Ho Chi Minh City established a Council to appraise the metro project worth over 4 billion USD to Can Gio.

The Ho Chi Minh City People's Committee has decided to establish a Council to appraise documents, propose approval of investment policies and approve investors for the metro line project connecting the center of Ho Chi Minh City - Can Gio, proposed by Vinspeed High-speed Railway Investment and Development Joint Stock Company.

According to the Decision signed by Vice Chairman of Ho Chi Minh City People's Committee Bui Xuan Cuong, the Appraisal Council has 18 members, with Director of the Department of Finance Nguyen Cong Vinh as Chairman of the Council.

The metro line connecting the center of Ho Chi Minh City to Can Gio will start from District 7 (old) running parallel to Ben Luc - Long Thanh expressway, turning onto Rung Sac street to Can Gio. (Photo: Luong Y)

The appraisal council is responsible for organizing the appraisal of the dossier requesting approval of the investment policy; approving the investor of the urban railway project connecting the center of Ho Chi Minh City - Can Gio, proposed by Vinspeed High-speed Railway Investment and Development Joint Stock Company according to regulations, and submitting it to the City People's Committee for consideration and decision.

The Decision also requires members who are representatives of Departments, branches and localities to be responsible for giving opinions on time; to be responsible for the appraisal content in the specialized fields and fields managed by the agencies and units. It is required to have opinions on agreement/disagreement with the implementation of the project within the scope of functions and tasks.

Special attention should be paid to assessing the impact on the Can Gio Biosphere Reserve and the plan for using protective forest land within the project scope.

The Ho Chi Minh City Department of Construction is responsible for giving opinions and evaluating the legality, necessity and investment scale of the project; reviewing factors to ensure feasibility and efficiency according to specialized regulations.

In addition, the Department needs to pay attention to opinions related to transportation, civil works, light industry, construction materials and technical infrastructure; evaluate the capacity of investors as well as meet the requirements on investment rate per land area according to current standards and regulations.

Can Gio is an area attracting the attention of many investors with a nearly 3,000-hectare sea-encroaching urban area and outstanding infrastructure projects. (Photo: Luong Y)

In addition, the Department of Construction is also responsible for reviewing the suitability of technology, scale, capacity, technical design; socio -economic efficiency and impact of the project on local development according to the pre-feasibility study report. At the same time, evaluate the suitability of the project with the current status and investment plan for construction of connecting traffic, regional technical infrastructure and related issues.

The Department of Finance has opinions on the legal basis for project appraisal; investment necessity, objectives, scale, and investment period. Project implementation assurance includes investment procedures, equity, mobilized capital; factors ensuring the socio-economic efficiency of the project such as total investment, implementation progress, and capital mobilization capacity.

The Department of Finance also presides over and coordinates with units to assess financial capacity to ensure project implementation and other conditions according to regulations.

The metro line project connecting the center of Ho Chi Minh City – Can Gio was proposed by Vinspeed High-speed Railway Investment and Development Joint Stock Company to be invested in the form of public-private partnership (PPP). The total preliminary investment capital is about 102,370 billion VND (equivalent to 4.09 billion USD).

The metro connecting the center of Ho Chi Minh City with Can Gio is considered a strategic traffic axis, serving both the development of Can Gio coastal urban area and connecting tourism , services, logistics and people's lives.

When this metro line is completed, travel time from Phu My Hung area to Can Gio will be shortened to about 16 minutes.

According to the proposal, the metro line connecting the center of Ho Chi Minh City with Can Gio is about 48.7km long, starting from Nguyen Van Linh Street along Nguyen Luong Bang, crossing Rach Dia Bridge to Nha Be. After crossing the Soai Rap River, the metro will run parallel to the Ben Luc - Long Thanh Expressway, then turn onto Rung Sac Street to the end point in Can Gio.
This metro line has 2 stations; the first station in Tan Phu (old District 7) and the last station in Can Gio, 2 depots are expected to be located in Binh Thuan ward (old District 7, now Tan Thuan ward) and Long Hoa commune (now Can Gio commune).

Quang Huy

Source: https://vtcnews.vn/tp-hcm-lap-hoi-dong-tham-dinh-du-an-metro-hon-4-ty-usd-di-can-gio-ar971377.html