Hanoi needs central support of about 8.614 billion USD to build urban railway

According to the Master Plan for Investment in the Construction of the Capital's Urban Railway System, from now until 2035, Hanoi needs central support of about 8.614 billion USD in the two medium-term periods of 2026-2030 and 2031-2035.

Illustration: Huu Chanh

On the afternoon of July 2, the Hanoi People's Council gave its opinions on the Master Plan for Investment in the Construction of the Capital's Urban Railway System, agreeing to supplement the content in the resolution on key tasks for socio-economic development, national defense and security, and budget revenue and expenditure for the last 6 months of 2024, in which the City People's Committee was assigned to receive the opinions of the City People's Council to complete the Plan, submit it to competent authorities for comments and approval according to prescribed procedures. Chairman of the Hanoi People's Council Nguyen Ngoc Tuan emphasized that the issue of urban railways in Hanoi is very urgent; according to the planning, Hanoi has 14 routes, but the city has only implemented 2 routes. The Chairman of the City People's Council also agreed that the People's Council would give its opinions on the Plan so that the City People's Committee could promptly complete it and report to competent authorities; At the same time, this content will be included in the Resolution on key tasks of socio-economic development, security, national defense and budget revenue and expenditure in the last 6 months of 2024. According to the previous submission of the City People's Committee, the goal of the Project is to develop a synchronous and modern urban railway system, meeting the public transport needs of the city, contributing to restructuring the city's transport methods in a sustainable, harmonious and reasonable direction; striving for the rate of public passenger transport in 2023 to reach 50-55%; after 2035 to reach 65-70%. Based on the identified viewpoints, goals and principles, the city proposes "1 plan, 3 investment phases" as follows: Phase 2024-2030: Complete construction of 96.8km (including routes 22, 3, 5); Carry out investment preparation work for 301km (including lines 1, 2A extending to Xuan Mai, 4, 6, 7, 8, the line connecting satellite cities). Preliminary capital demand for this period is about 14.602 billion USD. Phase 2031-2035: Complete investment and construction of 301km. Preliminary capital demand is about 22.572 billion USD. Regarding transport capacity, after 2030, urban railways will handle 35-40% of public passengers and the total capital demand by 2035 will be about 37.174 billion USD. Phase 2036-2045: Complete investment and construction of 200.7km of urban railways on adjusted and supplemented routes according to the approved Capital Planning and adjusted Capital Master Planning. Preliminary capital demand is about 18.252 billion USD. Regarding Hanoi's mobilization plan, the report stated that the total ability to balance the city's mobilized capital sources by 2035 is about 28.560 billion USD. Thus, from now to 2035, the city needs the Central Government to support about 8.614 billion USD in the two medium-term periods of 2026-2030 and 2031-2035. After 2035, Hanoi will proactively source capital to invest in additional urban railway lines.

Laodong.vn

Source: https://laodong.vn/ban-doc/ha-noi-can-trung-uong-ho-tro-khoang-8614-ti-usd-lam-duong-sat-do-thi-1360836.ldo