First HCMC metro tracks due this month

Oct 10th at 13:16
10-10-2017 13:16:52+07:00

First HCMC metro tracks due this month

The first set of tracks and sleepers will be installed on HCM City’s 19.7km metro line No 1 from Ben Thanh Market to Suoi Tien Tourist Park on October 23, the director of the project has said.

 

Duong Huu Hoa said the tracks would be installed at the section between Binh Thai Crossroads and Ha Noi Highway by Japanese contractor Hitachi.

According to City Management Authority for Urban Railways (MAUR), work on the first metro line is on track, including a package for construction of the 17.1km section above ground and the maintenance depot, with 70 per cent of the works completed.

Japanese contractor Shimiwu-Maeda has completed 51 per cent of the work under another package, this one to build the 2.6km underground section between Ba Son Shipyard (on Ton Duc Thang Street) and the Municipal Theatre on Dong Khoi Street in District 1.

The route runs through districts 1, 2, 9, Binh Thanh and Thu Duc in HCM City and part of Di An District in Binh Duong Province, including 17.1 km along the Ha Noi Highway.

After years of delay due to numerous adjustments, the cost of the project has risen to over VND47 trillion (US$2.49 billion). The work started in August 2012 and the metro line is expected to start operating in 2020.

Tracks would be laid in the elevated section between Ba Son terminal and Long Binh maintenance depot next month, Le Nguyen Minh Quang, director of MAUR, said

Speaking to the media last September he had said that nearly 70 per cent of the elevated section was complete.

As much as VND5.2 trillion ($228.9 million) would be needed this year to finance construction but the Ministry of Planning and Investment has allocated only VND2.9 trillion, he said.

bizhub



NEWS SAME CATEGORY

Ben Tre targets 5,000 firms by 2020

Southern Ben Tre Province has targeted to open 500 new firms each year, bringing the total number of enterprises to 5,000 by 2020.

First VN Business Summit to be held

The first-ever Viet Nam Business Summit will be held in Da Nang City on November 7 within the framework of the Asia-Pacific Economic Cooperation (APEC) meeting of...

Global franchisers, retailers eye VN

With its rapidly growing economy and 95 million population of whom 60 per cent are young consumers, Viet Nam is an attractive destination for global franchising and...

2017 GDP growth target of 6.7% in sight: NFSC

The National Financial Supervisory Committee (NFSC) anticipates gross economic growth of Viet Nam in 2017 will be more than 6.7 per cent.

More efforts needed to reach the skill gap in Viet Nam

Amid increasing demand for talent from existing and newly established businesses, employers are facing challenges in finding the right candidates, according to a...

Vietnamese, Malaysian firms share experience in regional integration

Vietnamese and Malaysian businesses shared experience in regional integration at a conference and a forum in Kuala Lumpur, Malaysia, on Sunday.

Suntory PepsiCo CEO: seasoned veteran talking of prospects in Vietnam

Suntory PepsiCo’s Indian CEO Shankar Sinha talks with VIR about his long corporate career, his recent posting in Vietnam, and market prospects.

PM approves plan for loss-making projects

The Prime Minister recently issued a decision outlining solutions for loss-making projects under the management of the Ministry of Industry and Trade. The aim is to...

Better assets management delivers tangible gains

Improved public assets management has helped prevent losses, waste, corruption and other acts of infringement, experts said at a conference on Friday.

Salary hikes to stay ahead of inflation in 2017, 2018: survey

Salary increases this year at both multinationals and major local companies have in general been higher than inflation rates, a survey by Mercer, a global provider...


MOST READ


Back To Top