Pre-feasibility report of $1.7 billion Metro Line 5 in Ho Chi Minh City awaits approval

May 18, 2020 | 08:04
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The construction of the first phase of Metro Line 5 connecting Bay Hien Crossroad to Saigon Bridge is expected to start in 2025 with the total investment cost of VND39 trillion ($1.7 billion).
pre feasibility report of 17 billion metro line 5 in ho chi minh city awaits approval
Metro Line 5 has completed its pre-feasibility study and is waiting for approval to proceed (Image: Metro Line 1)

The Management Authority for Urban Railways (MAUR) of Ho Chi Minh City People's Committee asked the Department of Planning and Investment to co-operate with relevant agencies to consider the pre-feasibility study of Metro Line 5.

According to the latest data from Transport Engineering Design Inc. based on a study from Spain-based ICOM consulting firm, Metro Line 5 will include a 7.46-kilometer-long underground section and a 1.43km elevated section, with eight stations.

The project has a total investment capital of $1.69 billion, which will be sponsored by the Spanish Government, the Asian Development Bank, the European Investment Bank, and German development bank KfW.

The construction work is planned to last from 2025 to 2029 and is slated for operation in 2030.

MAUR is working with Import-Export Bank of Korea (KEXIM) and some South Korean investors to prepare for the signing of an MoU for the project’s second phase (connecting Bay Hien Crossroad and New Can Giuoc Station), under the public-private partnership (PPP) format.

According to the approved planning, Ho Chi Minh City will have eight metro lines with the total length of 220km and cost of $25 billion. As of now, Line 1 (connecting Ben Thanh with Suoi Tien) and LIne 2 (connecting Ben Thanh and Tham Luong) have begun construction works funded by Japanese official development assistance and preferential loans.

Ho Chi Minh City is seeking the prime minister's approval for the project to build Metro Line 3A connecting Ben Thanh and Tan Kien with the total investment capital of VND68 trillion ($2.96 billion). According to a study conducted by JICA, the project will span 20km with 18 stations through eight districts.

The construction is designed in two phases. The first one spans 9.9km and the construction is expected to be implemented in 2025-2031. The construction of the second phase is expected to last from 2028 to 2034.

By Ha Vy

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