DonaCoop - VinaCapital proposes to invest in Suoi Tien - Long Thanh metro line of 65,000 billion VND

DonaCoop Infrastructure Investment Joint Stock Company - VinaCapital Group (collectively referred to as the investor) has just sent a document to the People's Council and People's Committee of Dong Nai province proposing to allow the investor to prepare an Investment Report on the Project to extend metro line No. 1 connecting from Suoi Tien (HCMC) to Long Thanh Airport and develop a smart urban model TOD (Transit - Oriented Development).

In the document, the investor said that after the Dong Nai Provincial People's Committee issued a document supporting the study of the Project, the enterprise worked with relevant departments to survey the current status of the route, route direction, land fund planned for TOD and study implementation steps.

In addition, the enterprise has been negotiating with domestic and foreign consulting units with experience and high technical expertise in research, design and development of metro lines.

The Suoi Tien - Long Thanh metro line is proposed to be built to connect with Ho Chi Minh City's line 1 at Suoi Tien. Photo: QL

Through preliminary research, DonaCoop - VinaCapital proposed the Suoi Tien - Long Thanh metro line project with a length of 38.5 km, divided into 3 sections.

The total investment capital is estimated at about 65,000 billion VND (not including compensation costs for site clearance), using 100% private capital for investment.

As for the site clearance part, the investor proposed to separate it into an independent component project to be implemented by the State.

The enterprise plans to implement construction and complete the Project within 4-6 years from the date of receiving the site handover.

After studying Law No. 57/2024/QH15 amending and supplementing a number of articles of the Law on Planning, the Law on Investment, the Law on Investment under the public-private partnership method and the Law on Bidding, DonaCoop - VinaCapital proposed that the People's Committee of Dong Nai province approve the enterprise to prepare and submit a proposal for the Suoi Tien - Long Thanh metro line project under the PPP investment form of BT contract (build - transfer).

DonaCoop - VinaCapital commits that after approval, the investor will coordinate with the departments, branches and consulting units to carry out procedures according to the provisions of law.

According to the schedule of Dong Nai Provincial People's Committee, on August 11, the Provincial People's Committee will listen to the Department of Finance report on the PPP project of DonaCoop - VinaCapital.

Source: https://baodautu.vn/donacoop---vinacapital-de-xuat-dau-tu-tuyen-metro-suoi-tien---long-thanh-65000-ty-dong-d354743.html