According to the Management Board of HCMC Urban Railway, the project  of construction monorail train Number 2 (District 8 – Binh Thanh) stretches over 27 km with a total capital estimated 15 015 billions VND. Depot (maintenance station) of this monorail train will be built in Phong Phu Commune, Binh Chanh District, with an area of about 8 hectares.

Metro system No.1 Ben Thanh-Suoi Tien will be completed in 2017

 Monorail No.2 starts from Nguyen Van Linh road intersection – Highway 1 – Highway 50 and goes along Nguyen Van Linh – Huynh Tan Phat over the Saigon River – North-South of Thu Thiem Road – Thu Thiem new urban area – Tran Nao – Xuan Thuy – over Saigon River – urban area in Binh Quoi – Thanh Da. Orientation will connect with the 3A metro (Ben Thanh – Tan Kien).

This monorail train is expected to attract many passengers because of being passing a series of populated areas in District 2, District 7, Binh Thanh where is Vinhomes Central Park project in and Binh Chanh District. Currently the project is calling for investment from the BOT (build – operate – transfer) capital and PPP (public – private partners) capital.

As planned transport development project and vision approved by Prime Minister till 2020, HCM City will have 8 metros (subway), 6-line BRT (bus rapid transit) and 3 routes: tramway (tram) and monorail train (one ray train).

Thus, the first tramway line is almost 13 km long (Ba Son – Ton Duc Thang – Me Linh Square – Vo Van Kiet – Ly Chieu Hoang – Western Bus Station). This tramway is Oriented to extend to Thanh Da urban area (Binh Thanh District); The metro number 2 has over 27 km length (district 8 – District 2 – Binh Thanh district) and monorail train number 3 is about 16.5 km (crossroads Phan Van Tri – Nguyen Oanh) – Phan Van Tri – Quang Trung – Quang Trung Software Park – To Ky – Tan Chanh Hiep station).

Monorail has higher speed than metrorail and monorail costs less than metrorail.

Monorail trains have appeared in many major cities around the world and is estimated to have the advantage of being much cheaper than the high railway and underground railway and transport capacity. Construction period is also shorter and less impact on the surrounding traffic. In addition, this type of transport takes less space as small monorail pillar and far space.
This information shows us the determinated action from government to develop infrastucture of Ho Chi Minh City and value of property that foreigners will buy after new law applied form the 1st of July.

Compiled by VietApartment NEWS

Literatured from VnExpress