The 48.7-km metro line, proposed by Vingroup, requires estimated investment capital of over VND76 trillion ($2.93 billion).

The Ho Chi Minh City People’s Committee has established an
appraisal council to review a proposed metro line linking the city center with
its outlying Can Gio area (formerly Can Gio district).

The council will evaluate the project proposal and investor
selection before submitting them to the municipal government for approval.

Earlier in May, the city approved a proposal from Vingroup,
Vietnam’s largest private corporation, to study the projected metro line.

According to Vingroup’s proposal, the metro line will span 48.7
kilometers, connecting the city center to the Can Gio sea-encroachment tourism and
urban area. The double-track railway will feature a standard
gauge of 1,435 millimeters and a maximum design speed of 250 kilometers per
hour.

Total investment capital for the project is estimated at over
VND76 trillion ($2.93 billion).

VnEconomy-Thanh Thủy