Hanoi needs 65.4 trillion VND for metro line No. 5
Hanoi aims to mobilise 65.4 trillion VND (2.82 billion USD) for the metro line No. 5 connecting Van Cao and Hoa Lac, scheduled to be put into operation in 2026, according to the municipal People’s Committee.
The total route will run 38.43km, with a 6.5km underground section and 2km of elevated rails. (Photo: baodautu.vn)
Hanoi (VNA) – Hanoi aims tomobilise 65.4 trillion VND (2.82 billion USD) for the metro line No. 5connecting Van Cao and Hoa Lac, scheduled to be put into operation in 2026,according to the municipal People’s Committee.
The municipal People’s Committee has sentits recommendations regarding the pre-feasibility study report for the projectto the Ministry of Planning and Investment.
It also suggested adjusting the structureof capital sources for the metro line, with 15 trillion VND to be sourced frompublic investment and savings during the 2021-2025 period, 10-12 trillion VNDfrom the equitisation and capital divestment of enterprises, 15 trillion VNDfrom property auction, 10 trillion VND worth of bonds, and the remainder fromloans.
The investment mobilisation for theentire route will be carried out in one phase only, instead of two phases asinitially scheduled.
The total route willrun 38.43km, with a 6.5km underground section and 2km ofelevated rails. It will have 21 stations with six underground.
This will help passengers move quicklyand conveniently from the suburbs to the city centre and reduce urban trafficdensity while improving travel conditions./.
Chairman of the Hanoi People’s Committee Chu Ngoc Anh appreciated the Asian Development Bank (ADB)’s support in the capital city’s infrastructure development over recent years while hosting ADB Country Director in Vietnam Andrew Jeffries on November 4.
The Management Authority for Urban Railways of Ho Chi Minh City (MAUR) and contractors kicked off work on power supply for the southern economic hub’s first metro line project on February 19, which has now seen 82 percent of works completed.
Ho Chi Minh City wants to attract more private investment instead of relying on official development assistance (ODA) to build its remaining metro lines, but experts have said that it faces a difficult challenge.
Ho Chi Minh City plans to conduct a test run of the elevated section of metro line No.1 connecting Ben Thanh and Suoi Tien in late 2021 and commercially operate the whole system in 2022.
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The total route will run 38.43km, with a 6.5km underground section and 2km of elevated rails. (Photo: baodautu.vn) 
