HCM City's monorail line No 2 linking District 8 with the Thanh Da - Binh Quoi Urban Area in Binh Thanh District will cost over VND15 trillion (nearly US$690 million).
According to the HCM City Management Authority for Urban Railways (MAUR), the 27.2km route will start from the Nguyen Van Linh Avenue- National Highway No 1 A – National Highway No 50 intersection (in District 8) and run through densely populated residential areas in Districts Binh Chanh, 2, 7 and Binh Thanh.
An 8ha maintenance depot will be built in Phong Phu Commune in Binh Chanh.
Tuoi Tre (Youth) newspaper quoted the authority as saying the BOT (Build – Operate - Transfer), BT (Build – Transfer) or PPP (Public – Private Partnership) mode of investment would be adopted.
According to the adjusted master plan for transportation for the period through 2020 approved by the Government, HCM City will have eight metro lines, six bus rapid transit routes and three tramway or monorail lines.
The 16.5km monorail line No 3 will run from the Phan Van Tri - Nguyen Oanh crossroad (in Go Vap District) through Quang Trung Software Park to Tan Chanh Hiep in District 12.
The monorail lines, which can carry 90 to 125 passengers and travel at 80-90 km per hour, are aimed at easing traffic congestion, MAUR said.
A 13km tramway No 1 line will run from Ba Son Shipyard through Ton Duc Thang Street, Me Linh Square, Vo Van Kiet Street, and Ly Chieu Hoang Street to the Western Bus Station in (Binh Tan District), and Thanh Da Urban Area in Binh Thanh District.