HCM City (VNA) – Vietnam’s largest private corporation Vingroup has summited a proposal to the Ho Chi Minh City People's Committee for a metro line connecting the city downtown and the outlying Can Gio district.
The proposed urban railway will span 48.5km, running from Nguyen Van Linh street in District 7 to a 39ha land plot adjacent to the Can Gio sea encroachment tourism – urban area.
The double-track elevated railway with 1,435mm-gauge infrastructure is designed for speeds of up to 250km per hour. Once operational, the system will be able to transport between 30,000 and 40,000 passengers per hour in each direction.
A notable feature of the project is a combined rail and road bridge spanning the Soai Rap River. The plan includes two maintenance depots, one in District 7 and another in Can Gio district.
Vingroup has proposed developing the project through a public - private partnership using a build-own-operate (BOO) contract model. Under this arrangement, the conglomerate will finance construction through its own capital and legally permitted funds, own the line, and handle its operations after completion.
The investment preparation phase is scheduled to begin in 2025, including conducting a pre-feasibility study, securing regulatory approvals, and implementing ꦬsite clear༒ance. Construction will commence in 2026 - 2027 while testing and project handover are slated for 2028./.
Accordingly, JTA Investment Qatar recognises VinFast's global growth strategy, alongside the significant value of Vinpearl's premium hotels and resorts, leading amusement parks and entertainment clusters, thereby aiming to join Vingroup in capitalising on these investment opportunities.
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