Hanoi: Not smooth pilot metro
line
In addition to remarkable cost over-runs, construction
on Hanoi’s pilot metro line from Nhon to Hanoi train station
also risks dropping behind schedule.
The 12.5-kilometre line, developed by the Hanoi
Municipal People’s Committee, has already smashed its budget set in 2010.
Over a week ago, after the foreign donors agreed further
lending for the project, the prime minister agreed to add $393 million euros
($486 million) to this urban train line, of this supplemental ODA sum will be
305 million euros ($377 million) and additional reciprocal capital $88
million euros ($108 million).
The government also agreed to loan the Hanoi Municipal
People’s Committee the entire ODA supplemental sum while the state budget
will fund the additional reciprocal capital amount.
In September this year, the committee proposed revising
the project finances which would see total investment capital jump from 783
million euros ($968.5 million) to 1.17 billion euros ($1.45 billion).
Hanoi leaders revealed that the project’s donors, including
French Ministry of the Economy and Finance’s Emerging Countries Reserve
(RPE), French Development Agency (AFD), European Investment Bank (EIB) and
Asian Development Bank (ADB), had pledged to provide an additional $328
million to the project.
With this new financing scheme, the investment ratio for
each km of the pilot metro line would average 94 million euros, tantamount to
VND2.44 trillion.
Irrespective of the technology involved, such a ratio is
significantly higher than that at Ho
Chi Minh City’s first metro line from Ben Thanh to
Suoi Tien which also has similar proportions of over and underground lines.
As initially proposed, the Nhon- Hanoi train station
metro line will consist of 12.5km 1,435mm-gauge dual track, including 8.5km
overhead and 4km underground.
The project kicks off construction in 2009 and is slated
for completion by 2018.
However, work started in December 2006, and four years
later in September 2010 the project kicked off construction for a second time
at the site of building Nhon depot.
Major bottlenecks exist which have hampered construction
process.
Despite having support from French group Systra in
engineering work since December 2007, the project was progressed very slowly
and a new deadline of the final quarter in 2018 was set in a recent Hanoi
People’s Committee report.
This means that even if the new deadline is met, it would
have take 12 years to construct just one line.
“The Hanoi Municipal People’s Committee needs to report
to the premier and Ministry of Planning and Investment on plans for each
bidding package to ensure the project actually is finished on time,” the prime
minister requested.
The metro line is expected to transport 230,000
passengers a day in 2018 at its commissioning, increasing to 428,000 by 2020,
and 750,000 by 2030, following the line extensions.
By Anh Minh,
VIR
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