Hanoi wants to borrow VND30.57 trillion ($1.32 billion) in official development assistance (ODA) to construct a downtown metro section.
The 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.
After years of delays, recent moves to fasten the operation of Ho Chi Minh City’s first metro line have brought new hopes of an increase of real estate prices along the line.
The Hanoi’s second metro line, which runs from Nhon to the city’s Railway Station, is now 48 percent finished and set to be put into operation next year, the management board reported.
The HCM City People’s Committee has approved an advance of 2.1 trillion VND (93 million USD ) from the city budget for metro line No 1 project between Ben Thanh Market and Suoi Tien Tourist Park.
Recent moves to speed up the operation of Ho Chi Minh City’s first metro line have brought new hopes of a rise of property prices along the route after years of delays.
Decentralization continued in 2018 both in HCMC and Hanoi's real estate markets, latest CBRE report reveals.