Hanoi has submitted a proposal to invest over VND65trn (USD2.7bn) in Metro Line 5 project linking Van Cao Street and the Hoa Lac High-tech Park. The proposal was submitted to the prime minister in the pre-feasibility study report. Hanoi authorities suggested setting up a national appraisal council to review the proposal before submitting it to the National Assembly in late 2020. In the proposal, Hanoi authorities suggested carrying out the project in one phase and to increase the number of stations from 17 to 21. It will use the investment from the city’s budget and the project delivery partner model. Hanoi authorities also asked the PM to let them set up a project to assemble train carriages for urban metro lines. Other related agencies were asked to draft plans to develop support industry to be less dependent on foreign sources. Metro Line 5 will run through seven districts. It has 6.5km underground and 2km elevated railways. After running underground through Van Cao, Lieu Giai and Nguyen Chi Thanh Street, it will move up to Thang Long Avenue. An elevated section will be built above the Le Quang Dao Street and the western national railway system in Hanoi. There will be… Read full this story
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