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Japan interest in metro line shopping centers

Released at: 10:43, 09/03/2015

Japan interest in metro line shopping centers

Japanese enterprises keen to build shopping centers at Ben Thanh station and develop others along HCMC's underground railway lines.

by Huyen Thanh

Japanese enterprises are interested in developing a shopping center in the underground section of the under-construction metro station at Ben Thanh Market, on Metro Line No. 1 in Ho Chi Minh City. They hope to receive support from the city and will contribute their technical experience in building underground constructions.

Metro Line No. 1, which has a total length of 19.7 km, including 2.6 km underground, has 14 stations, three of which are underground, and connects Ben Thanh Market and the Suoi Tien Amusement Park in District 9. Investment comes from Japanese development assistance loans and city funds. According to the master plan, an 18,000 square meter area underneath Le Loi Street has been zoned for the construction of trade facilities. Mr. Katsuro Nagai, Head of the Japanese Embassy's Economic Board, said that the proposed shopping center should be built along with the construction of Ben Thanh station. Tokyu, a Japanese group, is also seeking to cooperate with Vietnamese company, SAMCO, to conduct research on the development of satellite projects surrounding the Suoi Tien station.

Mr. Le Hoang Quan, Chairman of the Ho Chi Minh City People's Committee, said that the city is putting all its effort into completing the underground railway project soon. It also will prioritize Japanese investors in the development of shopping centers at train stations.

Trains on the underground railway will have a maximum speed of 80 km/h underground and 110 km/h above ground, allowing passengers to travel from Suoi Tien to the downtown area in just 29 minutes.

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