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Vingroup to invest $4bn in Hanoi metro

Authorities turn to PPPs for capital's transport infrastructure

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Construction progresses on an elevated train station in Hanoi.   © Reuters

HO CHI MINH CITY -- Leading property developer Vingroup signed a memorandum of understanding on Sunday for part of the Hanoi metro system worth 100 trillion dong (over $4 billion).

As part of the capital's overall development plan for 2030, Hanoi has is building an integrated metro system with elevated and underground sections. Eight routes will be spread over 318km at an estimated cost of $40 billion.

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