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US$12.7 billion for urban railways in Hanoi and Saigon 22nd July 2008                

The Ministry of Planning and Investment has said that the estimated investment for building inner railway systems in Hanoi and HCM City from now to 2020 is $12.7 billion, foreign capital accounting for 77%.

Of the sum, around $7.3 billion (80% ODA) is needed for the railway system in Hanoi: three major and two branch routes totalling 128km.

According to the Ministry of Transport, research on the five inner railway routes in Hanoi is underway, namely the monorail Ngoc Hoi-Yen Vien route ($1.7 billion), Tu Liem-Nam Thang Long routes ($1.9 billion), Nhon-Hanoi Railway Station ($767 million), Hanoi-Ha Dong ($470 million) and Daewoo-Lang-Hoa Lac ($600 million). The construction of the Nhon-Hanoi Railway Station route began in 2006.

In HCM City, the inner railway system will comprise two kinds: six routes of underground metro totalling 92km and tramcar or monorail. The total capital needed for this system is around $5.5 billion, 80% of which will be ODA capital.

Four routes are planned: Ben Thanh-Suoi Tien ($1.09 billion), metro route 2 ($1.3 billion), metro 3a route ($880 million) and metro 4 route (over $1 billion).

The Ministry of Planning and Investment said urban transport projects often require huge investment and a long time for construction so they are not attractive to investors. Most of the projects being researched will use ODA. The total ODA committed to these projects is over $4.8 billion – 48.3% of the required sum ($9.8 billion).

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