Ho Chi Minh City needs nearly $35 billion for 10 metro lines

In a recent transport meeting, Tran Quang Lam, director of Ho Chi Minh City Department of Transport (DoT), said that the department has worked with relevant departments and units to formulate the metro project, proposing development directions, investment forms, and capital mobilisation plans.

In addition, specific mechanisms are also brought forward to accelerate investment preparation procedures and facilitate investment in the city’s urban railway network until 2035. New routes are expected to be added to the adjusted general planning for Ho Chi Minh City in 2040, with a vision for 2060.

By 2035, the city will have completed around 182.49km of metro lines, including Metro Line 1 (40.8km), Metro Line 2 (20.22 out of 62.8km), Metro Line 3 (29.53 out of 62.17km), Metro Line 4 (36.82 out of 43.4km), Metro Line 5 (32.5 out of 53.87km), and Metro Line 6 (22.85 out of 53.8km).

By 2045, the city will have another 168.36km of metro lines by completing the remaining sections of Metro Lines 2, 3, 4, 5, and 6 and building Metro Line 7.

Accordingly, the remaining sections of Metro Line 2 are 42.8km, Metro Line 3 (32.64km), Metro Line 4 (6.58km), Metro Line 5 (21.37km), and Metro Line 6 (30.95km) will be completed. Meanwhile, Metro Line 7 will be 51.23km in length.

By 2060, the city will continue to build Metro Lines 8, 9, and 10, bringing the total length of the city’s urban railway system to 510.02km. Specifically, the length of Metro Line 8 is 42.8km, Metro Line 9 with 28.31km, and Metro Line 10 with 87.84km.

The total capital for 10 metro lines in the city is estimated to reach around $34.5 billion.

At the meeting, experts said that the problem of capital resources is the key for the city to complete its urban railway system. The city should clarify the investment forms, capital mobilisation methods, and breakthrough mechanisms, especially financial policies, to fulfill the target.

Source: Vietnam Investment Review