Monday,  Jul 16, 2018,04:21 (GMT+7) 0 0
South Korea finances feasibility study for HCMC’s monorail project
Le Anh
Thursday,  Oct 5, 2017,18:23 (GMT+7)

South Korea finances feasibility study for HCMC’s monorail project

Le Anh

HCMC People’s Committee Chairman Nguyen Thanh Phong (L) shakes hand with a leader of South Korea’s Busan City after signing an MoU on Korean support for the Monorail Line No.2 project in this file photo - PHOTO: MAUR

HCMC - The Korea International Cooperation Agency (KOICA) will give HCMC US$2.04-million funding to conduct a feasibility study for the city’s Monorail Line No.2 project.

According to the HCMC Management Authority for Urban Railways (MAUR), it will take 12 months, from June 2019 to May 2020, to complete the feasibility study.

The project will use unmanned train powered by electricity that has wheels with rubber tires and runs on dedicated rails at a speed of 30-70 kilometers per hour. With six cars, the train will have a seating capacity of 316 passengers.

In a visit by HCMC People’s Committee Chairman Nguyen Thanh Phong to South Korea in May 2017, the governments of HCMC and Busan City signed a memorandum of understanding (MoU) on developing the Monorail Line No.2 project.

The Korean side agreed to assist HCMC in conducting a feasibility study costing US$2.04 million for the project. The study will be financed by KOICA’s untied loan.

Monorail Line No 2 stretching more than 27 kilometers will run from National Highway 50 to Binh Quoi Urban Area. Its depot will be built in Phong Phu Ward, Binh Chanh District, covering over 10 hectares.

According to Decision No. 631/QD-TTg issued by the Prime Minister on April 29, 2014, Monorail Line No.2 is among projects of national importance awaiting foreign investors until 2020.

HCMC has plans to develop eight metro lines, one tramway line and two monorail lines, including Monorail Line No.2 from National Highway 50 to Binh Quoi Urban Area and Monorail Line No.3 stretching 16.5 kilometers from Phan Van Tri-Nguyen Oanh Intersection to Tan Chanh Hiep Station.

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