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HCMC Borrows VND 6,200 Billion To Build Ben Thanh – Tan Kien Metro

Metro Ben Thanh - Tan Kien

Metro 3a – Ben Thanh to Tan Kien is nearly 20 km long, with a total investment of about 6200 billion, from ODA loans.

On December 20, HCM City People’s Committee has just proposed to propose the Ministry of Planning and Investment to select proposals for construction of urban railway No. 3a – Ben Thanh to Tan Kien to submit to the Government for using ODA. The sponsor is the Government of Japan.

The metro 3a is nearly 20 km long with the total investment of over VND 6,200 billion, divided into two phases. The first stage is built in front of the Ben Thanh – Western Bus Station with a total length of 9.7 km, costing over $1.8 billion, and the second phase of constructing the Western Bus Station – Tan Kien is 10 km longer. with most of it going high with a budget of about $ 1 billion.

The project has directions: Ben Thanh – Pham Ngu Lao – Cong Hoa junction – Hung Vuong – Hong Bang – Kinh Duong Vuong – Depot Tan Kien – Tan Kien station. Metro 3a is also a long-term study link with Tan An City of Long An Province at Tan Kien Station, Binh Chanh District.

Metro Ben Thanh - Tan Kien
Metro 3a will depart from Ben Thanh to Tan Kien

According to the HCM City People’s Committee, the investment in metro lines to build modern public transport network, safe and have great transport capacity, meeting people’s travel demands, contributing to the settlement of congestion. Traffic, traffic accident and environmental pollution in Ho Chi Minh City.

Metro 3a is also connected to the metro line 1, which will form a central urban railway, connecting Suoi Tien Bus Station in District 9 with Ben Thanh and Western Bus Stations, providing passengers with convenience and lifting. High-efficiency investment for urban railway No. 1 Ben Thanh – Suoi Tien.

At the same time, this urban railway also connects three major passenger transport centers of Ho Chi Minh City: New Mien Dong Bus Station – Ben Thanh – Western Bus Station when the lines are invested finish.

Under the plan approved by the Government, HCMC will have eight metro lines. Of which, Route 1 is Ben Thanh – Suoi Tien with a length of 20 km, expected to extend to Binh Duong and Dong Nai.

Route 2: Thu Thiem – Urban area northwest of Cu Chi about 48 km but will do before the Ben Thanh – Tham Luong. Route 3A: Ben Thanh – Tan Kien is about 20 km long. Route 3B: The junction of the six communes – Hiep Binh Phuoc is longer than 12 km.

Route 4A: Ben Cat Bridge – Hiep Phuoc urban area 36 km long. Route 4B: Gia Dinh Park Station – Cha Ca Mausoleum Station is 5.2 km long. Route No.5: Sai Gon Bridge – Can Giuoc Bus Station is about 17 km long. Route 6: Ba Queo – Phu Lam is more than 6 km long.

In addition, Ho Chi Minh City has three terrestrial or monorail trains. At present, the metro line 1 is being developed and expected to be completed in 2020.

In eight metro lines, there were three routes being capitalized at over 60 trillion dongs. Specifically, the metro route No. 1 has total investment approved in 2007 about 17,300 billion. After that, the total investment of this project was adjusted to over 47.3 trillion dongs.

Metro Ben Thanh - Tan Kien
illustration

The metro line 2 with total investment approved in 2010 is over 26,100 billion. Up to now, the total investment of the project has been about 40,000 billion VND, increasing by VND 14,000 billion.

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The metro route 5, phase 1 is nearly 9 km long when the ODA portfolio is estimated at only 833 million euros. However, up to now, the total investment of this project is estimated at over 1.5 billion euros.

According to the HCM City Railways Management Board, due to inexperienced developers, project consultants, and in-country verification consultants, the calculation is not realistic.

The cost of construction, site clearance, project management calculated in accordance with domestic regulations should be very low. At the same time, due to delayed projects, the impact of inflation, inflation.

Calculating, the investment capital of 1 km of the metro lines in Ho Chi Minh City includes: Route 1 is $93.9 million / km, Route 2 is $130.8 million / km and Route 5 is $117, 5 million / km.

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HCMC Borrows VND 6,200 Billion To Build Ben Thanh – Tan Kien Metro
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