Deadline extended for land handover to metro project
News - The HCMC government has asked district
authorities to hand over land for construction of the city’s first subway by
December 15, instead of September as originally planned.
Districts
1, 2, 9 and Thu Duc are urged to speed up site clearance and hand over the
ready land to the investor before the deadline, Deputy Director of Transport
Department Bui Xuan Cuong said at a meeting on Tuesday.
According
to the Management Authority for Urban Railways, the site clearance and
compensation progress in the project has fallen behind schedule. Meanwhile, the
city needs to take back 322,000 square meters of land from 287 families and 13
agencies to build the metro.
The
urban rail line will stretch 19.7 kilometers, including 2.6 kilometers
underground and 14 stations. The total cost of the project has been revised up
to US$2 billion while official development assistance is around US$1 billion.
The
first package of the project underway is the depot construction in District 9.
The city expects to launch the subway into use in 2015.
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