Hanoi raises investment in urban railway project

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Hanoi raises investment in urban railway project

(Photo for illustration only. Source: HNM)

The Hanoi People’s Committee has decided to raise the total investment capital for the pilot urban railway route running from Nhon in Tu Liem district to Hanoi Railway Station to 1,275 million EUR, up 492 million EUR from the initial capital.

The additional capital will be spent on construction and equipment (292 million EUR), land clearance, management and other expenditures (200 million EUR), the municipal People’s Committee said in a document on Sept. 8.

The Committee attributed the rising costs to changes in the price of construction materials and the increase of minimum wages over the past time, as well as inaccurate calculation of the construction volume.

The project is part of Hanoi’s master plan until 2020, under which five urban railway routes will be constructed in the capital city.

Source: VNA

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