by the Ministry of Transport

by the Ministry of Transport, the state budget would need to cover about 22 per cent of the total cost, or approximately US$16 billion. This proportion suggests that the project would not, at least on paper, exceed the government’s fiscal capability. The ongoing Long Thanh Airport project, which costs US$19 billion follows a similar financing model, and provides a useful precedent as the government proceeds with the North-South HSR project However, concerns about economic efficiency persist. Vietnamese experts are sceptical about the project’s cost-effectiveness, particularly given that the current proposal includes ufabet