Tuesday, December 6 2016

VietNamNews

New City metro line needs $2b

Update: October, 22/2016 - 09:00
Work at the first metro line stretching 19.6 km from Bến Thành – Suối Tiên in HCM City. The Urban Railway Management Board has submitted a construction investment project for the fifth metro line to the HCM City People’s Committee. The fifth metro line will connect with the first metro line at Sài Gòn Bridge. — VNA/VNS Photo Mạnh Linh
Viet Nam News

HCM City – The Urban Railway Management Board has submitted a construction investment project for the fifth metro line to the HCM City People’s Committee.

This first construction phase of the fifth line project will run from Tân Bình District’s Bảy Hiền crossroads to Bình Thạnh District’s Sài Gòn Bridge at a cost of VNĐ 41 trillion (US$1.84 billion), the board said on Thursday.

It would be 8.9 km long, with 7.5 km underground, and 1.4 km of flyovers, it added.

The fifth metro line will connect with the first metro line at Sài Gòn Bridge and the second line at Bảy Hiền crossroads.

In the next construction phase, the metro line would connect with the 3B metro line at Bình Thạnh District’s Hàng Xanh crossroads and the fourth metro line at Phú Nhuận District’s Phú Nhuận intersection.

It is expected that the fifth metro line will operate by 2025 with six trains at a normal speed of around 37 km/hour and maximum speed of 90km/hour.

The train will be automatically operated without drivers. Passengers will use smart cards to buy tickets at automatic counters.

Sponsors have pledged to provide enough capital for construction. The Spanish Government will donate over VNĐ7 trillion ($315 million), Asian Development Bank over VNĐ12 trillion ($540 million), European Investment Bank VNĐ4 trillion ($180 million), and the German Reconstruction Bank (KfW) VNĐ5 trillion ($224 million). The rest will come from the Vietnamese Government. - VNS

 

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