Hanoi Metro Line 3 Delays: Project Updates & Financial Insights

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Introduction

In Hanoi, the Hanoi metro Line 3 project has faced delays, with the initial completion date for the Nhon-Hanoi Railway Station section pushed back to the end of 2023. The total investment for the project is estimated at EUR 1.176 billion.

Project Delays and Revised Timelines

The Nhon-Hanoi Railway Station section of the Hanoi metro Line 3 was initially slated for completion by the end of 2022. However, this deadline has been extended to the end of 2023. The elevated section, running from Nhon to the S9 station, is anticipated to be operational by the end of April 2024. The overall project completion, including the underground section, is now projected for the end of 2027. The delay is attributed to the slow progress of the underground section, influenced by the impact of the COVID-19 pandemic and the time required for administrative procedures.

Financial and Investment Details

The total investment for the Hanoi metro Line 3 project is EUR 1.176 billion. The project is financed through various sources, including official development assistance loans from the French Development Agency (AFD), the European Investment Bank (EIB), and the Asian Development Bank (ADB). The Hanoi People’s Committee is responsible for overseeing the project’s financial aspects and ensuring effective fund management.

Construction Progress and Challenges

Construction progress has been uneven, with the underground section facing significant challenges. The elevated section has seen relatively steady progress, while the underground segment has lagged. The project involves building 12.5 km of elevated track and 4 km of underground track. The construction of the underground section has been particularly complex, requiring specialized techniques and equipment. The Hanoi Metropolitan Railway Management Board (MRB) is working to address the challenges and accelerate construction.

Stakeholders and Management

The project involves multiple stakeholders, including the Hanoi People’s Committee, the Hanoi Metropolitan Railway Management Board (MRB), and various international financial institutions. The MRB is the primary entity responsible for project management and implementation. The French Development Agency (AFD), the European Investment Bank (EIB), and the Asian Development Bank (ADB) are key financial partners. The cooperation among these stakeholders is crucial to the project’s success.

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Conclusion

The Hanoi metro Line 3 project, with a total investment of EUR 1.176 billion, has experienced delays in its Nhon-Hanoi Railway Station section. The revised completion date for this section is the end of 2023, with the overall project expected to conclude by the end of 2027. The project is financed by international institutions and managed by the Hanoi Metropolitan Railway Management Board (MRB).

Company Summary

French Development Agency (AFD): The AFD is a French public financial institution that supports development projects in developing countries.

European Investment Bank (EIB): The EIB is the lending arm of the European Union, financing projects that advance the EU’s policy objectives.

Asian Development Bank (ADB): The ADB is a regional development bank focused on promoting social and economic development in Asia.

Hanoi People’s Committee: The Hanoi People’s Committee is the executive body of the Hanoi People’s Council, responsible for the administration of Hanoi city.

Hanoi Metropolitan Railway Management Board (MRB): The MRB is the entity responsible for managing and implementing metro projects in Hanoi.

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