The Prime Minister has just signed a decision to set up the State Appraisal Council to evaluate the study report on pre-feasibility of the investment project for the construction of HCM City’s urban railway, Metro line number 5 of the first phase- the region of Bay Hien crossroads – Saigon bridge.
Accordingly, the Minister of Planning and Investment was appointed to Chairman of the Appraisal Council. Deputy Minister of Planning and Investment Ministry is appointed as Vice Chairman of the Council.
The members of the Appraisal Council are leaders of the Office of the Government, the Ministry of Transport, the Ministry of Finance, the Ministry of Construction, the Ministry of Natural Resources and Environment, the Ministry of Defense, the Ministry of Public Security and the Ministry of Science and Technology, the Ministry of Foreign Affairs, the Ministry of Justice, the Ministry of Culture, Sports and Tourism, the Ministry of Information and Communications, the State Bank of Vietnam and the People’s Committee of Ho Chi Minh City. The standing body of the Council is the Ministry of Planning and Investment.
Under the Prime Minister’s decision, the responsibilities and powers of the Council, the Chairman, Vice Chairman of the Council, the members of the Council, the standing body of the Council and the inter-branch appraisal expert group shall implement according to the provisions of the Decree No. 131/2015 of the Government guiding the project of national importance.
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The project of metro line No.5 of the first phase has a length of 8.9 km, of which 7,458 km is underground, 1,433 km is above, the total investment after being adjusted is 41,615 billion dong, equivalent to 1.563 billion euros, in which 275 million Euros is lent from the Government of Spanish, 475 million Euro from the Asian Development Bank, 200 million euros from the German Development Bank, 150 million euro from European Investment Bank, 462.71 million euros from counterpart funds from the city budget.
It is expected that the metro line Number 5 will be put into operation in 2025, including 6 trains. The exploitation speed is about 36.7 km/hour and the maximum speed is 90 km/hour. The operation mode of the train is automatic using wireless communication networks and automated ticketing system using smart cards.
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