Slow investment blamed for Hanoi metro delay
>> Hanoi urban railway told to start operation in 2018
Many items of Cat Linh-Ha Dong metro project in Hanoi have not yet been finished on time due to the slow pace of investment by the contractors.
On May 4, the Vietnamese Ministry of Transport held a meeting with the Management Board of Hanoi Urban Railway and the EPC contractor China Railway Sixth Group Co., Ltd to review the project’s implementation.
Deputy Minister of Transport Nguyen Hong Truong said that major items of the project have been completed, however, fences, road surface and some packages of equipment have not yet been finished, affecting the project’s pace. This was blamed on customs procedures for imported equipment and particularly capital shortage.
A representative from the Chinese EPC contractor also shared the same opinion with Deputy Minister Nguyen Hong Truong, noting that slow capital disbursement obviously affected the project. Earlier, the Management Board of Hanoi Urban Railway and the Chinese EPC contractor worked with the Export-Import Bank of China for the speedier disbursement, but things have not improved.
Deputy Transport Minister Nguyen Hong Truong said that the Ministry of Transport had sent a document to the Export-Import Bank of China to urge them to release funds for the project more quickly.
Construction on the 13-km Cat Linh-Ha Dong metro project was started in October 2011 with the total investment of around VND18 trillion (USD818 million). It was scheduled for the official operation in the second quarter of 2018 before the trial run of between 3-6 months, beginning from October 2017.
On May 4, the Vietnamese Ministry of Transport held a meeting with the Management Board of Hanoi Urban Railway and the EPC contractor China Railway Sixth Group Co., Ltd to review the project’s implementation.
Cat Linh-Ha Dong urban railway project
Deputy Minister of Transport Nguyen Hong Truong said that major items of the project have been completed, however, fences, road surface and some packages of equipment have not yet been finished, affecting the project’s pace. This was blamed on customs procedures for imported equipment and particularly capital shortage.
A representative from the Chinese EPC contractor also shared the same opinion with Deputy Minister Nguyen Hong Truong, noting that slow capital disbursement obviously affected the project. Earlier, the Management Board of Hanoi Urban Railway and the Chinese EPC contractor worked with the Export-Import Bank of China for the speedier disbursement, but things have not improved.
Deputy Transport Minister Nguyen Hong Truong said that the Ministry of Transport had sent a document to the Export-Import Bank of China to urge them to release funds for the project more quickly.
Construction on the 13-km Cat Linh-Ha Dong metro project was started in October 2011 with the total investment of around VND18 trillion (USD818 million). It was scheduled for the official operation in the second quarter of 2018 before the trial run of between 3-6 months, beginning from October 2017.
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