The Ho Chi Minh City People's Committee issued a Decision on the establishment of a dossier appraisal council to propose approving the investment policy and approving the investor of the metro project connecting the center of Ho Chi Minh City - Can Gio proposed by Vinspeed Expressway Investment and Development Joint Stock Company.
The appraisal council consists of 18 members, Chaired by Mr. Nguyen Cong Vinh - Director of the Ho Chi Minh City Department of Finance; Mr. Quach Ngoc Tuan - Deputy Director of the Department of Finance as Vice Chairman of the Council.
The Council is responsible for organizing the appraisal of the proposal for approval of the investment policy and at the same time approving the project investor proposed by Vinspeed High-speed Railway Investment and Development Joint Stock Company according to legal regulations, and submitting it to the Ho Chi Minh City People's Committee for consideration and decision.
The Metro line connecting the center of Ho Chi Minh City - Can Gio is 48.5 km long, the entire route is elevated.
The starting point is at Nguyen Van Linh Street (the section between Nguyen Thi Thap and Ly Phuc Man intersections, Tan Thuan Ward, District 7 before); the end point is near the Can Gio coastal urban tourism area.
On the route, there are two main stations (Tan Thuan and Can Gio) and a 39-hectare depot near the coastal urban area. Notably, the section across the Soai Rap River is expected to build a separate cable-stayed bridge, not going together with the Can Gio bridge ( soon to be invested).
The metro line is designed with a double track, 1,435 mm track, maximum speed up to 350 km/h - more than three times the speed of the Ben Thanh - Suoi Tien metro (110 km/h).
According to the proposal, the project has a total investment of 2.93 billion USD (more than 76,000 billion VND).
The enterprise commits to paying for all construction costs, equipment, project management and reserves, with a structure of 15% equity and 85% loan capital. The cost of site clearance alone of more than VND 7,600 billion will be implemented by the State.
The project needs to use more than 325 hectares of land, including: residential land of 8.06 hectares; agricultural land of 41.72 hectares; non-agricultural land other than residential land of 35.8 hectares; traffic land, canals of 135.2 hectares; protective forest land of 85.78 hectares; other types of land of 18.38 hectares.
The project passes through 6 wards and communes: Tan Thuan, Tan My (formerly District 7), Nha Be commune (formerly Nha Be district), Binh Khanh commune, An Thoi Dong and Can Gio commune (formerly Can Gio district).
According to the investor's plan, the project will start construction in the fourth quarter of this year and be completed in early 2028.
When completed, the metro line is expected to significantly shorten travel time between the center of Ho Chi Minh City and Can Gio, promoting tourism and economic development for the southern area of the city.
