According to statistics of Hanoi Metro, in the first quarter of 2023, the urban railway line 2A Cát Linh - Hà Đông transported more than 2.65 million passengers, an increase of 262 per cent over the same period in 2022. VNA/VNS Photo Tuấn Anh

HÀ NỘI ­­— Hanoi Metro, the Cát Linh - Hà Đông elevated railway’s operator, reported a profit of nearly VNĐ97 billion (US$4.1 million) in 2022.

According to its audited financial report, in 2022, Hanoi Railway One Member Limited Liability Company (Hanoi Metro) achieved total revenue of sales and service provision of VNĐ483 billion, increasing seven times in comparison to 2021. In which, ticket sales surged nearly 12.5 times to VNĐ65.8 billion, and subsidy increased 6.6 times to VNĐ417 billion.

After deducting all expenses, this business made a pre-tax profit of VNĐ96.8 billion last year. As a result, Hanoi Metro's accumulated loss by the end of December 31, 2022 decreased, to only VNĐ36.8 billion.

Like public passenger transport by bus, the urban railway’s price is decided by the city (with tickets sold at low prices thanks to subsidies) to encourage people to use it in order to gradually reduce personal transportation usage and traffic congestion, and environmental pollution.

According to statistics of Hanoi Metro, in the first quarter of 2023, the urban railway line 2A Cát Linh - Hà Đông transported more than 2.65 million passengers, an increase of 262 per cent over the same period in 2022.

Particularly in the five days of the April 30 holiday, this metro line operated 1,018 trains, serving a total of 168,529 passengers.

The Cát Linh - Hà Đông urban railway line is 13km long and has 12 stations. Each group consists of four carriages, with a maximum capacity of 960 people per group, maximum speed of 80 km/h, operating speed of 35 km/h. It takes 23 minutes for the train to travel the whole route. — VNS