Ho Chi Minh City will transfer the entire capital of nearly 48,000 billion VND to build metro line 2 from ODA loans to using the budget to build metro line 2 (Ben Thanh - Tham Luong).
The Standing Committee of the Ho Chi Minh City Party Committee has just concluded on the implementation plan of the Ben Thanh - Tham Luong metro project (metro No. 2).
Accordingly, the Standing Committee of the Ho Chi Minh City Party Committee basically agreed on the policy according to the report and proposal of the Party Committee of the City People's Committee on transferring all capital sources for the implementation of metro line 2 from ODA loans to using budget capital to continue implementation; at the same time, supplementing the project scale including the synchronous connection project of metro lines 1 and 2 at Ben Thanh central station to implement the next steps.
The Party Committee of the City People's Committee and the leaders of the City People's Committee are responsible for directing the Urban Railway Management Board (MAUR) to preside over and coordinate with departments, branches and relevant parties to urgently implement the plan to deploy metro project 2 according to specific mechanisms and policies, especially to develop the urban railway network according to Resolution No. 188 of the National Assembly .
Metro Line 2 (Ben Thanh - Tham Luong) has an initial total investment of 1.3 billion USD and has been adjusted to 2.1 billion USD (equivalent to from 26,000 billion VND to nearly 48,000 billion VND). The entire line is about 11km long, running through 6 districts (1, 3, 10, 12, Tan Binh, Tan Phu).
To date, the site clearance work has reached 99.83%. The technical infrastructure relocation is expected to be completed in the third quarter of 2025. The city plans to start this project in December 2025.
Currently, localities with projects passing through are also submitting urban development plans following the TOD model around the stations. In particular, Tan Phu district reviewed and selected a land area of more than 26 hectares, adjacent to Tay Thanh and Truong Chinh roads for implementation.
Construction of Ho Chi Minh City metro line 2 to start at the end of 2025
People are busy demolishing houses and handing over construction site for Metro Line 2.
Ho Chi Minh City residents complete land handover, waiting for the start of metro line 2
Source: https://vietnamnet.vn/tphcm-dung-von-ngan-sach-gan-48-000-ty-dong-lam-tuyen-metro-so-2-2379455.html
Comment (0)