Hanoi: Prime Minister Pham Minh Chinh on January 31 directed relevant agencies to consider all three investment models-state-funded, private, and public-private partnership (PPP)-for the North-South high-speed railway, while chairing the sixth meeting of the Steering Committee for national key railway projects.

According to Vietnam News Agency, the Prime Minister emphasized the importance of evaluating each investment model thoroughly to determine the most effective approach for the railway's development. The North-South high-speed railway is considered a critical infrastructure project aimed at enhancing connectivity and boosting economic growth in the region. The discussion at the meeting focused on ensuring that the chosen investment model aligns with the project's long-term goals and financial sustainability.

The Steering Committee for national key railway projects has been tasked with conducting comprehensive studies on the feasibility and potential impacts of each model. This includes assessing the financial implications, potential risks, and benefits associated with state-funded, private, and PPP approaches. The Prime Minister's directive underscores the government's commitment to advancing the North-South high-speed railway in a manner that maximizes efficiency and effectiveness.

The meeting also highlighted the need for close collaboration among various stakeholders, including government agencies and potential investors, to facilitate the project's progress. The Prime Minister called for transparent and clear guidelines to be established for any investment model selected, ensuring accountability and fostering investor confidence in the project's success.