Viet Nam News
HÀ NỘI — Hà Nội will invest in 10 urban railway routes from now until 2030 with total funds of more than US$40 billion.
The urban railway routes will be more than 417km in length.
The new routes are one of the projects under the capital city’s transport scheme until 2030 with a vision towards 2050, which has been approved by Prime Minister Nguyễn Xuân Phúc.
The investment capital will be disbursed among different periods. The 2017-20 period will need some $7.5 billion and the 2021-25 period will need some $7.6 billion. More than $3.5 billion will be spent on the 2026-30 period and over $21.3 billion will be spent on the period after 2031.
At present, Hà Nội has four urban railway routes, of which two – Ngọc Hồi-Yên Viên and Cát Linh-Hà Đông – are invested by the Ministry of Transport. The remaining two – Nam Thăng Long-Trần Hưng Đạo and Nhổn-Hà Nội Railway Station – are invested by the Hà Nội authorities and are under construction.
To speed up investment and completion of the urban railway routes, the Hà Nội People’s Committee has proposed two options to Prime Minister Phúc.
Under the first option, the Government will use the official development assistance (ODA) fund for projects under the 2017-25 period and following years.
Under the second option, the Government will use the ODA fund to execute the two urban railway routes of Trần Hưng Đạo-Thượng Đình and Hà Nội Railway Station-Yên Sở. The Hà Nội People’s Committee said the Japanese government, the Asian Development Bank and several other investors are keen to sponsor the two projects. Hà Nội has pledged to allocate corresponding funds to implement the two projects. For the remaining projects, Hà Nội will invest under a public-private partnership.
Leaders of the municipal People’s Committee said, so far, five domestic investors and two international investors have registered to invest in the urban railway routes.
Hà Nội has proposed that the investors spend funds on research documents, ground clearance, underground trench digging, and building stations, flyovers and rails. The Hà Nội People’s Committee will invest in other areas, including locomotives, railroad cars and security software. — VNS