Ho Chi Minh City's metro project costs cut by US$146.5 million
PolicyHo Chi Minh City (HCMC) has cut unnecessary costs to lower the investment capital for its first metro line by VND3.4 trillion (US$146.5 million) to VND43.6 trillion.
PM inspects and urges Ho Chi Minh City’s first metro line
PolicyPrime Minister Nguyen Xuan Phuc inspected the construction site of Ho Chi Minh City’s metro line 1, running between Ben Thanh and Suoi Tien Stations, and said construction work must be completed in late 2020 so that the urban rail line could be put into service in the following year, as part of his working visit to the city on April 12.
Hanoi to spend over VND14.46 billion on annual metro fare subsidies
PolicyThe government of Hanoi has approved annual subsidies of VND14.46 billion (US$620,000) on the fares for the capital city’s first metro line, 2A, which is scheduled for commercial operation in late April.
