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Gov’ t pays out over 38.5 million USD for Cat Linh– Ha Dong train task|Company

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Gov't disburses over 38.5 million USD for Cat Linh–Ha Dong railway project hinh anh 1
Passengers waiting to board a train on the Cat Linh – Ha Dong city line. (Picture: VnEconomy)

Hanoi (VNS/VNA) – The Federal government has actually paid out
more than 910 billion VND (38.5 million USD) for the application of theCat
Linh– Ha Dong metropolitan train task.

A choice just recently signed by Deputy Prime Minister Le Minh . Khai states the capital for the task is drawn from the main . budget plan mid-term public financial investment strategy 2021-2025.

The capital for the task includes more than 223 billion VND . (9.4 million USD) of domestic capital and almost 688 billion VND (29 million . USD )of foreign capital.

The capital is paid out for the part of the task that was . currently executed and did not increase the overall financial investment.

Khai purchased the Ministry of Transportation to assign the capital to . appropriate systems following guidelines.

The ministry requires to report the capital allowance to the . Ministry of Preparation and Financial investment along with the Ministry of Financing in the . Half of January 2023.

Then the ministries need to take duty for the precision . of the material and information associated with the capital, which will be reported to the . Prime Minister and appropriate companies.

The Cat Linh– Ha Dong metropolitan train task is 13 km long, with a . overall preliminary financial investment in 2008 is 8.76 trillion VND (comparable to 552.8 . million USD at that time).

By 2017, the overall financial investment capital increased to over 18 . trillion VND (about 868 million USD then).

The task utilizes loans from the Chinese Federal government and domestic . equivalent funds.

The line began running in November 2021. It was formally . inaugurated on January 13 this year, the very same day the line brought its . one-millionth traveler.

Stats at the end of November this year revealed that the line . has actually served about 7.3 million travelers, of which more than 10,000 individuals utilize . regular monthly tickets after more than a year of main operation.

Given that entering operation, more than 66,580 trains have actually ran, bringing . in profits of about 53 billion VND (2.24 million USD).

Trains run every 10 minutes. One-way tickets expense from 8,000-15,000 . VND( 0.35-0.65 USD) for a journey and 30,000 VND (1.26 USD) for a day pass.

A month-to-month pass is priced at 200,000 VND (8.40 USD) with lower . rate plans offered for bulk purchases by business or factories.

The Ministry of Transportation has actually likewise asked the Ministry of Preparation . and Financial investment to report to the Federal government on the extension of the . application time of the(* )Linh– Ha Dong metropolitan train task to November . 6, 2023.Cat The Ministry of Transportation stated that although the line has actually been . turned over and take into operation, the Engineering Procurement and . Building (EPC) basic specialist and appropriate systems still need to continue . carrying out the task’s staying jobs according to the arrangements of the . signed agreement.

The jobs consist of procurement of extra parts and materials, . specialised devices for the depot location; evaluation of the system for signal . products in the preliminary phase of operation, and conclusion of the jobs according . to the notification No. 107, dated November 5, 2021 of the State Evaluation Council.

The extension of the task application time is likewise the basis . for extending the application time of the EPC agreement and as a basis for . extending the application time of the bidding plans associated with the EPC .
agreement such as guidance consultancy and technical style assessment./.

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