Ho Chi Minh City proposes new metro line worth $1.84 billion

The city is seeking parliamentary approval to implement the first phase of the project with possible loans from Europe.

Ho Chi Minh City is seeking the National Assembly’s approval to implement the first phase of Metro Line No.5 with total investment capital of VND41 trillion ($1.84 billion).

The municipal administration recently submitted a proposal to the government for Phase 1 of the urban rail project, according to the city's Management Authority for Urban Railways.

Ho Chi Minh City is accelerating the development of its urban railway network, including its first metro line in this picture. (Photo:VnExpress)
Ho Chi Minh City is accelerating the development of its urban railway network, including its first metro line in this picture. (Photo:VnExpress)

As one out of three urban railways that have been given top priority for 2016-2021, Metro Line No.5 would run for nine kilometers and connect Metro Line No.2 at Tan Binh District's Bay Hien Interchange with Metro Line No.1 at the Saigon Bridge Station.

The European Investment Bank alongside the German Reconstruction Bank have offered a combined $381 million loan, while the Spanish government has pledged $299.38 million, which would cover nearly 40 percent of the total investment.

The remainder will be provided by the Asian Development Bank ($517.11 million) and Vietnam’s state budget ($504 million).

The Metro Line No.5 is scheduled to open by 2025, and will be able to withstand level-7 magnitude earthquakes.

Most of the line will be underground but 1.43 km will be along elevated rail with six trains traveling at maximum speeds of 90km per hour.

According to the proposal, this project will require more than 30 hectares (74 acres) of land, including residential areas covering 46,000 square meters and affecting 1,381 households. Site clearance will be completed in 2018 or 2019.

VnExpress

Other News

Vietnam moves to adapt to rapid population ageing, expand silver economy

Vietnam moves to adapt to rapid population ageing, expand silver economy

The International Day of Older Persons 2026, themed “The Age of Longevity: Rethinking Systems for Longer Lives,” highlights the need to develop healthcare, social security, labour-market and social-service systems in response to increasing life expectancy. For Vietnam, rapid population ageing is not only a demographic issue but also a development challenge.

Vietnamese, Lao localities bolster Front cooperation

Vietnamese, Lao localities bolster Front cooperation

Both sides agreed to keep educating officials, Party members, youth union groups and the broader public, especially young people in both provinces, on the great friendship, special solidarity, comprehensive cooperation and strategic cohesion between Vietnam and Laos.

Urgent rescue launched for Merchant Mariner off Quang Ngai

Urgent rescue launched for Merchant Mariner off Quang Ngai

The captain discovered water entering ballast tanks No. 4, 5 and 6 on the port side, causing the vessel to list slightly. Initial assessments indicated that the vessel may have struck an underwater rock formation while underway.

Publishing copyright caught in crossfire of piracy, AI

Publishing copyright caught in crossfire of piracy, AI

Publishing copyright is entering an entirely new phase. As AI becomes increasingly capable of generating text, summarising books, mimicking writing styles and producing content at enormous speed, ensuring copyright protection is becoming more difficult.

Heavy rains cause widespread damage in Phu Tho, Thanh Hoa

Heavy rains cause widespread damage in Phu Tho, Thanh Hoa

Prolonged heavy rains from September 13–17 have caused flooding and landslides, damaging homes, crops, roads and infrastructure in Phu Tho and Thanh Hoa provinces, with local authorities mobilising forces for emergency response.

Quang Ninh police bust 38.4 million USD transnational cybercrime ring

Quang Ninh police bust 38.4 million USD transnational cybercrime ring

Quang Ninh city's Public Security Department warned individuals, agencies and businesses not to publicly disclose or provide personal information or bank account details on social media, and urged organisations and businesses to strictly comply with regulations on protecting customers’ personal data.

Search area expanded to recover more martyrs' remains in Quang Tri

Search area expanded to recover more martyrs' remains in Quang Tri

The continued recovery of martyrs’ remains provides valuable information and further evidence of those who fought and sacrificed their lives for national independence and freedom. It also encourages search teams to persist in locating fallen soldiers still lying on former battlefields, contributing to the effective implementation of the 500-day campaign and reflecting Vietnam’s long-standing tradition of gratitude.

Vietnam to screen students nationwide for five health risks from 2028

Vietnam to screen students nationwide for five health risks from 2028

Vietnam will launch nationwide screening for five groups of school-related diseases and health conditions among students from preschool through high school from 2028, including overweight and obesity, refractive errors, spinal curvature, oral diseases and mental health disorders.