Hanoi metro gets additional Chinese loan
>> Hanoi urban railway told to start operation in 2018
Vietnam will get an additional loan of USD250 million from China for an urban railway project under an agreement signed in Beijing on May 11.
The agreement was signed by representatives from the Vietnamese Ministry of Finance and the Chinese Import and Export Bank during State President Tran Dai Quang’s on-going visit to China.
The project was initially scheduled to carried out between November 2008 and November 2013 with a total investment of USD552 million with China’s official development assistance loan accounting for USD419 million.
However, it wasn’t until October 2011 that it officially kicked off, causing the investment to be adjusted up to USD891 million.
The project was suspended after several fatal accidents took place at its construction sites.
The route 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.
The agreement was signed by representatives from the Vietnamese Ministry of Finance and the Chinese Import and Export Bank during State President Tran Dai Quang’s on-going visit to China.
Cat Linh-Ha Dong urban railway project
The project was initially scheduled to carried out between November 2008 and November 2013 with a total investment of USD552 million with China’s official development assistance loan accounting for USD419 million.
However, it wasn’t until October 2011 that it officially kicked off, causing the investment to be adjusted up to USD891 million.
The project was suspended after several fatal accidents took place at its construction sites.
The route 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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