The railroad through Ho Guom is 12 years behind, with a capital of VND 16,000 billion

The Nam Thang Long – Tran Hung Dao railway would delay the completion date until 2027 – 12 years later, when 82% of the capital is invested.

The report to the National Assembly of the Ministry of Planning and Investment on 7/11 on the Hanoi City Urban Railway Project, Line 2, the section of Nam Thang Long – Tran Hung Dao, highlights the adjustments of the past time.

The project was first approved by Hanoi People’s Committee with total investment of VND 19,555 billion. However, the City People’s Committee reported to the Prime Minister that the total adjusted investment capital is 35,678 billion dong, up by 16,123 billion dong (82%) compared to the beginning. The reason is the change in investment scale (an increase of VND 1,801 billion), an increase in the exchange rate (VND 2,235 billion), price of raw materials – materials – labor – equipment – depreciation (increase of VND 6,762 billion), but changes in policies – management costs (an increase of VND 5.323 billion).

According to the report of Hanoi People’s Committee, the total investment cost of the adjusted project is 143 million USD per km. The Ministry of Planning and Investment also cited the investment costs of several other metro projects in Asia over the past 10 years. Specifically, the first phase Jakarta MRT project of Indonesia (2014) using Japanese ODA has an average cost of 165.6 million USD. Malaysian projects (2011) average investment cost is US $ 125 million per km. China’s Hangzhou 1 project (in 2007) averaged US $ 73 million per kilometer.

“Therefore, the average investment cost of the adjusted project reported by the Hanoi People’s Committee is basically consistent with the Indonesian MRT Phase 1 project (2014),” the Ministry of Planning and Investment said.

According to the revised plan, the designed train speed is also increased from 90 km per hour to 120 km, the maximum operating speed of trains on the route will reach 110 km in the elevated section, 80 km in the tunnel and 15 km per hour depot.

At the same time, Hanoi City also reduced the number of trains from 14 trains (56 cars) to 10 trains (40 cars) to operate the trains in accordance with the expected passenger flow, ensuring time. distance, convenient transportation of passengers.

Initially, the project was expected to be completed, put into operation, trial run and exploitation in 2015. However, due to a series of adjustments, the progress has been delayed until 2027.