The Urban Railway No.3 project in Hanoi will provide an additional € 143 million for the construction and procurement of new trams from the European Investment Bank (EIB).
According to the Delegation of the European Union to Vietnam, the European Investment Bank (EIB), a European Union bank, will provide 143 million euros for the project to build metro Nhon – Ha Noi station for this line.
Jonathan Taylor, EIB’s vice president for Asia, said the loan for the Hanoi urban railway would contribute to reducing traffic congestion and pollution in the city. Earlier, EIB also provided more than € 710 million for investment in Vietnam since 1998.
The Nhon – Hanoi Railway Station is owned by the Hanoi Railway Administration (Hanoi People ‘s Committee). The route has a total length of 12.5 km (8.5 km in elevation and 4.5 km in undercarriage), was started in October 10, 2010 and is expected to be completed in 2021.
The project is funded by the Asian Development Bank (ADB), the French Development Agency (AFD), the European Investment Bank (BEI) and the French Government (DGT) is € 783 million. In 2013, the total investment is adjusted up to € 1,176 billion. After that, the project continued to add about € 400 million.
The railroad is designed to have a track width of 1,435 meters, average speed of 37km / h, and maximum speed of 80km / h. The car is designed with 4 carriages, each carries 20m, can transport more than 900 passengers.
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