The Department of Planning and Investment has been tasked to review the entire process of implementing the project, especially legal grounds, and exactly determine the total investment level of the project. In addition, the agency has been required to check contracts and negotiation minutes of bid package contracts to ensure all have abided by the law and prevent loss and damage for the state budget. The city has required the investor of the project, HCMC Urban Railway Management board, and those who have committed wrongdoings to seriously implement conclusions and proposals by the State Audit Office and report results before March 31. So far, 62 percent work volume of Ben Thanh-Suoi Tien metro line has been done. Previously, the State Audit Office of Vietnam reported that the project implementation process contained lot of wrongdoings and the city’s approval of total investment capital adjustment in 2011 neither showed the right value nor followed the right process and order … [Read more...] about HCMC reviews responsibilities of relevant ones for wrongdoings in 1st metro line
Metro north hudson line
He was speaking at a meeting between deputy chairman of HCMC People’s Committee Tran Vinh Tuyen and the board and relevant agencies and districts on the progress of the first metro line project and the second metro line project Ben Thanh-Tham Luong. Mr. Cuong said that after he took office, the board has met contractors to listen to and solve their difficulties to speed up the work progress. About 62 percent of the work volume has been done. In 2018, the project got stuck with legal procedures to adjust total investment capital so the Ministry of Planning and Investment did not allocate official development assistance funds for the city to build the route. The city had to advance VND1 trillion (US$43.05 million) on its budget for the project. So far, the city has provided a total of VND3,273 billion ($140.96 million) in advance for the project. Of these, VND600 billion has been refunded. In order to ensure payment for contractors of bid packages according to contracts, the … [Read more...] about HCMC’s first metro line project in pursuit of opening to traffic by 2020
More than 50 percent of the project has been completed, but it has been constantly hampered by a lack of funds. This means the Ben Thanh-Suoi Tien metro line is unlikely to be completed by 2020 as scheduled. Approved in 2005, Ho Chi Minh City's Ben Thanh-Suoi Tien Metro Line 1 will run 20 kilometers (12 miles) through the city's 1, 2, 9, Binh Thanh and Thu Duc districts, and the neighboring Binh Duong Province's Di An District. Work on the line kicked off in August 2012 with a total investment of nearly VND50 trillion ($2.14 billion). It was initially scheduled to be put into operation in 2017. Land clearance issues and lack of funding have however pushed the scheduled completion date to 2020. The line, which runs parallel to Hanoi Highway in this photo, is currently over 50 percent completed but work remains slow, with many sections having very few workers on site. According to Hoang Nhu Cuong, deputy head of the urban railway management board, the line's construction cost for this … [Read more...] about Six years on, Saigon’s first metro line nowhere near completion
The Hanoitimes - Deputy PM Trinh Dinh Dung has ordered the Ministry of Transport and Communication to conduct the pre-feasibility study report of the North - South high-speed railway project in order to submit to the National assembly. In addition, the Ministries of Planning and Investment, Finance, Natural Resources and Environment are requested to coordinate with the Ministry of Transport and Communication to accelerate the compilation and assessment of the report and submit to relevant authorities. Deputy PM orders conduct the pre-feasibility study report of North - South high-speed railway project. The Prime Minister granted approval for the adjustment of the Vietnam railway development strategy until 2020 with vision to 2050 to meet the increasing demand for transportation and enhance connection of big cities across the nation. From now to 2020, the Ministry of Transport and Communication will research the construction of a new high-speed rail route with double-track … [Read more...] about Deputy PM orders conduct the pre-feasibility study report of North – South high-speed railway project
Despite the fact that the construction of Metro Line No.2 connecting South Thang Long and Tran Hung Dao has been delayed for ten years now, the Hanoi People’s Committee proposed the government to add VND16.1 trillion ($701.78 million) to the project, increasing its total investment capital to VND35.7 trillion ($1.56 billion). Metro Line No.2 has been delayed for 10 years (Illustration image) Approved in November 2008, the project is invested by Hanoi Metropolitan Railway Management Board (MRB) with the total investment capital of VND19.55 trillion ($857.5 million) by the Japan International Cooperation Agency (JICA). Under the approved plan, the metro line will be 11.5 kilometre long, nearly 9km of which will run underground and 2.6km above the surface. It consists of a 17.5-hectare depot in Xuan Dinh ward, North Tu Liem district, and ten stations, including three elevated and seven underground. The project was expected to come into operation in 2017, however, the … [Read more...] about Long delayed Metro Line No.2 may be added $701.78 million?