Terminal plans
Deputy Prime Minister Hoang Trung Hai has approved of the technical support plan to strengthen sustainable urban transport from ADB.
Previously, the Ministry of Planning and Investment, State Bank of Vietnam, Ministry of Finance, Transport and Construction gave their opinions and agreed on the technical support plan proposed by the ADB. The urban railway development plan will get USD1.1 million, USD1 million of which is in non-refundable aid.
Hai directed Hanoi authorities to co-ordinate other departments to assist with finalisation procedures. The State Bank of Vietnam will sign the contract with the ADB to receive the funds.
The urban railway plan no.3 connect Nhon to Hanoi Station, with USD1 billion in investment, started in September 2010. The line is expected to be 12.5 kilometres long, with 8.5 kilometres on land (from Nhon to Thu Le Park) and 4 kilometres underground (from Thu Le Park to Hanoi Station). Four of the stations will below ground, with the rest situated on the surface.
According to the current schedule, it is set to be put into operation in 2015. The train will run at a maximum speed of 80 km per hour and service five districts, including Tu Liem, Cau Giay, Ba Dinh, Dong Da and Hoan Kiem.
