In a meeting with HCM
City leaders and around 20 French companies on late April 5, Mr Richard
Fostier, Chairman of Colas Rail Co said that the firm is implementing many
railway projects in France and paying much attention to HCM City’s metro
project.
The
chief said that his firm could offer solutions to reduce costs of building HCM
City metro and wanted to know which investment items or packages French firms
are able to join. Currently Colas Rail is partaking the light rail expansion
project in Malaysia.
Similarly,
Mr Gilles Péqueux—Vice President of Egis’ business development department also
expressed his interest in HCM City metro projects calling for investment.
Both
Colas Rail and Egis belong to MEDEF International that is seeking investment
opportunities in multiple sectors namely health, infrastructure, traffic and
energy in Vietnam.
The
delegation visited Cambodia, Hanoi and then HCM City. MEDEF International
Association has over 700,000 members who are French business owners all over
the world.
According
to Vice Head of HCM City Urban Railway Management Board, Mr Nguyen Van Quoc,
there are now some packages which French firms are able to join, namely metro
section No 2 that will be on tender for building 9.5-kilometer tunnel and nine
stations along a section of overhead metro. The package is valued at around
US$400 million.
French
firms also can take part in a package of building and installing an 11-km rail
in the same line. For the metro section No 2, the German government will
provide trains, so French companies only can join to build tunnels and provide
rails. Public tender will be announced in the middle of 2012.
HCM
City is calling investment for two metro projects No 3 and 6 in forms of
Building-Operating-Transferring (BOT) and Public Private Partnership (PPP), and
French enterprises may become one of parts, Chairman of HCM City People’s
Committee Le Hoang Quan was quoted.
Now
HCM City has planned six metro lines with total length of 120 kilometers, including
Line 1, 2 and 5 calling ODA capital from Japan, Germany (US$300 million for
line 2), ADB and European Investment Bank (EIB) and three remaining lines
calling investors.
Spanish
government pledged to fund US$500 million for HCM City metro Line 5.
Previously, six Spanish companies were allowed to join general contract for
Metro Line 5 in HCM City but they stopped joining due to capital shortage.
Therefore, the project of Metro line 5 lacks 180 million euro and HCM City
proposed the Vietnamese government to call for investors, he added.
Thai
investors are studying to invest in the HCM City metro line 4 in form of BOT.
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