The PMU of HCM City urban railway and Italia-Thailand Development Public Co, Ltd (ITD) on March 26 signed a memorandum of understanding (MoU) on investment cooperation to build the monorail No 2 and 3 and metro route No 4 in HCM City.
The monorail No 2 with nearly 14 kilometres in length starting from East-West Highway, running along Nguyen Van Linh street to National Road No 50 has a total investment of about $350 million.
The monorail No 3 with about 8.5 kilometres in length starting from Go Vap six-intersection roundabout along Quang Trung street to be in front of Quang Trung software park and turning into the station located in Tan Thoi Hiep ward, district 12, HCM City has an estimated investment of $200 million.
The metro line No 4 with 24 kilometres (19 kilometres of underground and five kilometres of overpass), 20 stations, a 30 hectare depot in Thanh Xuan ward, and another 25 hectare depot in Nha Be district has an estimated investment of $2.5 billion.
Once finished, there projects will link the south to the west of the city while develop the transport system in the west of the city and connect with other provinces in the Mekong Delta area.