Thursday, May 17, 2012

Preparations should be stepped up so that the construction of the US$2.25 billion Ben Thanh-Suoi Tien metro system in Ho Chi Minh City can be kicked off this September, said Nguyen Huu Tin, deputy chairman of the city People’s Committee.

He was speaking at yesterday’s signing ceremony for an Engineering, Procurement and Construction (EPC) contract for the 2nd bid package of the city’s first metro project.

The contract, which is for building overhead roads and a technical maintenance depot for the metro line, was signed between the HCMC Urban Railway Management Board and a Japanese contractor, Sumitomo, and a Vietnamese contractor, Traffic Works Construction Corporation No. 6 (Cienco 6).
Following this bid package, which is valued at JPY45 billion (US$560.6 million), the first and the third packages of the project will be developed under other contracts that will be signed in the near future.

The first bid package is for building underground works and the third is for equipment supply, the Board said.

Tin requested that the Board and other relevant agencies and district authorities accelerate site clearance to ensure the start of the construction in September.

The metro line, the first in HCMC, is expected to be 19.7 km long, including 2.6 km underground in District 1 and 17.1 km above ground in other places.

The line, which will have 11 terminals, will run through District 1, Binh Thanh District, District 2, District 9, and Thu Duc District in HCMC before reaching Di An Town in Binh Duong Province.

The project’s estimated investment is VND47 trillion ($2.25 billion), most of which is sourced from Japanese ODA, and the rest from the State budget.

The metro system is expected to be completed in 2017 and put into operation one year later.

The system will contribute to meeting the increasing demand for travel and reducing air pollution from vehicle emisions, the Board said.


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