Hanoi proposes investing US$2.81 billion in new urban metro line
The People’s Committee of Hanoi has asked the Government to give a final decision on a project to build urban metro line No. 5 from Van Cao Road to Hoa Lac Road so the project can be submitted to the National Assembly for approval by the end of this year.
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The train design for Hanoi's metro line No 3 connecting Hanoi Railway Station to Hoang Mai district and line No 5 from Van Cao to Hoa Lac. (Photo: nhandan)
The new metro line is among the two key metro projects of the capital city. It has the total estimated funding of over VND65.4 trillion (around US$2.81 billion).
The total route is more than 38km, with a 6.5km underground section and 2km of elevated track. It will have 21 stations, with six underground. The project is scheduled to start in 2022 and be completed in 2026.
The project aims to reduce urban traffic density and improve travel conditions for passengers from the suburbs to the city centre.
The city has proposed getting the funding from the city budget and running the project in the PDP (project delivery partner) mode instead of the BT (build-transfer) investment model as previously.
To implement the project soon, the municipal People’s Committee has proposed Prime Minister Nguyen Xuan Phuc establish a State appraisal council to conduct the pre-feasibility study on the project before submitting it to the National Assembly for approval by the end of this year.
The urban metro line No. 5 will pass through seven districts, including Ba Dinh, Dong Da, Cau Giay, Nam Tu Liem, Hoai Duc, Quoc Oai and Thach That.
Out of the total investment, VND24.84 trillion will be spent for the infrastructure construction and VND16.63 trillion for the equipment.
Hanoi plans to operate 25-40 trains on the line.
