TPO - Ho Chi Minh City has decided to use its budget to build metro line 2, the Ben Thanh - Tham Luong line, instead of the previous plan to use ODA loans.
TPO - Ho Chi Minh City has decided to use its budget to build metro line 2, the Ben Thanh - Tham Luong line, instead of the previous plan to use ODA loans.
The Ho Chi Minh City Metro Line 2 project has an estimated total investment of nearly 48,000 billion VND. The project spans over 11 km (including over 9 km of underground section and nearly 2 km of elevated section) with 10 stations (9 underground stations and 1 elevated station), passing through Districts 1, 3, 10, 12, Tan Binh, and Tan Phu.
Recently, the Party Committee of the Ho Chi Minh City People's Committee announced its conclusions regarding the implementation plan for this project. The most notable point is the Party Committee's agreement to use the city's budget to continue the Metro Line 2 project; and to add projects connecting Metro Line 1 and Metro Line 2 at the Ben Thanh station area to the Metro Line 2 project.
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Currently, the Ho Chi Minh City Urban Railway Management Board is urgently relocating technical infrastructure to prepare a "clean site" for the Metro Line 2 project. Photo: Duy Anh. |
The Party Committee of the Ho Chi Minh City People's Committee has instructed the Ho Chi Minh City People's Committee to direct the Urban Railway Project Management Board to take the lead and coordinate with the Department of Finance, the Department of Transport, the Department of Planning and Investment, the Department of Construction, and other relevant units to urgently finalize the implementation plan for Metro Line 2.
Relevant units and departments need to prepare comprehensive impact assessment reports on emerging legal, financial, and diplomatic issues; and study the possibility of adding the EPC (Engineering, Procurement, and Construction) mechanism to the urban railway development plan in accordance with Conclusion 49 of the Politburo .
In addition, research agencies should supplement policies to finalize the implementation plan for metro line 2 to ensure the set schedule is met, and report to the Ho Chi Minh City People's Committee for submission to the Party Committee of the Ho Chi Minh City People's Committee before November 28th.
The Ho Chi Minh City State Financial Investment Company is tasked with leading and coordinating with the Department of Finance and relevant units to research reasonable capital mobilization options; and subsequently, submitting them to the Ho Chi Minh City People's Committee before November 30th.
Currently, the Ho Chi Minh City Urban Railway Management Board is carrying out the relocation of technical infrastructure along the entire Metro Line 1, and the project is expected to commence in 2025.
According to the initial plan, the Ho Chi Minh City Metro Line 2 project was to be funded by ODA loans from the Asian Development Bank (ADB), the German Reconstruction Bank (KfW), the European Investment Bank (EIB), and counterpart funds from the state budget. ODA loans accounted for the majority, approximately VND 37,500 billion. However, a recent report from the Ho Chi Minh City Urban Railway Management Board indicates that securing financing for this project has encountered significant difficulties due to changes in loan conditions from international donors.
Source: https://tienphong.vn/du-kien-gan-48000-ty-von-ngan-sach-lam-metro-so-2-tphcm-post1694795.tpo
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