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Tuesday, July 23, 2024

Govt calls for foreign investment in metro line projects in HCMC

The Saigon Times

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HCMC – Deputy Prime Minister Pham Binh Minh yesterday, December 3, approved a list of projects to attract foreign investment in the 2021-2025 period, including three metro line projects in HCMC.

The Government aimed to call for US$4.57 billion in foreign investment for the 36.2-kilometer fourth metro line project in HCMC, set to pass through districts 1, 3, 4, 7, 12, Go Vap, Phu Nhuan and Nha Be, Tuoi Tre Online newspaper reported.

The Government will also call for foreign investment for the metro line project No. 3, which was designed to be 19.58 kilometers long and requires an investment of some US$1.82 billion, and the second phase of the second metro line project, which will have a length of 9.1 kilometers and need an estimated investment of nearly US$1.5 billion.

The foreign investment in the three metro line projects in HCMC in the next five years will help the city complete its metro line system, thus improving its public transport capacity.

Besides the metro line projects, the Government will call for foreign investment for many other large infrastructure projects in HCMC and the adjacent provinces.

In the railway sector, the Government will attract foreign investment for the Trang Bom-Hoa Hung railway project connecting HCMC, Binh Duong and Dong Nai provinces; the Bien Hoa-Vung Tau route; the Di An-Hoa Lu route linking HCMC, Binh Duong and Binh Phuoc; and the Thu Thiem-Long Thanh light railway system with an investment of US$2.97 billion, US$2.47 billion, US$1.4 billion and US$147 million, respectively.

Multiple road projects in HCMC were also approved for foreign investment attraction, including the 69-kilometer HCMC-Thu Dau Mot-Chon Thanh expressway and the 48-kilometer section Binh Chuan-National Highway 22-Ben Luc of the third belt road in HCMC. The two projects need a respective estimated investment of US$1.1 billion and US$863 million.

In total, the Government will call for foreign investment for 157 projects in nine sectors in the 2021-2025 period, including 34 traffic infrastructure projects, 31 infrastructure projects in economic and industrial zones, 11 IT infrastructure projects and eight waste and wastewater treatment projects.


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