Last update: 14:45 | 11/07/2017
Hanoi plans to auction 6,000 ha of land in order to build ten urban railway lines from now to 2030.
According to its transport plan to 2030 and vision to 2050, approved by the Prime Minister, the city will build ten urban railway lines with a total length of 417.8 km.
Total investment capital is over $40 billion. Demand for investment capital from 2017 to 2020 is $7.55 billion, 2021 to 2025 $7.6 billion, 2026 to 2030 $3.56 billion, and after 2031 $21.3 billion.
The Hanoi’s People Committee said investors registering for projects are Vingroup, Xuan Thanh Group, the Lung Lo 5 Joint Stock Company, Mosmetrotroy (Russia), Tan Hoang Minh Group, Licogi MIK Group, and Lotte Group (South Korea).
The lines are Line 1 (Ngoc Hoi - Yen Vien - Nhu Quynh), Line 2 (Noi Bai - Thuong Dinh - Buoi), Line 3 (Cat Linh - Ha Dong - Xuan Mai), Line 4 (Troi- Nhon - Yen So), Line 5 (Me Linh - Sai Dong - Lien Ha), Line 6 (Van Cao - Hoa Lac), Line 7 (Noi Bai - Ngoc Hoi), Line 8 (Me Linh - Ha Dong), Line 9 (Son Dong - Mai Dich - Duong Xa), and Line 10 (Son Tay - Hoa Lac - Xuan Mai).
Based on directions from the Prime Minister, the People’s Committee will focus on directing selected investors to complete pre-feasibility studies for submission to the government before August 30. Projects will then be submitted to the National Assembly for approval at the end of this year.
Hanoi has also proposed adding the 6,000 ha of land to the land use planning for 2011-2020, raising VND300 trillion ($13.2 billion) in reciprocal capital.
The first train and La Khe Station on the Ha Dong- Cat Linh line opened to public viewing in May. The line will have 12 stations and one depot and some 90 per cent has been completed.
VN Economic Times