Hanoi proposes investing 2.81 billion USD in new urban metro line hinh anh 1The train design for Hanoi's metro line No3 connecting between Hanoi Railway Station to Hoang Mai district and line No 5 from Van Cao to Hoa Lạc. (Photo: nhandan)

Hanoi (VNA) –
The People’s Committee of Hanoi has asked the Government to give a final decision on the project for building urban metro line No. 5 from Van Cao Road to Hoa Lac Road so the project can be submitted to the National Assembly for approval by the end of this year.

The new metro line is among the two key metro projects of the capital city. It has the total estimated funding of over 65.4 trillion VND (around 2.81 billion USD).

The total route is more than 38km, with a 6.5km underground section and 2km of elevated track. It will have 21 stations, with six underground. The project is scheduled to start in 2022 and be completed in 2026.

The project aims to reduce urban traffic density and improve travel conditions for passengers from the suburbs to the city centre.

The city has proposed getting the funding from the city budget and running the project in the PDP (project delivery partner) mode instead of the BT (build-transfer) investment model as previously.

To implement the project soon, the municipal People’s Committee has proposed Prime Minister Nguyen Xuan Phuc establish a State appraisal council to conduct the pre-feasibility study report for the project before submitting it to the National Assembly for approval by the end of this year.

The urban metro line No. 5 will pass through seven districts, including Ba Dinh, Dong Da, Cau Giay, Nam Tu Liem, Hoai Duc, Quoc Oai and Thach That.

Out of the total investment, 24.84 trillion VNDwill be spent for the infrastructure construction and 16.63 trillion VND for the equipment.

Hanoi plans to operate 25-40 trains on the line./.