As of the end of 2020, there had been 20 countries in the world having high-speed rail (HSR) networks totaling 58,839 kilometers. Excluding China, only three of these countries had HSR lines exceeding 1,500 kilometers in length. If Vietnam were to invest in and complete its entire HSR system, it would join the top five countries with the longest high-speed rail networks in the world—twice the length of the United States’ HSR system. But the crucial question remains how Vietnam can mobilize nearly US$70 billion, and which model should it adopt to invest in such a system. Models of capital mobilization and contracts for HSR deployment When discussing HSR financing, international studies typically divide financial resources into two categories: funding and financing. Funding refers to the upfront cash flow used before construction to cover expenses such as studies, feasibility analyses, and environmental impact assessments, as well as the post-construction cash flow needed for operation and maintenance of the infrastructure. Financing, on the other hand, is defined as “the investment capital required to acquire land corridors, and to design, construct, and put into operation the associated infrastructure systems.” In most HSR projects, the financing portion represents the largest financial requirement. To […]
As of the end of 2020, there had been 20 countries in the world having high-speed rail (HSR) networks totaling 58,839 kilometers. Excluding China, only three of these countries had HSR lines exceeding 1,500 kilometers in length. If Vietnam were to invest in and complete its entire HSR system, it would join the top five countries with the longest high-speed rail networks in the world—twice the length of the United States’ HSR system. But the crucial question remains how Vietnam can mobilize nearly US$70 billion, and which model should it adopt to invest in such a system. Models of capital mobilization and contracts for HSR deployment When discussing HSR financing, international studies typically divide financial resources into two categories: funding and financing. Funding refers to the upfront cash flow used before construction to cover expenses such as studies, feasibility analyses, and environmental impact assessments, as well as the post-construction cash flow needed for operation and maintenance of the infrastructure. Financing, on the other hand, is defined as “the investment capital required to acquire land corridors, and to design, construct, and put into operation the associated infrastructure systems.” In most HSR projects, the financing portion represents the largest financial requirement. To […]
As of the end of 2020, there had been 20 countries in the world having high-speed rail (HSR) networks totaling 58,839 kilometers. Excluding China, only three of these countries had HSR lines exceeding 1,500 kilometers in length. If Vietnam were to invest in and complete its entire HSR system, it would join the top five countries with the longest high-speed rail networks in the world—twice the length of the United States’ HSR system. But the crucial question remains how Vietnam can mobilize nearly US$70 billion, and which model should it adopt to invest in such a system. Models of capital mobilization and contracts for HSR deployment When discussing HSR financing, international studies typically divide financial resources into two categories: funding and financing. Funding refers to the upfront cash flow used before construction to cover expenses such as studies, feasibility analyses, and environmental impact assessments, as well as the post-construction cash flow needed for operation and maintenance of the infrastructure. Financing, on the other hand, is defined as “the investment capital required to acquire land corridors, and to design, construct, and put into operation the associated infrastructure systems.” In most HSR projects, the financing portion represents the largest financial requirement. To […]
HCMC - Major French corporations have expressed interest in developing nuclear power and high-speed rail projects in Vietnam, and in expanding cooperation in the...
Spain is willing to cooperate with Vietnam on high-speed rail development and share its expertise in the field, Spanish Prime Minister Pedro Sánchez told...
Several South Korean companies have expressed interest in Vietnam’s North-South high-speed railway and nuclear power projects, said Ko Tae Yeon, chairman of the Korean...
HCMC – Several South Korean companies have expressed interest in Vietnam’s North-South high-speed railway and nuclear power projects, said Ko Tae Yeon, chairman of...
Vietnam plans to start work on the North-South high-speed railway by late 2027, with the Ministry of Transport moving forward on investment approvals, contractor...
HCMC – The National Assembly has approved a landmark plan to invest VND1.7 quadrillion in a high-speed railway linking the country's two biggest cities,...