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Update news Urban Rail Development
Hanoi plans to invest nearly $34 billion in five metro lines totaling 253km between 2026 and 2030, drawing on public budgets, loans, bonds and land revenues while capping underground construction contracts at $120 million per kilometer.
The EU is funding studies for an 11-km underground extension of Hanoi's Metro Line 3 to Hoang Mai, supporting plans to expand public transport, improve connectivity and promote sustainable urban development.
Hanoi has signed turnkey contracts for five metro lines totaling 253.5km, with plans to introduce fully automated, driverless trains as part of a major expansion of the capital's urban rail network by 2030.