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Hanoi - News

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Jul 3, 2024

Financing Hanoi metro development - a big issue

Chairman of the Hanoi People's Council Nguyen Ngoc Tuan emphasized the need to secure funding for the construction of 14 metro lines in Hanoi. Officials discussed the challenges of choosing a single metro technology and finding sources of funding, including potential involvement of private entities. They also raised concerns about the feasibility of the proposed $50 billion investment and the need for uniform technology application. Delegates underscored the difficulty of raising the necessary capital and emphasized the importance of determination and support from the central government.

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