Home / Hanoinews
Hanoi proposes another metro line project worth US$2.8 billion
Anh Kiet 08:33, 2020/09/22
This is one of the eight metro projects Hanoi plans until 2030 to improve the city's public transportation system.

Hanoi has submitted a pre-feasibility report on a VND65 trillion (US$2.8 billion) metro line project linking Van Cao street and the Hoa Lac High-tech Park, Kinh Te & Do Thi reported.

In the appraisal of the Metro Line 5 pre-feasibility study report, Hanoi authorities suggested setting up a national appraisal council to review it before submitting the report to the National Assembly in late 2020.

 Hanoi's first metro line, Cat Linh - Ha Dong. Photo: Internet

This is one of the eight metro lines Hanoi plans to build until 2030 to improve the city's public transportation system and ease traffic congestion.

Spanning 6.5km underground and 2km elevated, Metro Line 5 will run through seven districts. After running underground through Van Cao, Lieu Giai and Nguyen Chi Thanh streets, it will start running on surface in Thang Long boulevard. An elevated section will be built above Le Quang Dao street.

Of the total of 21 stations, six are located underground and 15 elevated with a rolling stock of 25 to 40 trains of four to six carriages each and running at speeds of 120 km/h above ground and 90 km/h underground.

Of the estimated cost of over VND65 trillion (US$2.8 billion), VND24.8 trillion (US$1 billion) will be construction cost and VND16.6 trillion (US$713 million) will be used to buy equipment.

In terms of funding sources, VND15 trillion (US$646 million) is sourced from the city's budget, some VND18 trillion (US$773 million) will be funded with proceeds of divestment from state-owned enterprises, VND10 trillion (US$430 million) from government bonds and the rest from loans.

Construction on the metro line is scheduled to start in 2022, and the line will be put into operation in 2026.

Currently, two metro projects in Hanoi, Cat Linh-Ha Dong and Nhon-Hanoi Railway Station, are almost complete. The Cat Linh – Ha Dong line is in the final safety assessment stage, although no deadline has been set for commercial operation. Test run for the second line is scheduled for the end of 2020. However, travel restrictions caused by the Covid-19 have prevented foreign experts from entering Vietnam, affecting the progress of both metro railway projects.

TAG: invest US$2.8 billion. Metro Line 5 project public transportation system.
Other news
15:58, 2020/58/24
“Made in Vietnam” goods week launched in Hanoi
The “Made in Vietnam” goods week is expected to stimulate domestic consumption of local products in the campaign “Vietnamese buy Vietnamese goods.”
15:41, 2020/41/24
Hanoi targets speedy construction of Nam Son waste treatment plant
The plant is expected to become fully operational in 2021, Vice Chairman of the Hanoi People’s Committee Nguyen The Hung has said.
07:29, 2020/29/23
120 businesses in Hanoi and provinces join Vietnamese Goods Fair 2020
The fair aims at stimulating consumption and promoting the campaign “Vietnamese people buy Vietnamese goods”.
07:26, 2020/26/23
Hanoi residents must wear face masks in public places, crowded events: Official
Authorities will supervise the compliance of masking rules at crowded events, shopping malls, and supermarkets in Hanoi.
07:12, 2020/12/23
Hanoi, Foreign Ministry partner to enhance city's position and image
The Vietnamese Ministry of Foreign Affairs will strengthen cooperation with Hanoi to continue enhancing the position and image of the capital.
16:57, 2020/57/21
Kinh te & Do thi calls for support for victims of historic flooding in central Vietnam
The Kinh te & Do thi newspaper calls on benefactors to support the poor and flood victims in Vietnam's central region.