[ad_1]
Homes on Cach Mang Thang Tam Road are cleared to offer house for Ho Chi Minh Metropolis’s metro line No.2 in 2020. Picture by VnExpress/Huu Khoa
The guide for HCMC’s metro line No. 2 has pulled out after negotiations to extend its payment and signal a contemporary contract failed.
The consortium of three German firms and a Swiss and Vietnamese firm stated it has ended the impartial guide (IC) settlement contract after it and the HCMC Administration Authority for City Railways (MAUR) couldn’t agree on an appendix for renewal.
MAUR stated in a report back to town administration that it’s making preparations to ask bids for a brand new guide for the Ben Thanh – Tham Luong line that may run 11 kilometers between districts 1 and 12.
The consortium was offering engineering, design and supervision companies. Its payment of 44 million euros (US$52.4 million) got here out of a non-refundable grant supplied by German state-owned improvement financial institution KfW.
It started work in January 2012 however stopped in October 2018 after a dispute over charges for service packages not included within the first IC Settlement.
Nevertheless, MAUR had didn’t resume the IC settlement ever since, with out offering a selected motive.
It stated final yr the consultancy had demanded almost 29 p.c, or 12.6 million euros ($15.5 million), greater than the unique sum agreed in 2012.
The 2 sides held a number of rounds of negotiations however failed to achieve an settlement.
In March final yr town administration “severely criticized” MAUR for failing to resume the IC contract in time for the work to proceed.
Such delays have affected the progress of the venture, its high quality, and town’s status, it thundered.
Line No.2, authorized in 2010, had an authentic price ticket of $1.3 billion, however ballooned to $2.1 billion by the top of 2019 on rising materials and development prices.
The Asian Growth Financial institution and the European Funding Financial institution are additionally funding the venture, offering almost VND37 trillion ($1.6 billion), with the federal government offering the remaining.
The road is considered one of eight deliberate within the metropolis with a mixed size of 220 kilometers and at a value of almost $25 billion.
The primary is nearing completion.
[ad_2]
Source link