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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

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  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
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28.9 C
Ho Chi Minh City
Saturday, April 5, 2025

Consultant for metro line 2 ends contract with HCMC

The Saigon Times

Must read

HCMC – Implementation Consultant (IC), the consulting firm of HCMC’s Metro Line 2 project, has terminated its contract with the HCMC government, according to the Management Authority for Urban Railways (MAUR) of HCMC.

MAUR has sent the HCMC government a report on the execution of the project which links Ben Thanh Market in District 1 and Tham Luong Depot in District 12, the local media reported.

According to MAUR, IC stopped supporting the project in 2018, affecting the preparation of documents for the invitation and organization of tenders for the main packages. In 2020-2021, the HCMC government and IC held negotiations on Appendix No. 13 of the consulting contract but failed to reach a consensus.

In May last year, the city decided to conclude negotiations on Appendix No. 13 and end the contract with IC. However, IC later proposed continuing negotiations to complete the design and support the bidding for the main packages.

On March 15, the city approved MAUR’s proposal to continue the negotiations on Appendix No. 13 with IC. However, at the meeting with the project’s investor on March 23, IC said it could not deploy Appendix No. 13 and announced ending the consulting contract two days later.

In 2010, the first phase of the city’s second metro line project was approved and work on the phase was expected to start in 2014 and be completed within four years. However, when the project will kick off is unknown.

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