CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Construction
Hanoi proposes a special mechanism to build three urban railways
Trung Kien 11:14, 2018/04/10
Hanoi has proposed the Prime Minister to invest in three priority urban railway with a total investment of VND 125,614 billion.
 
Hanoi proposes a special mechanism to build three urban railways
Hanoi proposes a special mechanism to build three urban railways
Specifically, the Hanoi People's Committee has requested the Prime Minister to report to the Standing Committee of the National Assembly allowing the city to reallocate all surplus amounts and revenues from equitization to invest in three urban railway projects. 

The City People's Committee proposes the Prime Minister to keep the budget structure as 2017, stabilize the urban budget rate (the Hanoi portion is 35% in the 2021-2025 period) and allow regulation for savings from regular expenditures to invest only in the construction of urban railways. 

Chairman of Hanoi People's Committee Nguyen Duc Chung wants to save over 100% of the city's financial reserves to develop the urban railway system.

Leader of the People's Committee Hanoi has also asked the Prime Minister to allow auction of public assets, including state-owned special purpose houses after centralized arrangement in two administrative areas (Vo Chi Cong, Van Ho); auctioning land use rights to accrue capital for urban railway projects.

Hanoi has proposed to combine the PPP investment model with a portion of budget capital, not ODA to build urban railways.

Hanoi Urban Railway is a public railway system that exists in the inner city area of ​​Hanoi. This network consists of 8 lines with a total length of about 318 km. Under this project, Hanoi will have 8 urban railway lines and one branch. 
Comments
Other news
22:20, 2024/12/27
Hanoi to rent nearly 900 sidewalks next year
The number of streets approved by the city's authorities for on-street parking is 234 as of December 16, 2024.
15:13, 2024/12/27
Quoc Oai District breaks ground on industrial clusters
The industrial clusters have a total investment of US$35.7 million.
11:03, 2024/12/23
Stronger decentralization key to Hanoi's urban railway ambitions
With transformative policies that include amendments to the Capital Law and specific proposals for urban rail projects, Hanoi is committed to achieving its intended goals for urban rail development.
23:20, 2024/12/14
Prime Minister urges acceleration of social housing projects
Hanoi focuses on expediting housing projects, overcoming administrative hurdles, and promoting collaboration between public and private sectors to meet the increasing demand for affordable housing.
15:23, 2024/12/12
Hanoi Forum explores innovative solutions for sustainable urban development
The forum, hosted by the Economic & Urban Newspaper, is designed to inspire innovative ideas and solutions and foster collaboration for a sustainable urban future.
15:44, 2024/12/10
Prime Minister urges Chinese companies to collaborate on infrastructure projects
Trade between Vietnam and China has quadrupled in the last decade.