82% rise proposed for investment of Hanoi’s urban railway No.2
The Hanoi Metropolitan Railway Management Board has submitted a proposal to the city People’s Committee on the adjustments of investment policy for the Hanoi urban railway line No.2 (Nam Thang Long - Tran Hung Dao).
A graphic design of Station C9 - Hoan Kiem Lake of the Hanoi urban railway line No.2 (Source: Hanoi People's Committee)
Hanoi (VNA) – The Hanoi Metropolitan RailwayManagement Board has submitted a proposal to the city People’s Committee on theadjustments of investment policy for the Hanoi urban railway line No.2 (NamThang Long - Tran Hung Dao).
Under the proposal, the board suggested the increase the investmentof the section by 82% to 35.67 trillion VND (1.43 billion USD).
It also suggested that the line should have an 8-9kmunderground section and a 2.6km elevated section.
Total land demand for the project should be changed to 92.04hectares instead of 49.06 hectares previously, it proposed, explaining that thedemand increases due to the re-defining of the protection corridor for theelevated parts of the line, and the expansion of the boundary of theunderground section on the basis of the master plan of the route and stationsapproved by the city People's Committee.
The board also give explanations on the rise in investment ofthe project, mostly from the update of construction material prices, andchanges in policies and regulations related to the defining and management ofinvestment cost.
At the same time, the completion time of the project shouldalso be changed to 2034, the board proposed.
The Nam Thang Long - Tran Hung Dao urban railway project wasapproved in 2008. It is designed to have 11.5km, including 8.5km undergroundsection and 3km elevated section.
The project has initial investment of 19.55 trillion VND, with 16.48trillion VND being loans the Japan International Cooperation Agency./.
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A graphic design of Station C9 - Hoan Kiem Lake of the Hanoi urban railway line No.2 (Source: Hanoi People's Committee) 
