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Vietnam invests in Hanoi Urban Railway PPP; approves two metro lines [free access]

July 5, 2017

The People's Council of Vietnam has announced plans to invest USD3.8 billion for four Hanoi Urban Railway lines during the period 2017-2020.  The four lines include Ga Hanoi-Hoang Mai, Tran Hung Dao-Thuong Dinh (Line 2), South Thang Long-Hanoi (Line 5) and Van Cao-Hoa Lac. These projects will be built on a public-private partnership (PPP) basis.

 

Hanoi plans to develop an urban rail network of more than 417 km. The government has planned investment for different periods – USD7.5 billion in 2017-20, USD7.6 billion in 2021-25, more than USD3.5 billion in 2026-30 and more than USD21.3 billion after 2031.

 

Further, two new metro lines have been approved by the Government of Hanoi. One line will span from Tran Hung Dao Street in Hoan Kiem District to Thuong Dinh Street in Thanh Xuan. It will be developed in two stages. Section 1 will span 11.5 km from Nam Thang Long to Tran Hung Dao. It will be developed at an investment of USD854.34 million and be funded by the Japan International Co-operation Agency (JICA). Construction is expected to begin in the third quarter of 2018 and be completed by 2024. The other line is proposed to be developed between Hanoi Station and Hoang Mai District.