HCMC updates first metro line’s construction plan
HCMC – Work on HCMC’s Metro Line No. 1 connecting Ben Thanh Market and Suoi Tien Theme Park could be completed in the last quarter of this year. The HCMC government asked the project contractor to fulfill its warranty obligations and to provide technical support during the operation of the urban
HCMC’s metro line firm faces shutdown
HCMC – The cash-strapped HCMC Urban Railway No. 1 Co. Ltd. (HURC1), the city’s Metro Line No. 1 operator, has been on the verge of going bankrupt given prolonged financial constraints. HURC1 had used all of its VND14-billion charter capital for operational costs as of August 2021, the HCMC
Financial plan for Metro Line No. 1 company gets nod
HCMC – The Ministry of Finance has written to the Prime Minister presenting its plan to increase the charter capital of the HCMC Urban Railway No. 1 One-member Limited Liability Company (HURC1) after receiving a petition made by the HCMC People’s Committee. The ministry has approved the plan to