Scene at the signing ceremony (Photo: VNA)

Hanoi (VNA) – The Hanoi Metropolitan Railway Management Board on January 17 signed a deal with a joint venture of French contractors to build a section of the urban metro connecting Nhon with the Hanoi station.

The joint venture includes leading French companies, namely Alstom Transport S.A, Colas Rail S.A and Thales Communication & Security S.A.S.

The deal is worth 7,667 billion VND (334.5 million USD), sourced from loans provided by the French Government. Construction of the railway section is scheduled for completion after 47 months.

The Hanoi urban metro project has a total length of 12.5km, including an 8.5-km elevated railway and a 4-km underground section. It is estimated to cost more than 1.17 billion EUR, earmarked for nine package deals.

Once operational, the railway is expected to ease traffic jams in the capital city.-VNA