In addition
to remarkable cost over-runs, construction on
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).
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
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.
VIR
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Chủ Nhật, 28 tháng 12, 2014
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