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Extra $7.8 mln needed for Hanoi metro supervision, consultancy


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The Cat Linh-Ha Dong metro line in Hanoi is put on a trial run for inspection in March 2021. Photo by VnExpress/Ngoc Thanh

 

Consulting and supervision costs for the Cat Linh - Ha Dong metro have soared amid project delays, the Ministry of Transport revealed.

 

In a document sent to the Ministry of Finance early this month, the transport ministry said the engineering, procurement and construction (EPC) contract of the Cat Linh - Ha Dong metro section could not be finished on schedule, causing delays and as a result, raised the cost of supervising and consulting by about $7.8 million.

 

However, there is "very little" of Vietnam’s counterpart fund left for the project although the additional loan agreement with China totals $26.4 million, it said.

 

Full Story: https://e.vnexpress.net/news/news/extra-7-8-mln-needed-for-hanoi-metro-supervision-consultancy-4355749.html

 

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-- © Copyright VN Express 2021-09-13

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