The People’s Council of Vietnam has announced plans to invest $3.8 billion for four Hanoi Urban Railway lines during the period 2017-20. The four lines are Ga Hanoi-Hoang Mai, Tran Hung Dao-Thuong Dinh (Line 2), South Thang Long-Hanoi (Line 5) and Van Cao-Hoa Lac. These projects will be built on a PPP basis.
Hanoi plans to develop an urban rail network of more than 417 km. The government has planned investment for different periods – $7.5 billion in 2017-20, $7.6 billion in 2021-25, more than $3.5 billion in 2026-30 and more than $21.3 billion after 2031.
Further, two new metro lines have been approved by the Hanoi government. One line will span from Tran Hung Dao Street in Hoan Kiem district to Thuong Dinh Street in Thanh Xuan. It will be developed in two stages. Section 1 will span 11.5 km from Nam Thang Long to Tran Hung Dao. It will be developed at an investment of $854.34 million and will be funded by JICA. Construction is expected to begin in the third quarter of 2018 and be completed by 2024. The other line is proposed to be developed between Hanoi station and Hoang Mai district.