HCM City People’s Committee ordered the Urban Railways Management Board to work with Japan’s International Cooperation Agency (Jica) on adjusting the total investment capital for building Ben Thanh-Suoi Tien metro (Metro Line No 1).
As estimated, the total cost for the metro line doubled from US$1.1 billion to US$2.2 billion due to the forex rate fluctuations.
Construction on the metro line is expected to start this year, and is scheduled for completion by 2013 and operational by 2014. The line is 19.7 kilometres long, including 2.6 kilometres of underground metro and 17.1 kilometres of above ground.
The 19.7 kilometres route will run from Ben Thanh Market in District 1, along Dien Bien Phu street in Binh Thanh district and the Hanoi Highway, to Long Binh station. The first 2.6 kilometres from Ben Thanh market in the downtown area would be built underground.