Hanoi proposes investing 2.81 billion USD in new urban metro line
The People’s Committee of Hanoi has asked the Government to give a final decision on the project for building 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.
The train design for Hanoi's metro line No3 connecting between Hanoi Railway Station to Hoang Mai district and line No 5 from Van Cao to Hoa Lạc. (Photo: nhandan)
Hanoi (VNA) – The People’s Committee of Hanoi has asked the Government to give a final decision on the project for building urbanmetro line No. 5 from Van Cao Road to Hoa Lac Road so the project can be submitted to theNational Assembly for approval by the end of this year.
The new metroline is among the two key metro projects of the capital city.It has the total estimated funding of over 65.4 trillion VND (around 2.81 billion USD).
The totalroute is more than 38km, with a 6.5km underground section and 2km of elevatedtrack. It will have 21 stations, with six underground. The project is scheduledto start in 2022 and be completed in 2026.
The projectaims to reduce urban traffic density and improve travel conditionsfor passengers from the suburbs to the city centre.
The city hasproposed getting the funding from the city budget and running the project inthe PDP (project delivery partner) mode instead of the BT (build-transfer)investment model as previously.
To implementthe project soon, the municipal People’sCommittee has proposed Prime Minister Nguyen XuanPhuc establish a State appraisal council to conduct thepre-feasibility study report for the project before submitting it to theNational Assembly for approval by the end of this year.
The urbanmetro line No. 5 will pass through seven districts, including Ba Dinh, Dong Da, CauGiay, Nam Tu Liem,Hoai Duc, QuocOai and Thach That.
Out of thetotal investment, 24.84 trillion VNDwill bespent for the infrastructure construction and 16.63 trillion VND for the equipment.
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The train design for Hanoi's metro line No3 connecting between Hanoi Railway Station to Hoang Mai district and line No 5 from Van Cao to Hoa Lạc. (Photo: nhandan) 
