Ho Chi Minh City People's Committee has just issued a decision approving the order price for public service services to manage and maintain the infrastructure of Metro Line No. 1 (Ben Thanh - Suoi Tien) in 2026 with a value of over 71 billion VND.
This is the basis for the Urban Railway Management Board (MAUR) and Urban Railway Company Limited No. 1 (HURC) to implement the next steps of ordering work.
According to the decision, HURC is responsible for the accuracy and truthfulness of the data in the price plan dossier for management and maintenance services. MAUR is responsible for checking, reviewing, supervising quality and accepting services.
The workload calculated in the order plan must be outside the construction warranty scope of contractors and the scope of operation and maintenance support according to signed contracts (from 2024 to the end of 2028).
While waiting for Ho Chi Minh City to issue a set of economic - technical norms, cost norms and unit prices for the management, operation, and maintenance of urban railways, the cost of manpower maintenance that must be outsourced is included in the service price plan.
The total number of outsourced workers converted must not exceed 185 people.
MAUR and HURC must be responsible for personnel plans, ensuring that the actual number of personnel is 706 people and the number of converted outsourced workers is a maximum of 185 people, suitable for the scope of work and volume of implementation.
The Ho Chi Minh City People's Committee also assigned MAUR to urgently develop a set of economic - technical norms, cost norms and unit prices for the management, operation, and maintenance of Metro Line 1 infrastructure and public passenger transport by train, and submit them to the Ho Chi Minh City People's Committee for promulgation in 2026.
Metro Line 1 is nearly 20 km long, connecting the center of Ho Chi Minh City with the eastern gateway. This is the city's first urban railway line, with a total investment of more than 43,700 billion VND and officially put into operation from December 22, 2024.
HURC is a 100% state-owned enterprise, assigned by the Ho Chi Minh City People's Committee to operate Metro Line No. 1.
In 2026, HURC is assigned a target of total revenue of 615 billion VND and after-tax profit of nearly 22 billion VND. The main source of revenue for the enterprise comes from subsidies based on distance and exploitation unit prices, in addition to ticket sales revenue and expenses related to infrastructure maintenance.
In the period up to 2030, Ho Chi Minh City sets a target for HURC to operate effectively, preserve and develop state capital, and at the same time increase average revenue by 10% per year.
Total revenue of HURC is expected to reach nearly 3,760 billion VND in this period.
Regarding profits, the city sets a target for HURC's pre-tax profit to increase year by year, from nearly 22 billion VND in 2026 to nearly 32 billion VND in 2030. Accumulated pre-tax profit in the whole period is expected to reach 133 billion VND.
