Hanoi People’s Committee officially replaces the Ministry of Transport (MoT) in developing Metro Line No.1 from Ngoc Hoi to Yen Vien.
|Hanoi is to handle the Metro Line 1 connecting Ngoc Hoi and Yen Vien |
The Railway Management Board of the MoT and the Hanoi Metropolitan Railway Management Board will cooperate with each other to study the investment plan.
The MoT and Hanoi People’s Committee will still cooperate to develop the Ngoc Hoi complex and perform the land clearance at Tia and Phu Xuyen stations.
Hanoi People’s Committee assigned the departments and relevant agencies to combine with the MoT during the planning and building process.
The project has a total investment capital of $3.52 billion. The first phase of Metro Line 1 was divided by the MoT into two separate sub-projects.
Accordingly, the first sub-project focuses on building the Ngoc Hoi complex which takes on the functions of the existing Hanoi and Giap Bat railway stations, plus building several functional zones for future rail lines with an estimated total capital of almost $858 million.
The second sub-project involves building the Ngoc Hoi-Hanoi section and an additional elevated section from Giap Bat to Ngoc Hoi.
The construction of the metro line was expected to be completed in 2017. However, in 2017, the construction was extended to 2024.
To date, the disbursed capital amounts to $36.6 million for technical design work. Besides this, $61.3 million were disbursed for land clearance, management, and other expenditures.
Metro line 1 is one of ten railway lines in Hanoi’s transport plan for 2030. The ten metro lines have a total length of 417.8km and will cost over $40 billion. The Cat Linh-Ha Dong urban railway project was officially put into operation in November, after 10 years of construction.
By Ha Vy