HCMC’s first metro line project nearly 92% complete
Nearly 92% of work on Ho Chi Minh City’s first metro line, Ben Thanh-Suoi Tien, has been completed so far, with efforts to put the line into commercial operation by the end of 2023.
Specifically, the package on Ben Thanh central station and the tunnel section is nearly 97% complete, the HCMC Opera House-Ba Son Station section package 99.64%, the package on elevated section and Long Binh Depot 95.87%, and that on procurement of equipment and supplies 82.26%, according to the HCMC Management Authority for Urban Railways (MAUR).
By year-end, trial runs will continue to be conducted at Long Binh depot, and then along the entire line.
In late August, the MAUR test run Long Binh depot’s railway W1 in Thu Duc city, marking a new milestone in the implementation of the project.
Despite the impact of Covid-19 over the past two years, the MAUR has closely coordinated with contractors in the construction of the railway and overhead power systems, as well as importing 17 trains to Vietnam.
Hitachi, the main contractor, overseeing the CP3 package, will continue to complete the remaining items including signals, telecommunications and optical camera communications equipment to perform a test run for the entire line.
All 17 trains will be tested first at the depot to ensure they are eligible to operate on the entire line. At the end of this year, the trains will be tested on a four kilometer elevated section from Long Binh Depot to Suoi Tien Station in Thu Duc city.
Earlier on July 27, during inspection of HCMC’s first metro line, Prime Minister Pham Minh Chinh requested relevant parties to soon complete the remaining work. Ministries, sectors and agencies were required to join hands in solving specific difficulties and problems.
He asked the municipal People's Committee to study and expand the underground space at the stations, especially Ben Thanh Station where four metro lines will be connected as planned, to avoid congestion.
The government leader also proposed Japan International Cooperation Agency (JICA) continue to fund other city metro lines based on its experience in implementation of the first .
The Metro Line 1 project started in 2012 and was initially scheduled for completion in late 2021 to run commercially in 2022. However, delays hit due to the pandemic, along with procedural problems.
The 19.7-kilometer line, running between Districts 1 and 9, has three underground stations and 11 elevated ones. It had an initial investment of roughly VND17,388 billion ($757 million), which was later increased to $1.9 billion.
The metro line saw the first train arrive in October 2020. Up till now, all 17 trains have been delivered and are awaiting trial deployment. They are entirely made in Japan and have a top speed of 110 kph when above ground, and 80 kph below. Each can carry 930 passengers, of whom 147 are seated and 783 standing.
In all, the southern economic hub has eight metro lines already planned with a combined length of 220 kilometers and a cost totaling almost $25 billion.
Construction of the second route from Ben Thanh to Tham Luong depot has been rescheduled to 2025 instead of starting this year as the city administration has to look for a new consultant to replace the former, which had walked out.
- Read More
Vietnam’s Eximbank sees Q3 earnings triple on forex trading
Ho Chi Minh City-based Eximbank says it earned a net profit of VND721.2 billion ($28.6 million) in Q3/2024, up 198.25% year-on-year, thanks to income from lending and forex trading.
Banking - Mon, October 28, 2024 | 12:25 pm GMT+7
Taiwan electronics firm Lite-On to start $690 mln Vietnam project soon
Taiwan-based Lite-On Technology Corporation, a world-leading provider in optoelectronics and power management, is set to start its $690 million investment in Vietnam next month.
Industries - Mon, October 28, 2024 | 11:01 am GMT+7
PM Chinh asks hypermarket chain Lulu to bring UAE investors to Vietnam
Vietnamese Prime Minister Pham Minh Chinh has called on LuLu Group International, with its extensive network of branches, to bring potential investors from both within and outside the United Arab Emirates (UAE) to invest in Vietnam.
Industries - Mon, October 28, 2024 | 10:45 am GMT+7
Gov’t support, new laws spark resumption of stalled property projects: Vietnam realtors
A number of stalled property projects in Vietnam have resumed construction on the back of the government’s support and improved legal framework.
Real Estate - Mon, October 28, 2024 | 7:27 am GMT+7
Thailand’s automobile output down 25.5% in September
The Federation of Thai Industries (FTI) on Thursday reported that automobile production in the country fell 25.5% in September from a year earlier.
Southeast Asia - Sun, October 27, 2024 | 7:48 pm GMT+7
Singapore fully implements passport-less clearance at Changi airport
The Immigration and Checkpoints Authority (ICA) of Singapore on Thursday announced that since September 30, it has fully implemented passport-less clearance across all four terminals at Changi Airport.
Southeast Asia - Sun, October 27, 2024 | 7:47 pm GMT+7
Six Thai destinations honored for sustainable tourism
Six Thai destinations have been recognized for their efforts in sustainable tourism as part of the Green Destinations Top 100 Stories initiative.
Southeast Asia - Sun, October 27, 2024 | 7:44 pm GMT+7
Vietnam to add 6,793 MW to power sources in 2025, fulfilling electricity demand
Vietnam is set to add 10 new power source projects with a total capacity of 6,793 MW in 2025, fulfilling the country's electricity demand next year, says state utility Vietnam Electricity (EVN).
Energy - Sun, October 27, 2024 | 5:00 pm GMT+7
PPP funding, special mechanism proposed for $363 mln central Vietnam airport
Vietnam’s central province of Khanh Hoa has proposed developing Van Phong international airport through a public-private partnership with an initial estimated cost of VND9.2 trillion ($363 million).
Infrastructure - Sun, October 27, 2024 | 3:00 pm GMT+7
Taiwan cooling solution firm AVC doubles Vietnam investment to $400 mln
Asia Vital Components (AVC), a Taiwan-based cooling solution provider, will increase its investment in Vietnam’s northern province of Ha Nam to $400 million.
Industries - Sun, October 27, 2024 | 1:30 pm GMT+7
Vietnam plans to invest $13 bln in 2 railways linking to China
Vietnam’s Ministry of Transport is drafting plans to invest $13 billion in building and upgrading two railways linking Vietnam with China.
Infrastructure - Sun, October 27, 2024 | 10:00 am GMT+7
Mekong Delta province Ben Tre set to export fresh coconuts to China
Vietnam and China have reached agreement on conditions for exporting fresh coconuts from the former to the latter; and it was marked by a ceremony in the Mekong Delta province of Ben Tre on Friday.
Economy - Sun, October 27, 2024 | 9:00 am GMT+7
Top e-commerce platforms in Vietnam earn $9.5 bln in Jan-Sept, up 38%
The revenues of top five e-commerce marketplaces in Vietnam, namely Shopee, Lazada, Tiki, Sendo, and TikTok Shop, reached $9.5 billion in the first nine months of this year, up 37.7% year-on-year.
Companies - Sun, October 27, 2024 | 8:00 am GMT+7
6,000 international tourists arrive in Vietnam on 5-star cruises
Nearly 6,000 international guests have arrived in Vietnam aboard five-star cruise ships in the last two days and are set to visit a range of famous natural, historic and cultural landmarks in different regions.
Companies - Sat, October 26, 2024 | 10:08 pm GMT+7
Chinese online retail platform Temu submits papers for Vietnam operations
Chinese online retail platform Temu has submitted a document to Vietnamese authorities for registering its Vietnam operations.
Companies - Sat, October 26, 2024 | 9:38 pm GMT+7
Five investors register for $2.2 bln LNG power project in central Vietnam
Five investors have applied to join the $2.2 billion Quynh Lap LNG-fired power plant project in Nghe An, according to the provincial Department of Planning and Investment.
Investing - Sat, October 26, 2024 | 4:00 pm GMT+7