Apr 28, 2018 / 08:11

Hanoi - Noi Bai airport railway may be built with BOT fund

The Hanoitimes - Three projects on Hanoi urban railways will be submitted to the National Assembly for approval on investment policy by year’s end.

It is said in the lastest guidance on the investment policy on the three urban railway projects in Hanoi, announced by Deputy Prime Minister Trinh Dinh Dung.
Specificially, Dung asked Hanoi to study and develop an investment plan in synchronization with railway infrastructure. In the immediate future, Hanoi selects priority projects for investment, focusing on mobilizing resources (including BOT contract) to build Hanoi - Noi Bai Airport railway line and speeding up project implementation.
The Hanoi authority is responsible for ensuring uniform connections in the entire urban railway system in Hanoi (connecting stations, trains and management centers;) technical aspects and safety must be ensured when connecting the railway lines.
Cat Linh - Ha Dong is the first urban railway in Hanoi, currently in the final stages on the construction site.
Cat Linh - Ha Dong is the first urban railway in Hanoi, currently in the final stages on the construction site.

Government leaders also required that, during the implementation of investment projects, impact as well as consequential effects on existing construction works, especially important and heritage sites must be minimized, and safety in the construction investment process must be ensured.
Relevant ministries and agencies are assigned to coordinate with Hanoi to carry out procedures in order for the Government to submit to the National Assembly for approval of investment projects at the last session of the year.
Previously, the Hanoi People's Committee has submitted the proposal to the Prime Minister for consideration and guidance on the investment policy and mechanism of three priority urban railway projects in the period up to 2025, namely: Route No. 2: Tran Hung Dao - Thuong Dinh, Route No.5: Van Cao - Hoa Lac - Ba Vi, and Route No. 3: Hanoi Railway Station - Hoang Mai, all of which are especially necessary.
Regarding the plan to draw investment resources for priority projects in the period to 2025, Hanoi’s proposal to the Prime Minister sets out the mobilization of VND135,000 billion from 6 sources in 8 years (2018-2025.) Sources include: recurrent expenditure savings; city budget revenues surplus; receipts/collection from equitization in 2016-2020; sale of specialized houses and offices of government departments/agencies; auction of land use rights; and additional bond issuance.
Hanoi also asked the Prime Minister to report to the Standing Committee of the National Assembly to allow the city to save all annual surpluses and receipts from equitization prior to 2017 for investment in the urban railway building project.