Ho Chi Minh City weighs metro fare reductions, exemptions in initial operation period
Monday, February 26, 2024, 10:57 GMT+7
Phan Van Mai, chairman of the Ho Chi Minh City People’s Committee, has tasked the investor of the city’s metro line No. 1 with devising a plan to either wave or reduce fares in the initial period of its commercial operation to incentivize usage among the public.
In particular, Mai asked the Ho Chi Minh City Management Authority for Urban Railways (MAUR) to report the metro line operation plan.
The first phase of the project is scheduled to start commercial operations in July.
Mai instructed a team, headed by Ho Chi Minh City vice-chairman Bui Xuan Cuong and tasked with reviewing and addressing impediments to the first metro line project, to commence their work.
The city’s first metro line project, including 2.6 kilometers of underground railways and 17.1 kilometers of elevated tracks, carries a price tag of VND43.7 trillion (US$1.8 billion).
It is now over 97 percent complete.
Earlier, the Ho Chi Minh City Department of Transport had planned a fare of VND12,000-18,000 ($0.5-0.7) per single trip for the metro line.
In particular, tickets would cost VND12,000 for passengers traveling less than five kilometers, and VND18,000 for over 15 kilometers.
Long-term fare cards will also be available at VND40,000 ($1.6) per day, VND90,000 ($3.6) per three days, and VND260,000 ($10.5) per month.
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