Construction of Ho Chi Minh City's first subway, known as the Ben Thanh – Suoi Tien route, will begin in October 2008 and is due for completion in 2013, according to transport officials at a seminar yesterday.
|The route will be from Ben Thanh market to the HCMC center and on to areas in districts 2, 9, Thu Duc and Binh Duong Province. (Photo:KK)|
The total investment capital of the project is US$1.09 billion, of which $904.7 million is from the Japan Bank for International Cooperation (accounting for 83% of the funds) and the remainder is from HCMC’s budget. The cost of the site clearance alone is US$88 million.
The track will be 19.7 km long and 1.435 meters wide. 2.6 km will be underground and the remaining 17.1 km will be elevated above the street level. The route will travel from Ben Thanh market to the city center and on to areas in districts 2, 9, Thu Duc and the neighboring province of Binh Duong.
Once completed, the system will be able to transport 526,000 passengers a day in 2020 and 800,000 by 2040.
According to the city’s transport-development master plan, by 2020 the Ben Thanh – Suoi Tien route will be one of six in HCMC, linking Viet Nam's largest city to its neighboring areas.