thue may photocopy

Foreign consultancy firms needed for Metro line No.5 phase I

PDFPrintE-mail

Foreign consultancy firms are called to evaluate the construction and investment plan for the first stage of Urban Metro Line No.5 that stretches from Bay Hien intersection in Tan Binh district to Saigon Bridge in Binh Thanh district in Ho Chi Minh City.   

Foreign consultancy firms needed for Metro line No.5 phase I, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

The Ministry of Planning and Investment (MPI) has proposed the prime minister to approve to hire either foreign consultancy firms or foreign-invested consultancy joint venture units to evaluate the project in order to avoid repeated adjustments after approval, which happened at previous metro lines, according to newswire Vneconomy.

According to MPI, this is a large-scale project which uses complex technology, thus, hiring foreign consultancy firms would ensure objectivity during the evaluation.

According to the plan, the first phase of Metro Line No.5 will have a total length of 8.9km, including 7.46km underground and 1.43km aboveground, with nine stations.

It is expected to have a total investment capital of €1.5 billion ($1.83 billion), including €275 million ($336.5 million) loan from Spain, €475 million ($581.3 million) loan from the ADB, €200 million ($244.7 million) from KfW, €150 million ($183.5 million) from the European Investment Bank, and €462.71 million ($566.3 million) from the city’s budget.

In the first stage, the line will be connected with Metro Line No.1 at Saigon Bridge and Metro Line No.2 at the Bay Hien intersection. The following stage will connect with Metro Line No.3b at the Hang Xanh intersection and Metro Line No.4 at the Phu Nhuan crossroads.

The project’s investment planning is expected to be approved at the National Assembly meetings this year.

On another side, Ho Chi Minh City plans to organise a bidding this year to select investors to develop Metro Line No.5 phase II under the public-private partnerships (PPP) model.

The first phase of Metro Line No.5 is a priority project as it will serve as a transit system among other lines in the city.

Ho Chi Minh City plans to build a total of eight metro lines, one tramway line, and two monorail lines, but currently only Metro Line No.1 between Ben Thanh and Suoi Tien is under construction and is scheduled for completion in 2020.

Source: VietNamNet

Related news items:
Newer news items:
Older news items:

Massage Vietnam

euro super

 

 

 

 

 

Auto Leaf Spring by 19-8 Mechanical JSC Company

bóng đèn

Bioscope health care Innovation

anduy interior

 

du lịch biển thiên cầm

Latest News

Tuan finishes second at Singha TATP Tour

Tuan finishes second at Singha TATP Tour

Vietnamese tennis player...
22 May 2018
$100m programme to train teachers

$100m programme to train teachers

Nearly 28,000 high school...
22 May 2018
Beach tours popular this summer: travel firms

Beach tours popular this summer: travel firms

Travel firms in HCM City...
22 May 2018
Localities asked to prevent Ebola from entering Vietnam

Localities asked to prevent Ebola from entering Vietnam

The health sector has...
22 May 2018