Ho Chi Minh City has approved a proposal by the city Department of Finance to task Truong Hai Group (Thaco) with conducting a feasibility study for the projected Metro Line 2 section connecting Ben Thanh and Thu Thiem, according to a report from Radio the Voice of Vietnam.
Thaco is required to submit the study, along with its capability profile and a draft research contract, within a four-month deadline, ensuring full compliance with current legal regulations.
The municipal government clarified that this approval is strictly limited to allowing research and the proposal of technical options. It does not constitute an approval of the investment method, the appointment of a project developer, or a commitment to utilize the research results.
Should the feasibility study fail to gain approval from competent authorities, exceed the assigned deadline, or if the city decides to pursue the project through alternative funding sources or investment models due to urgent requirements, Thaco must bear all incurred costs. In such cases, the company will not be reimbursed and must hand over all research products to the Management Authority for Urban Railways (MAUR) for state management and data reference purposes.
The Ben Thanh – Thu Thiem metro section spans approximately 5.58 km with six underground stations and an estimated preliminary investment of VND33 trillion (over $1.26 billion). This section is one of three segments of Metro Line 2 (alongside the Ben Thanh – Tham Luong and Tham Luong – Cu Chi sections), which will have a total length of over 60 km.
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