borrowing, issuing bonds, public-private partnerships... According to the Prime Minister, in the past, Vietnam was still facing difficulties, with GDP per capita just over 1,000 USD, GDP over 100 billion USD, so it was not possible to invest in the North-South high-speed railway, but now GDP has increased 3-4 times, so there is room to do so. The Prime Minister cited that the world is developing very quickly and China currently has 47,000km of high-speed railway, each year they develop 3,000km of highway. With the North-South high-speed railway project, it is proposed to be completed in 10 years and by 2035. The head of the Government also stated that if we continue to do it the old way, "to be honest, it will take about 50 years", so we must innovate the way of governance, management, resource mobilization, especially consulting; fight against negativity, corruption, and waste. "We have the conditions to do it and must be determined to do it", the Prime Minister emphasized and said that there must be a new way of doing things, innovate the way of governance, resource mobilization, fight against negativity, and waste in project consulting work. According to the Prime Minister, the Party Central Committee agreed to build a high-speed railway line in accordance with the policies of the Party and the State, ensuring modernity, synchronization, long-term vision, meeting transportation needs; renovate, upgrade and effectively exploit the existing North-South high-speed railway. At the same time, it is necessary to develop mechanisms and policies to mobilize resources, speed up the project's completion; develop railway industry and human resources to master the operation and maintenance work and gradually master the production of equipment and vehicles; apply modern science and technology in the construction, management and exploitation of railway infrastructure...

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