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 / Hanoinews
Hanoi to make changes to metro line development plan
Huy Anh 11:08, 2024/06/24
A new metro construction plan will be presented to city councilors for discussion next month.

The Hanoi People's Committee has proposed several changes to a master plan to build a (transit-oriented developmentTOD-based metro line by 2045.

 A stretch of the Nhon-Hanoi Station metro line. Photo: The Hanoi Times

Major changes will be made to the city's "1 Plan, 3 Phases" program. In the first phase (2024-2030), Hanoi plans to build nearly 97 km of metro lines (24% of the master plan progress) for US$14.6 billion.

In the original plan, the capital is expected to spend about $16.2 billion on the first phase.

In 2021-2035, Hanoi aims to complete the construction of 301 km of metro lines for about $22.6 billion, slightly higher than originally conceived.

After 2035, the capital city will allocate more than $18 billion to complete the master plan for developing metro lines. This figure remains unchanged from the original plan.

The main funding for Hanoi's metro projects comes from the State budget, G-bond issues, ODA loans, and others.

The capital needs a total of $55.4 billion to build all 14 planned metro lines of 600 km between now and 2045, a figure unchanged from the original plan seen in early May 2024.

In 2026-2035, the capital will need about $8.6 billion in funding from the state budget. After 2035, the city will finance the plan from its own coffers.

According to the plan, private investors will participate in metro projects. They may be allowed to operate part of the facilities and develop business activities in the stations to get a return on their investment.

The city authorities will launch a competitive bidding process for the selection of the private contractors who will be in charge of the purchase of the rolling stock.

Hanoi proposed four regulations on urban planning, four on land requisition, resettlement, and compensation, four on financing, eight on project development and management, and one on technical and technological standards to facilitate the execution of metro line projects.

The plan will be discussed at the 17th meeting of the Hanoi People's Council on July 1-5.

Hanoi officially launched its first metro line, the Cat Linh-Ha Dong project, at the end of 2021 after construction began in October 2011.

The second, the Nhon-Hanoi Station project, is nearing completion and is scheduled to be tested at the end of this year. The project started in 2010.

RELATED NEWS
TAG: hanoi things to know Hanoi metro lines Hanoi mass transportation
Other news
16:37, 2024/07/20
Party Chief Trong's enduring love for Hanoi and its people
Born and raised in Hanoi, a city steeped in cultural traditions that embody the essence of the nation, he holds a special affection for the city and its people, nurturing a profound passion for preserving invaluable cultural treasures.
20:52, 2024/07/19
Ba Dinh District launches environmental clean-up in riverine communities
This activity shows the determination of the capital's residents to keep the environment clean.
17:34, 2024/07/19
Hanoi enhances fire prevention responsibilities among public institutions
Households and home-based businesses are encouraged to install early fire warning systems, arm themselves with firefighting tools, and build fire exits to ensure safety and swift response in case of a fire.
15:38, 2024/07/19
Hanoi earmarks over US$30 million to construct underpass at Co Linh intersection
The project will facilitate connectivity of surrounding roads, gradually enhancing the transport infrastructure system, and relieving environmental pollution.
23:21, 2024/07/18
Vietnam sparks patriotism in youth through creative communication
The Vietnamese government is using creative communication methods to connect with younger generations and boost patriotism.
20:17, 2024/07/18
Hanoi 2045 planning outlines clear vision for its urban spaces
Hanoi's updated General Planning until 2045, with a vision to 2065, has given a solid shape to the city’s development orientations, particularly its urban spaces.