Italia-Thailand Development Public Co, Ltd (ITD) and Ho Chi Minh City Urban Railway Management Board have signed a memorandum of understanding on investment cooperation to build the monorail No.2 and 3 and metro route No.4.
ITD has also proposed to register for Build-Operate-Transfer investment feasibility study on the monorail line No. 2 and No. 3, while it is considering an appropriate investment model for metro line No.4 , said Nguyen Luong, head of the board.
The monorail No 2 with nearly 14 kilometers in length starting from East-West Highway, running along Nguyen Van Linh Street to National Road No 50, has a total investment of about $350 million.
The $200 million monorail No 3 with about 8.5 kilometers in length will run along Quang Trung Street from the roundabout of Go Vap Intersection to Quang Trung Software Park and turn into the station located in Tan Thoi Hiep Ward in District 12.
The metro line No 4 with 24 kilometers (19 kilometers of underground and five kilometers of overpass), 20 stations, a 30 hectare depot in Thanh Xuan Ward, and another 25 hectare depot in Nha Be District has an estimated investment of $2.5 billion.
Once finished, the projects will link the south to the west of the city, develop the transport system in the west of the city, and connect with other provinces in the Mekong Delta.
