Ho Chi Minh City will organise a bidding this year to select investors to develop Metro Line No.5–phase II under the public-private partnerships (PPP) model.
Accordingly, the investors will conduct a survey and build the construction plan for Metro Line No.5–phase II.
Previously, the city issued plans to organise the bidding in March this year, which failed as the authorities had not approved the project’s feasibility report yet.
In January 2018, during a working session with the Ho Chi Minh People’s Committee, Jose Kaiser Moreiras, general director for International Trade and Investment Department under the Spanish Ministry of Economy, Industry and Competitiveness (MEIC), pledged to provide financial assistance worth $335.2 million for Ho Chi Minh City to develop Metro Line No.5.
Jose Kaiser Moreiras stressed that Spain has experience in technology application, construction design, transport infrastructure development, and relevant consultancy. However, no more information about the proposal has been published.
Metro Line No.5 has total investment of €1.56 billion ($1.94 billion). Its first phase has a total length of 9 kilometres, including 7.46km of underground track and 1.43km of elevated rails.
The first phase of Metro Line No.5 is a priority project as it will serve as a transit system among other lines in the city.
Ho Chi Minh City plans to build a total of eight metro lines, one tramway line, and two monorail lines, but currently only Metro Line No.1 between Ben Thanh and Suoi Tien is under construction and is scheduled for completion in 2020.
Line 1 has a length of nearly 20km and consists of 14 stations, three of which are underground.