Ho Chi Minh Seeks Capital To Build Metro And Improve Infreastructure

Ho Chi Minh City wants JICA to support the project to improve the water environment of Tau Hu-Ben Nghe – Duoi canal – Te canal in phase  3 and build other metro lines.

HCMC People’s Committee has a meeting with Japan International Cooperation Agency – JICA. Ho Chi Minh City has asked JICA to give priority to ODA loans to implement the project to improve the water environment of Tau Hu – Ben Nghe – Duoi canal – Te canal in phase 3.

Financing the second phase of technical assistance project for research and operation of Ben Thanh – Suoi Tien metro line. Support to study the investment project to build urban railway No. 3a, phase 2 from Western Bus Station to Tan Kien and line 3b from Cong Hoa crossroad to Hiep Binh Phuoc.

Research funding before the project to extend the urban railway No. 1, Ben Thanh – Suoi Tien route to Dong Nai province and Binh Duong province. Support the introduction of HCMC urban railway projects to Japanese companies to encourage participation in the project package and expand opportunities for public-private partnership development.

Supporting the implementation of training, technology transfer and technology transfer projects, sharing experiences for the metro operating centers as well as the Saigon River Tunnel Operation Center for efficient, safe for the people and quality of life of the works.

It is expected that the metro line 1 will be put into operation in 2020

Ho Chi Minh City People’s Committee also instructed the Urban Railways Management Board to coordinate with the concerned agencies and units to finalize the Pre-Feasibility Study Report of the Ben Thanh-Tan urban railway project No. 3a. To submit to the Prime Minister and the National Assembly for consideration and decision in 2017.

For the third phase of the Ho Chi Minh City Water Environment Improvement Project, the Urban Transport Work Construction Investment Management Board was assigned to carry out the work that was committed to JICA on schedule.

Earlier, the HCM City People’s Committee also requested the Korea Export-Import Bank to accelerate the legal procedures for the technical assistance to make a feasibility study for the 4b-1 metro line project, Tan Son Airport The most implemented on schedule in the I-2017.

To supplement ODA capital and support HCM City to seek preferential loans from other credit institutions such as the Asian Development Bank and the World Bank to implement the entire metro line project.

At the same time, consider a technical assistance to carry out the pre-feasibility study and feasibility study of the metro 4 project right in the first quarter of 2017.

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

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Line 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.

Line 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. Line No.5: Sai Gon Bridge – Can Giuoc Bus Station is about 17 km long. Route 6: Ba Queo – Phu Lam round more than 6 km.

Transport infrastructure in the East of Ho Chi Minh City on a perfect.

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 VND60 trillion. Specifically, the metro route No. 1 has total investment approved in 2007 about VND17,300 billion. After that, the total investment of this project was adjusted to over VND47.3 trillion.

The metro line 2 with total investment approved in 2010 is over VND26,100 billion. Up to now, the total investment of the project has been about VND40,000 billion, increasing by VND 14,000 billion.

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.

Through calculating, the investment capital of 1 km of the metro lines in Ho Chi Minh City includes: Line 1 is $ 93.9 million / km, line 2 is $ 130.8 million / km and line 5 is 117, USD 5 million / km.

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