HCMC – The HCMC government has proposed retaining surplus revenue from its budget collection target for the 2026-2030 period to fund its urban railway projects.
In a report submitted to the Ministry of Finance, the city outlined this as one of five key capital-raising orientations. The proposal is part of broader efforts to secure funding for its metro system, as outlined in the Politburo’s Conclusion No. 49.
The city estimates it will need US$62.59 billion in public investment from 2026 to 2030, with 35% of it to be allocated to urban railway projects. These projects will require substantial funding beyond current budget allocations.
Due to budget shortfalls, HCMC is exploring alternative funding options, including loans and large-scale projects backed by official development assistance (ODA).
The city expects to generate US$6.5 billion from auctioning land around urban railway stations, while additional funds will be sourced from central government support, local bond sales, and domestic and foreign loans.
HCMC estimates that US$22.3 billion will be required for urban railway development between 2026 and 2030. Of this amount, US$7.2 billion is expected to come from the city budget, with the remainder covered by bond issues and support from the central Government.
For the period from 2031 to 2035, the city’s metro projects will need a further US$15.1 billion, with significant contributions from both local and central government resources.
The Politburo’s Conclusion No. 49 requires HCMC to build an additional 200 kilometers of urban railway over the next 12 years, with four to five years allocated for planning and seven to eight years for construction.
