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).