Vietnam set to approve pre-feasibility study for Hanoi's $2.7 bln metro line No.5

By Tri Duc
Tue, September 19, 2023 | 9:57 pm GMT+7

The national appraisal council is set to approve a pre-feasibility study for Hanoi’s fifth metro route with an expected investment of VND65.4 trillion ($2.68 billion).

A decision to this effect was signed by Nguyen Chi Dung, head of the council and also Minister of Planning and Investment, the Hanoi Metropolitan Railway Management Board (MRB) announced Tuesday.

The move is an important step for the project of national importance, prior to approvals by the National Assembly and the Prime Minister.

The investment will be drawn from the municipal budget of Hanoi as part of the city’s medium-term (2021-2025) plan with possible adjustments for the 2026-2030 period.

Trains that will run on Hanoi's Metro No.2 route when it becomes operational. Photo courtesy of Laborer newspaper.

Trains that will run on Hanoi's Metro No.2 route when it becomes operational. Photo courtesy of Laborer newspaper.

The metro will follow the standard double track gauge of 1,435 millimeters as it connects the major stations of Van Cao, Ngoc Khanh, Lang, and Hoa Lac. With a total length of 38.43 kilometers, the route run 6.5 kilometers underground, two kilometres on elevated sections and 29.93 kilometers at ground-level.

The route, passing through the capital city’s inner districts of Ba Dinh, Dong Da, Cau Giay, Nam Tu Liem and outer districts of Hoai Duc, Quoc Oai and Thach That, will connect crowded residential areas with the satellite residential area of Hoa Lac, in a bid to reduce population density in overcrowded districts. It will also help the relocation of government agencies, industrial facilities, healthcare and education establishments from central to outer districts, the MRB said.

The Metro No.5 will also connect with the Metro No. 2, 3, 4, 6, 7 and 8 routes to form a network of connectivity between inner and outer areas of the capital city, aiding the growth of outer areas, the board added.

Vietnam has invested VND66.01 trillion ($2.76 billion) in the metro systems of Hanoi and Ho Chi Minh City in the past decade, but the capital city’s Cat Linh-Ha Dong route is the only one that has begun operations.

In a draft report on railway investments funded by state budget, the Ministry of Transport noted that many metro projects in Hanoi and HCMC were progressing very slowly and needed more capital.

Hanoi’s first metro line, the Cat Linh-Ha Dong route, officially began operations on January 13, 2022 after over a decade of construction. With a total investment of approximately $868 million funded with Chinese ODA, the route has an elevated section more than 13 km long as it operates 13 trains through 12 stations.

Comments (0)
  • Read More
Latvian man sentenced in Vietnam for operating loan shark ring with 1,380% interest rate

Latvian man sentenced in Vietnam for operating loan shark ring with 1,380% interest rate

Aigars Plivěs, a Latvian national, on Monday was sentenced to two years and nine months in prison for operating three companies that offered loans with high interest rates of 401-1,379.7% per year, earning illicit gains of more than VND4.15 trillion ($163 million).

Society - Wed, December 18, 2024 | 10:37 pm GMT+7

April Tea Shop to close down amid F&B sector woes

April Tea Shop to close down amid F&B sector woes

The Tiem tra thang 4 (April Tea Shop), a popular check-in and beverage destination for young people in Ho Chi Minh City, has announced it will shut down on December 25, ending a five-year journey.

Companies - Wed, December 18, 2024 | 9:56 pm GMT+7

New tourism trends seen in Thailand

New tourism trends seen in Thailand

Thailand is gearing up to attract more luxury and high-spending travellers in a bid to stimulate post-pandemic expenditure.

Southeast Asia - Wed, December 18, 2024 | 9:37 pm GMT+7

Thailand to allow more foreign workers in business

Thailand to allow more foreign workers in business

The Thai cabinet has approved in principle increasing the number of foreign workers at businesses to deal with labour shortage, according to Thai government spokesman Jirayu Huangsab.

Southeast Asia - Wed, December 18, 2024 | 9:25 pm GMT+7

Indonesia to build first nuclear power plant

Indonesia to build first nuclear power plant

Indonesia is planning to build its first nuclear power plant on Kelasa island in Bangka Belitung province.

Southeast Asia - Wed, December 18, 2024 | 9:18 pm GMT+7

Thailand announces research and innovation direction for 2025

Thailand announces research and innovation direction for 2025

The recent “Research X Innovation 2025” conference examined global trends and announced Thailand’s research and innovation direction for 2025.

Southeast Asia - Wed, December 18, 2024 | 8:49 pm GMT+7

Malaysia eyes to become ASEAN’s next-generation vehicle hub

Malaysia eyes to become ASEAN’s next-generation vehicle hub

The Malaysian Investment Development Authority (MIDA) has partnered with DRB-Hicom Bhd and Zhejiang Geely Holding Group Co. Ltd. to develop the Automotive Hi-Tech Valley (AHTV) in Tanjung Malim, Perak, with a goal of turning the country into ASEAN’s hub for next-generation vehicles (NxGV) and energy-efficient vehicles.

Southeast Asia - Wed, December 18, 2024 | 8:46 pm GMT+7

Thai IP developer Amata eyes clean energy cooperation with northern Vietnam province

Thai IP developer Amata eyes clean energy cooperation with northern Vietnam province

Amata Group of Thailand on Wednesday recommended the northern province of Quang Ninh foster cooperation in clean energy development in the time to come.

Investing - Wed, December 18, 2024 | 4:54 pm GMT+7

Czech's Sev.en Global Investments to make Europe's largest energy investment in Vietnam

Czech's Sev.en Global Investments to make Europe's largest energy investment in Vietnam

Czech-based Sev.en Global Investments, a multi-sector business, will expand its footprint to Asia, with Vietnam as a key market, the firm announced Wednesday.

Energy - Wed, December 18, 2024 | 3:43 pm GMT+7

Vietnam's Mekong Delta has immense opportunities for herbal-based medicine development: exec

Vietnam's Mekong Delta has immense opportunities for herbal-based medicine development: exec

The government should prioritize planning for designated growing areas and support product promotion to advance the development of products derived from medicinal herbs, said Pham Thi Xuan Huong, general director of OPC Pharmaceutical JSC.

Companies - Wed, December 18, 2024 | 2:15 pm GMT+7

Petrovietnam seeks WB support in offshore wind energy

Petrovietnam seeks WB support in offshore wind energy

State-owned Petrovietnam has called on the World Bank to provide support, including capital, to help with green energy projects, especially offshore wind power.

Energy - Wed, December 18, 2024 | 1:36 pm GMT+7

Masan High-Tech Materials exits its downstream business H.C. Starck

Masan High-Tech Materials exits its downstream business H.C. Starck

Vietnam's Masan High-Tech Materials on Wednesday announced the successful closing of the sale of 100% of H.C. Starck Holding (Germany) GmbH to Mitsubishi Materials Corporation Group.

Companies - Wed, December 18, 2024 | 1:24 pm GMT+7

New stock trading system KRX must come on stream in 2025: regulator

New stock trading system KRX must come on stream in 2025: regulator

The State Securities Commission (SSC) of Vietnam has demanded stock exchanges and related entities to launch the new stock trading system KRX in 2025.

Finance - Wed, December 18, 2024 | 11:40 am GMT+7

Hong Kong-invested battery maker GPPD raises Vietnam investment to $35 mln

Hong Kong-invested battery maker GPPD raises Vietnam investment to $35 mln

Singapore-incorporated GPPD Pte. Ltd., a subsidiary of Hong Kong-based Gold Peak Technology Group Limited, has increased its investment in Vietnam’s southern province of Binh Phuoc to $34.6 million.

Industries - Wed, December 18, 2024 | 11:17 am GMT+7

Vietnam interest rate unlikely to fall further: experts

Vietnam interest rate unlikely to fall further: experts

Interest rates in Vietnam are unlikely to decrease further and may even rise slightly in the near future, according to Pham The Anh, chief economist at the Vietnam Economic and Strategy Research Center (VESS).

Economy - Wed, December 18, 2024 | 10:04 am GMT+7

Vietnam an important partner of Guangdong-Hong Kong-Macao Greater Bay area: Sunwah Group chairman

Vietnam an important partner of Guangdong-Hong Kong-Macao Greater Bay area: Sunwah Group chairman

Through Hong Kong, an international financial center, Vietnamese businesses can more easily and effectively access the Guangdong-Hong Kong-Macao Greater Bay, says Sunwah Group chairman Jonathan Choi.

Economy - Wed, December 18, 2024 | 8:17 am GMT+7