A seminar to discuss initial feasibility reports on the project to build the fifth urban railway route between Hoa Lac and West Lake (Ho Tay) in Hanoi was recently held in Hanoi by the Transport Ministry in coordination with the Japan International Cooperation Ageny (JICA).
According to reports, the urban railway route, which is 41 km in length and has 9 stations in the first phase, is expected to cost several billion dollars.
At the seminar, the Transport Ministry and JICA have not decided whether the railway route is to be built on the surface or underground; with the whole route built underground, the project may cost up to US$5.34billion.
However, the Deputy-Minister of Transport, Le Manh Hung, said that the Vietnamese and Japanese Governments had agreed to build the railway route on the private-public partnership (PPP) investment model.
Leaders of the Ministry at the seminar asked involved bodies to closely cooperate and work with JICA in order to complete feasibility reports on the project in July 2012.
According to the master plan for 2030, with a vision toward 2050, Hanoi will have had 8 urban railway routes and the first two routes will be finished in 2017. Translated by Thu Nguyen