VietNamNet Bridge – Some VND62 trillion (US$2.7 billion) of official development aid (ODA) is the amount proposed by the Ha Noi People’s Committee to build two new railway routes in the city.

A computer-generated illustration of urban railway route number 3, which will connect the Ha Noi Railway Station on Le Duan Street with urban Hoang Mai District.

The 6km urban railway route number 2, connecting downtown Tran Hung Dao Street and the Thuong Dinh Ward in Thanh Xuan District, is expected to cost some VND35 trillion ($1.5 billion), of which $1.3 billion will be funded through aid from Japan.

The system will consist of 6 underground stations passing through the Hai Ba Trung, Dong Da and Thanh Xuan districts, and is expected to handle 714,000 passengers per day in 2020 and 1.7 million by 2040.

The 8km urban railway route number 3, consisting of 7 stations, will connect the Ha Noi Railway Station on Le Duan Street with Hoang Mai District.

It is expected to cost some $1.2 billion, of which about $1 billion will be borrowed from foreign investors, such as the Asian Development Bank (ADB), and is estimated to attract 488,000 passengers per day in 2020.

The construction of the routes is expected to take place from 2020-25.

The Ha Noi People’s Committee has requested that the Ministry of Planning and Investment ask for approval from the Prime Minister to use the aid from Japan and ADB for construction of the routes.

It is reported that representatives from Japan and ADB expressed their interest in sponsoring the construction of the two railway routes during meetings with Vietnamese authorities. 

VNS