Hanoi calls for investment on 10 metro lines

Hanoi calls for investment on 10 metro lines Hanoi’s authorities have submitted a plan to the prime minister calling for USD40bn in ODA investment and proposals on how to implement 10 metro projects. illustrative image In accordance with the city transportation planning to 2030 with a view to 2050, Hanoi will have 10 metro lines that are 417.8km long and include both underground and elevated sections. The projects are estimated to cost USD7.55bn for the 2017-2020 period, USD3.56bn for 2026-2030 period and USD21.32bn for 2031 onward. The Ngoc Hoi-Yen Vien and Cat Linh-Ha Dong routes are invested by the Ministry of Transport. The remaining Nam Thang Long-Tran Hung Dao and Nhon-Hanoi Railway Station lines are invested in by the Hanoi authorities and are under construction. The proposal includes two options. First, they want the prime minister to prioritise the projects in the 2017-2025 period when allocating ODA funding. The second option is to prioritise Noi Bai-Thuong Dinh-Buoi and Troi-Nhon-Yen So routes. Both urban railway projects need USD2.34bn and have attracted the interest of the Japanese government, ADB Bank and several investors. Vingroup, Xuan Thanh Group, Lung Lo 5 JSC, Tan Hoang Minh Company, Russia’s OJSC Mosmetrostroy, a Licogi- MIK joint venture and South Korea’s Lotte have registered to invest the metro projects. Based on the prime ministerial directives, Hanoi authorities will ask investors to quickly complete the pre-feasibility report. Hanoi People’s Committee wants to have the authority to select investors for metro lines 2, 3 and 5. About 6,000 hectares… [Read full story]

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