Consultancy cost for HCMC’s second metro line up by 12.6mil euros

The consultancy cost for the second metro line project in HCMC has been revised up by 12.6 million euros (US$14.7 million) as the project has been delayed for years.

Consultancy cost for HCMC’s second metro line up by 12.6mil euros
A site is cleared to make room for the second metro line in HCM City. The consultancy cost for the project has increased 12.6 million euros – Photo: VNA

The Ministry of Planning and Investment has asked the HCMC government to state reasons for the tardiness in the signing of an agreement with the consulting firm of the project, Implementation Consultant (IC). The involvement of IC in the project is a requirement to extend the loan contract with German development bank KfW to the end of 2026, ask for additional loans and hold tenders for the main packages.

The HCMC government has yet to sign an appendix with IC since it stopped work at the project in October 2018. With this appendix, the increased cost is nearly 3.7 million euros, news site VnExpress reported.

Earlier, the Management Authority for Urban Railways (MAUR) of HCMC signed 12 appendices with IC, with six of them leading to a cost hike of nearly nine million euros. Thus, the value of the contract has increased by 12.6 million euros compared with the value of the contract signed eight years ago.

According to MAUR, the signing of the 13 appendices is compulsory during the execution of the project due to adjustments to the boundary and design of the project, workload and bidding documents. The adjustments forced the consultant to update documents and complete procedures for loans for the project.

In 2012, MAUR signed a consultancy contract worth some 44 million euros with IC for the city’s metro line project. The contract would be conducted in two phases.

 

In the first phase, valued at some 13 million euros, IC would design and support tenders for the main packages. In the second phase, worth more than 31 million euros, it would supervise the construction of the metro line. The capital for the two phases would be sourced from KfW.

IC has completed the design of the tenders and submitted many bidding documents. MAUR has paid IC over 18.5 million, including 10.5 million for the first phase and nearly eight million euros for the second phase.

In late November last year, the HCMC government assigned an agency to inspect the increased cost. Meanwhile, MAUR has worked with IC to address issues with regard to the project but the process has been delayed due to Covid-19. It expects to sign the appendix with IC next month.

The second metro line project in HCMC had its investment revised up to US$2.1 billion in late 2019 from the initial US$1.3 billion.

The line, linking Ben Thanh Market in District 1 and Tham Luong Depot in District 12, will be more than 11 kilometers long and include nine underground stations, an elevated station and a depot in District 12. Work on the project is expected to start this year and be completed by 2026.  SGT

HCMC’s second metro line project on verge of capital shortage

HCMC’s second metro line project on verge of capital shortage

An agreement to borrow VND12 trillion (US$518.7 million) from the German development bank KfW for HCMC’s second metro line project will expire on December 30 but the city has yet to sign another contract with the consulting firm of the project, 

 
 

Other News

.
Hanoi to tighten travel regulations from September 8
Hanoi to tighten travel regulations from September 8
SOCIETYicon  06/09/2021 

Hanoi will tighten the check of travel permit from September 8 as part of efforts to ensure strict implementation of social distancing measures to prevent the spreading of COVID-19 pandemic.

HCM City sets up steering committee on economic recovery
HCM City sets up steering committee on economic recovery
SOCIETYicon  06/09/2021 

The steering committee, led by HCM City Chairman Phan Van Mai, is responsible for developing a plan for epidemic prevention and control and economic recovery in the city after September 15.

Health official asks HCMC residents to conduct quick Covid-19 tests at home
Health official asks HCMC residents to conduct quick Covid-19 tests at home
SOCIETYicon  06/09/2021 

Deputy Minister of Health Nguyen Truong Son has sent an open letter to the people of Ho Chi Minh City, calling for them to perform quick self-testing for Covid-19 to contribute to the city's fight against the epidemic.

COVID-19: Vietnam reports 13,137 more infections, 9,211 recoveries
COVID-19: Vietnam reports 13,137 more infections, 9,211 recoveries
SOCIETYicon  05/09/2021 

Vietnam has recorded an additional 13,137 coronavirus cases during the past 24 hours, with two thirds registered in Ho Chi Minh City and Binh Duong, the country’s two largest COVID-19 hotspots.

Urban gardens a bright spot during pandemic
Urban gardens a bright spot during pandemic
SOCIETYicon  05/09/2021 

City dwellers throughout the country have got used to social distancing and days of struggle. Many have found new ways to entertain themselves and even to grow their own vegetables.

Vietnamese students begin new school year in person, online
Vietnamese students begin new school year in person, online
SOCIETYicon  05/09/2021 

Forty-five provinces and cities on September 5 held a special opening ceremony of the 2021-2022 new school year either physically or virtually.

VIETNAM NEWS HEADLINES SEPTEMBER 5
VIETNAM NEWS HEADLINES SEPTEMBER 5
SOCIETYicon  05/09/2021 

Vietnam, Russia facilitate bilateral defence cooperation: Minister

HCM City to announce official decision soon on social distancing regulations, speeds up vaccination pace
HCM City to announce official decision soon on social distancing regulations, speeds up vaccination pace
SOCIETYicon  05/09/2021 

HCM City is speeding up its pace of vaccinations as part of an effort to contain the COVID-19 outbreak and “relax social distancing” restrictions, the HCM City Centre of Disease Control (HCDC) said.

Germany to aid Vietnam with 2.5 million doses of Astra Zeneca vaccine
Germany to aid Vietnam with 2.5 million doses of Astra Zeneca vaccine
SOCIETYicon  04/09/2021 

The German Government has decided to offer Vietnam 2.5 million doses of the Astra Zeneca COVID-19 vaccine, as informed by the Ministry of Foreign Affairs on September 4.

Vietnam sees drop of 5,373 COVID-19 cases on September 4
Vietnam sees drop of 5,373 COVID-19 cases on September 4
SOCIETYicon  04/09/2021 

Vietnam recorded 9,521 domestic COVID-19 cases in the past 24 hours to 5pm on September 4, down 5,373 infections against the previous day, according to the Ministry of Health.

Hanoi outlines goods distribution plan for COVID-19 zones
Hanoi outlines goods distribution plan for COVID-19 zones
SOCIETYicon  04/09/2021 

The Hanoi Department of Industry and Trade has outlined a plan for distributing goods to local residents in accordance with the new COVID-19 zoning scheme.

More checkpoints set up to tighten Covid-19 control in Hanoi's hotspots
More checkpoints set up to tighten Covid-19 control in Hanoi's hotspots
SOCIETYicon  04/09/2021 

Hanoi has set up additional 39 checkpoints to tighten social distancing rules at 15 districts which are reporting high numbers of Covid-19 infections.

VIETNAM NEWS HEADLINES SEPTEMBER 4
VIETNAM NEWS HEADLINES SEPTEMBER 4
SOCIETYicon  04/09/2021 

Japan to donate 440,000 COVID-19 vaccine doses to Vietnam, Thailand, Taiwan

Prime Minister approves VN road transport development plan to 2030
Prime Minister approves VN road transport development plan to 2030
SOCIETYicon  05/09/2021 

Prime Minister Pham Minh Chinh has approved the Road Network Development Plan for the period 2021-2030, with a vision to 2050, under which 5,000km of expressways will be used by 2030.

HCM City Department of Health proposes two more drugs to treat Covid-19 patients
HCM City Department of Health proposes two more drugs to treat Covid-19 patients
SOCIETYicon  04/09/2021 

The HCM City Department of Health has asked the Medical Examination and Treatment Administration and the Drug Administration of Vietnam to approve the use of Reamberin and Cytoflavin drugs in the treatment of Covid-19 patients.

Images of dedicated frontline forces against Covid-19 epidemic
Images of dedicated frontline forces against Covid-19 epidemic
SOCIETYicon  04/09/2021 

Health workers, police officers and soldiers have fully supported the people day and night, caring for and treating patients with Covid-19.

Two Vietnamese universities enter top 500 in the world for first time
Two Vietnamese universities enter top 500 in the world for first time
SOCIETYicon  04/09/2021 

Duy Tan and Ton Duc Thang universities in Vietnam have been named in the top 401-500 of the world university rankings THE 2022. This is the first time that Vietnamese universities have ranked that high.

COVID-19: Daily caseload hits nearly 15,000, tally passes 500,000 mark
COVID-19: Daily caseload hits nearly 15,000, tally passes 500,000 mark
SOCIETYicon  03/09/2021 

Vietnam’s 24-hour COVID-19 cases hit all-time high of 14,922 on September 3, raising its cumulative tally of infections to 501,649, the Ministry of Health (MoH) said in its coronavirus update at 06.00pm.

Different levels of pandemic control measures to be applied in Hanoi’s zones from Sept 6
Different levels of pandemic control measures to be applied in Hanoi’s zones from Sept 6
SOCIETYicon  04/09/2021 

Hanoi will divide localities into three zones for the application of different COVID-19 prevention and control measures starting from September 6.

HCMC adopts solutions to help students for online learning
HCMC adopts solutions to help students for online learning
SOCIETYicon  03/09/2021 

According to the HCMC Department of Education and Training’s statistics on September 3, tens of thousands of students don’t have laptops or smartphones for online learning as the new school year is going to begin in the next few days.

 
 
 
Leave your comment on an article

OR QUICK LOGIN