Update news metro projects
HCM City will need over VNĐ86 trillion (US$3.6 billion) from public funds to extend its first metro route to the neighbouring provinces of Bình Dương and Đồng Nai.
With an investment capital of over VND65 trillion (US$2.66 billion), this will be the largest urban railway line in terms of investment capital among the completed preliminary study reports in Hanoi.
The Government has approved adding nearly VND1.92 trillion to the investment cost and rescheduling the completion of the Nhon-Hanoi Station metro line project to 2027.
Contractors of the metro line, also known as the Bến Thành–Suối Tiên line, have until the end of 2025 to report any project defects, and the time for supporting operation and maintenance runs until the end of 2028.
Hanoi authorities have halted two metro projects under the form of public-private partnership (PPP) to wait for new regulations following the government’s on-going revision of its investment mechanism.