An underground section of metro line No. 1 is being built (Photo: VNA) Hanoi (VNA) – The Management Authority for Urban Railways (MAUR) of Ho ChiMinh City estimates nearly 42 trillion VND (nearly 1.85 billion USD) is needed tobuild phase I of metro route No. 5.
MAURhas submitted a proposal on the investment to the municipal People’s Committee.
Then, the investment proposal will be submitted to the Prime Minister and theNational Assembly for consideration and approval.
Accordingly,phase I of metro route No. 5 will stretch nearly 9km from the intersection ofBay Hien, which crosses metro line No 2 in Tan Binh district, to Sai Gon Bridgein Binh Thanh district where line No. 5 will be connected with metro line No.1.
About7.5km of route No. 5 will go underground.
Ifthe proposal is approved, route No. 5 will be put into operation in 2025 withsix trains. The six-carriage trains are expected to travel at nearly 37km perhour on average and 90km per hour at the maximum.
Mainloan providers for this project are the Spanish Government, AsianDevelopment Bank, and German development bank KfW.
A total of eight metro lines will be built in the southern economic hub, which has beenstruggling with traffic jams.-VNA
VNA
