The design plan for the metro line project in Phu Quoc Island. Photo from the investor.
The An Giang Province People’s Council approved the nearly VND 9 trillion (approximately USD 356 million) investment policy for phase one of the Phu Quoc urban metro project on October 24.
The metro line will span nearly 18 kilometres and feature between five and seven stations. Each train will consist of three to five carriages, with a design speed ranging from 70 to 100 kilometres per hour.
Under the project’s financial structure, state capital will account for no more than 70 per cent of total investment, equivalent to over VND 6.2 trillion (approximately USD 245 million). In comparison, the investor or project enterprise will contribute at least 30 per cent, equivalent to more than VND 2.6 trillion (approximately USD 103 million).
Photo from the investor.
Construction is expected to start in the fourth quarter of 2025 and be completed by the second quarter of 2027. Once operational, the urban metro line will help serve the 2027 APEC Summit, improve public transport connectivity for residents and tourists, reduce traffic accidents and emissions, and contribute to the development of a green urban area in Phu Quoc by 2030.