Ho Chi Minh City builds project to mobilize investment capital for hundreds of kilometers of urban railway

đường sắt đô thị - Ảnh 1. — Besides urban railway lines that will be funded by the state budget, many businesses have proposed that Ho Chi Minh City study and implement other projects - Photo: BAC HA

Regarding the implementation of investment preparation for urban railway lines according to Resolution 188 of the National Assembly , Vice Chairman of the Ho Chi Minh City People's Committee Bui Xuan Cuong assigned the Department of Construction to take the lead, in coordination with the Urban Railway Management Board and relevant units, to conduct a comprehensive review of the urban railway network plan, according to a new model and vision, consistent with the expansion of administrative boundaries.

Based on that, the City People's Committee will be advised on a plan for implementation in July 2025.

In addition, the Department of Construction, in coordination with the Department of Justice, will monitor and finalize the dossiers, and advise the City People's Committee to submit to the City People's Council a resolution specifying the procedures for the preparation, appraisal, approval, and adjustment of urban railway route and location plans; and the planning of transport-oriented development (TOD) areas...

This task must be completed on schedule for submission to the City People's Council meeting, which is expected to take place on July 27th.

Regarding funding, the Ho Chi Minh City People's Committee has assigned the Department of Finance to take the lead, in coordination with the Urban Railway Management Board and other relevant units, in developing a plan for mobilizing and allocating investment capital to ensure the progress of urban railway projects as outlined in the appendix of Resolution 188.

The People's Committee of Ho Chi Minh City also requested the Department of Finance to urgently develop a plan for implementing the Law on Investment under the Public-Private Partnership (PPP) method, which includes specific procedures and guidelines for the preparation, appraisal, approval, bidding, contract signing, and management of PPP projects.

Simultaneously, refine regulations and mechanisms to attract private investment, ensuring efficiency, transparency, and fairness in implementation; create an attractive investment environment to attract domestic and foreign investors.

Initially, the city will focus on implementing key, large-scale PPP projects, especially in the field of urban railways, for submission to competent authorities for consideration and decision.

Which urban railway lines in Ho Chi Minh City are currently under investment?

According to the plans, the urban railway network of Ho Chi Minh City (after the merger) is about 1,012km long. Ho Chi Minh City is reviewing and adjusting the master plan until 2040, with a vision to 2060.

This includes a comprehensive review of the urban railway network plan based on a new model and vision – consistent with the expansion of administrative boundaries.

Ho Chi Minh City has also issued a plan to implement Resolution 188 to simultaneously invest in 7 metro lines with a total length of 355km, to be completed by 2035. Specifically, for metro line 2 (Ben Thanh - Tham Luong), the goal is to start construction in 2025.

Simultaneously, the railway line connecting Tan Son Nhat Airport and Long Thanh Airport (Thu Thiem - Long Thanh) and the railway line connecting the center of Ho Chi Minh City with Can Gio are also accelerating investment procedures.

A few days ago, the Ho Chi Minh City Urban Railway Management Board also proposed to the City People's Committee to assign tasks and allocate capital to prepare for investment in two metro lines connecting the former Binh Duong area, including metro line 1 (Binh Duong New City - Suoi Tien) and metro line 2 (Thu Dau Mot - Hiep Binh Phuoc).

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Source: https://tuoitre.vn/tp-hcm-xay-dung-de-an-huy-dong-von-dau-tu-dong-loat-hang-tram-km-duong-sat-do-thi-20250718164734536.htm