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Metro Line No. 1 project to get going this September
By Le Anh - The Saigon Times Daily
Thursday,  May 17, 2012,21:35 (GMT+7)

Metro Line No. 1 project to get going this September

By Le Anh - The Saigon Times Daily

Representatives of the HCMC Management Authority for Urban Railways, Sumitomo Corporation and Cienco 6 sign the contract to develop the overhead section of the Metro Line No. 1 - Photo: Anh Quan
HCMC – HCMC vice chairman Nguyen Huu Tin on Wednesday urged district authorities to promptly hand over cleared site for the Metro Line No. 1 project to get off the ground in September this year.

He was speaking at the signing ceremony of a contract to build the overhead section of the Metro Line No. 1 running from Ben Thanh Market to Suoi Tien Theme Park. The deal was signed between the HCMC Management Authority for Urban Railways and the contractor being a consortium of Japan’s Sumitomo Corporation and Vietnam’s Civil Engineering Construction Corporation No. 6 (Cienco 6).

The contractor will take charge of design survey, execution, equipment supply, testing, operation, utility services and maintenance station, as said in the contract appendix. The bidding package is worth 45 billion yen, or some US$560 million.

There are still two other packages, including a package for construction of the underground section connecting Ben Thanh Market and Ba Son Shipyard and one for mechanical-electrical devices and maintenance.

The elevated section of the Metro Line No. 1 starts from Ba Son, crossing Van Thanh, and Tan Cang, then running along Hanoi Highway to Suoi Tien Park, stretching a total of 17.1 kilometers with 11 stations.

Although the HCMC government has twice extended the deadline for site handover, the district authorities have yet to fulfill their duty. Therefore, Vice Chairman Tin urged the district authorities to timely hand over cleared site in September for the metro project to get going.

The Metro Line No. 1 has the total length of 19.7 kilometers, consisting of a 2.6-km underground section and a 17.1-km overhead section, with three underground stations and 11 elevated stations. The project is planned for completion in 2017 and starting operation in 2018.

The project originally required US$1.09 billion, which will be funded by the official development assistance (ODA) capital and the State budget. However, because of adjustments in some investment portfolios and exchange rate fluctuations, the total investment capital has been revised up to US$2.07 billion.

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