New movement in metro line investment project from Ho Chi Minh City center to Can Gio

The Ho Chi Minh City Department of Finance has just sent report No. 2654/STC-PPP&QLN to the Ho Chi Minh City People's Committee on the proposal to study the urban railway project connecting the city center with Can Gio district under the form of public-private partnership (PPP).

Before reporting to the Ho Chi Minh City People's Committee, the Department of Finance organized a meeting between the investor and departments, branches and localities where the project passes through to give opinions before submitting it to the City People's Committee for consideration.

The metro line to Can Gio is expected to run along the current Rung Sac route - Photo: Viet Dung

Through synthesizing opinions from relevant departments and branches of Ho Chi Minh City, they all agreed with the proposed content of Vingroup Corporation and assessed that the project needed investment, in accordance with the policies, planning and development orientation of the city's transport sector.

Some departments and branches commented and asked investors to pay attention to some issues during the Project research process.

In particular, the Department of Construction proposed to clarify the orientation of urban corridor development associated with public transport (TOD). Along the railway corridor, it is necessary to add station connection points in District 4, District 7, Nha Be and Can Gio districts to improve the efficiency of urban development along the route according to the TOD model.

Meanwhile, District 7 People's Committee believes that site clearance in 2025 is not feasible in terms of time because legal preparations are still being completed, so site clearance in 2026 will be more feasible.

Regarding the form of investment, Vingroup Corporation proposed an investment research project in the form of public-private partnership (PPP) - BOO contract (build - own - transfer). The investor will invest in the construction of the project with its own capital and capital mobilized according to regulations.

Regarding this content, the Ho Chi Minh City Department of Finance found that the investor's project proposal is consistent with the field of investment implementation under the public-private partnership method as prescribed by the PPP Law.

In case the Ho Chi Minh City People's Committee agrees to assign Vingroup Corporation to study and prepare an investment proposal for the project, the Department of Finance proposes to only agree on the expected investment type as PPP, without considering the expected contract type to be applied.

For the type of contract expected to be applied, the Department of Finance will coordinate with relevant departments to research, review and evaluate in detail at the stage of appraising the project's pre-feasibility study report.

The Department of Finance also requested Vingroup Corporation to continue researching and fully absorb comments from relevant agencies during the process of preparing project investment proposals, in order to meet the conditions according to legal regulations.

Source: https://baodautu.vn/chuyen-dong-moi-tai-du-an-dau-tu-tuyen-metro-tu-trung-tam-tphcm-den-can-gio-d273465.html