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Hanoi needs 65.4 trillion VND for metro line No. 5

Hanoi aims to mobilise 65.4 trillion VND (2.82 billion USD) for the metro line No. 5 connecting Van Cao and Hoa Lac, scheduled to be put into operation in 2026, according to the municipal People’s Committee.
Hanoi needs 65.4 trillion VND for metro line No. 5 ảnh 1The total route will run 38.43km, with a 6.5km underground section and 2km of elevated rails. (Photo: baodautu.vn)

Hanoi (VNA) – Hanoi aims tomobilise 65.4 trillion VND (2.82 billion USD) for the metro line No. 5connecting Van Cao and Hoa Lac, scheduled to be put into operation in 2026,according to the municipal People’s Committee.

The municipal People’s Committee has sentits recommendations regarding the pre-feasibility study report for the projectto the Ministry of Planning and Investment.

It also suggested adjusting the structureof capital sources for the metro line, with 15 trillion VND to be sourced frompublic investment and savings during the 2021-2025 period, 10-12 trillion VNDfrom the equitisation and capital divestment of enterprises, 15 trillion VNDfrom property auction, 10 trillion VND worth of bonds, and the remainder fromloans.

The investment mobilisation for theentire route will be carried out in one phase only, instead of two phases asinitially scheduled.

The total route willrun 38.43km, with a 6.5km underground section and 2km ofelevated rails. It will have 21 stations with six underground.

This will help passengers move quicklyand conveniently from the suburbs to the city centre and reduce urban trafficdensity while improving travel conditions./.
VNA
#Van Cao#Hoa Lac#Ministry of Planning and Investment#travel conditions#Van Cao#Hoa Lac#Vietnam#VietnamPlus#Vietnam news
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