New Government directive on Hanoi - Hoang Mai urban railway project

Trains of Urban Railway Project No. 3, Nhon - Hanoi Station section.

The Government Office has just issued Official Dispatch No. 4435/VPCP – CN to the Minister of Finance, Minister of Construction; Chairman of Hanoi People's Committee, Chairman of Ho Chi Minh City People's Committee conveying the direction of Deputy Prime Minister Bui Thanh Son on the proposal of Urban Railway Line No. 3 Project, Hanoi Station - Hoang Mai section, expected to use loans from the Asian Development Bank (ADB), the French Development Agency (AFD) and the German Reconstruction Bank (KfW).

Accordingly, the Deputy Prime Minister assigned the Ministry of Construction to preside over and coordinate with the People's Committee of Hanoi City, the People's Committee of Ho Chi Minh City and relevant ministries and branches to urgently complete and submit to the Government a Resolution on implementing Resolution No. 188/2025/QH15 of the National Assembly dated February 19, 2025 on piloting a number of specific and special mechanisms and policies to develop the urban railway network system in Hanoi and Ho Chi Minh City, noting the regulations on complete, clear and convenient procedures for mobilizing ODA capital and preferential loans for urban railway projects in the city. Hanoi and Ho Chi Minh City, including the Urban Railway Line No. 3 Project, Hanoi Station - Hoang Mai section, must comply with Resolution 188/2025/QH15 dated February 19, 2025 of the National Assembly and in accordance with the direction of the Prime Minister in Conclusion Notice No. 213/TB-VPCP dated May 4, 2025 of the Government Office.

The Ministry of Finance has just issued Official Dispatch No. 5906/BTC - QLN to the Government leaders regarding the Project "Urban Railway Line No. 3, Hanoi Station - Hoang Mai section" of the Hanoi People's Committee.

This is a project funded by loans from the Asian Development Bank (ADB), the French Development Agency (AFD) and the German Development Bank (KfW). The domestic financial mechanism for foreign loans in this project is that the Hanoi People's Committee re-borrows all foreign loans.

The total foreign loan capital of the Project is expected to be 1,258.32 million USD, equivalent to 29,130 ​​billion VND, of which ADB loan capital is 801.65 million USD; KfW loan capital is 258.05 million USD; AFD loan capital is 198.62 million USD.

In Official Dispatch No. 5906, the Ministry of Finance stated that the Project has met the regulations and conditions and has sufficient legal basis to submit to the Prime Minister for consideration and approval of the Project Proposal in accordance with the provisions of the Law on Public Debt Management 2017, the Law on Public Investment 2024, Decree No. 114/2021/ND-CP and Decree No. 20/2023/ND-CP (these decrees are currently in effect and are consistent with the provisions of the Law on Public Investment 2024).

Therefore, the Ministry of Finance recommends that the Government leaders approve the Project Proposal "Urban Railway Line No. 3, section from Hanoi Station to Hoang Mai" using loans from ADB, AFD and KfW of the Hanoi People's Committee and assign the Ministry of Finance to notify ADB, AFD and KfW about the approved Project Proposal and request to provide loans for the Project.

The Ministry of Finance proposes to assign the Hanoi People's Committee to base on the approval of the Prime Minister's Project Proposal, receive opinions from relevant agencies, coordinate with the Ministry of Finance to discuss and work with ADB, AFD, KfW and prepare a Pre-Feasibility Study Report for the above Project to submit to the competent authority to decide on the investment policy according to regulations.

The Hanoi urban railway project No. 3, Hanoi station - Hoang Mai section, is 8.7 km long and runs underground along the Tran Hung Dao - Tran Thanh Tong - Kim Nguu - Nguyen Tam Trinh corridor.

The twin tunnels run parallel, underground through the O Dong Mac intersection (Ring Road 1), Mai Dong (Ring Road 2) and end behind Ring Road 3 with 7 underground stations (Hang Bai, Tran Thanh Tong, Kim Nguu, Mai Dong, Tan Mai, Tam Trinh, Yen So), 1 train station (behind, next to Yen So Pumping Station).

According to the report of Hanoi People's Committee, Line 3 is the corridor connecting the western area with the city center and the southern area of ​​the city, attracting 488,000 passengers/day in 2020.

Source: https://baodautu.vn/chi-dao-moi-cua-chinh-phu-ve-du-an-duong-sat-do-thi-ga-ha-noi---hoang-mai-d287619.html