The Hanoi People's Council has approved a plan to select a contractor for the technical support project in preparation for Metro Line No. 3 running from Hanoi Railway Station to Hoang Mai district.
At a meeting of the Hanoi People's Council (Photo: hanoimoi.vn)
The plan is part of a broader resolution which also facilitates research and construction support for an integrated urban transport system.
The technical support project involves eight packages of consulting and non-consulting services using non-refundable official development assistance worth 308 billion VND (12.8 million USD) from the Asian Development Bank (ADB) and the European Union (EU).
Expected to cost 40.5 trillion VND, the 8.7 km metro line will be mostly underground, from downtown Dong Da district to southern Hoang Mai district, along the Tran Hung Dao – Tran Thanh Tong – Kim Nguu – Tam Trinh streets.
Funding will come from a combination of sources, including 274.1 million USD from the city’s budget and nearly 1.5 billion USD in foreign loans from the ADB, Germany's KfW Development Bank, and the French Development Agency (AFD).
Once operational, Metro Line No. 3 is expected to significantly improve traffic flow and reduce congestion in Hanoi. The line is designed to carry 488,000 passengers daily, providing a vital transportation link between the city centre and the western and southern districts./.
VNA
