Phu Quoc Approves VND 9 Trillion Urban Rail Line Investment
On October 24th, during the 4th session of the An Giang Provincial People’s Council (10th term, 2021-2026), delegates approved the investment policy for the urban rail line project (Section 1) under the Public-Private Partnership (PPP) model in Phu Quoc Special Economic Zone.
The project, classified as Group A, is a critical component of the future urban rail network development plan for the special zone.
The project will utilize approximately 34 hectares of land, strategically located along key connectivity axes within the special zone. Implemented through the PPP model under a BOT (Build-Operate-Transfer) contract, the agreement will span up to 40 years from the commencement of operations and handover. Construction is slated to begin in Q4/2025, with completion expected by Q2/2027.
A Milestone in Developing High-Quality Public Transport Infrastructure in Phu Quoc
The urban rail line is a significant step toward establishing high-quality public transport infrastructure in Phu Quoc. A modern, eco-friendly transportation system will not only reduce reliance on private vehicles but also significantly enhance mobility for residents and tourists alike.
Phu Quoc Special Economic Zone, host of APEC 2027. Photo: Dau Tu Newspaper
The project also plays a pivotal role in long-term urban and tourism development by seamlessly connecting tourism clusters, service hubs, and coastal areas. This positions Phu Quoc as a globally competitive destination, on par with leading regional tourism cities.
Notably, the rail line is a priority project to support the APEC 2027 Summit, scheduled to take place in the special zone. A state-of-the-art public transport system will enhance national prestige and establish enduring infrastructure for international conferences and tourism.
AI-generated illustration of Phu Quoc’s future rail line by ChatGPT
Economically and socially, the VND 9 trillion project is expected to generate substantial ripple effects: creating jobs during construction, stimulating service consumption, driving urban real estate development, and attracting foreign investment. Once operational, the rail line will reduce societal transport costs, save travel time, and minimize emissions compared to private vehicles.
The Phu Quoc urban rail line (Section 1) transcends its role as a mere transport project, serving as a strategic catalyst for the island’s vision to become a world-class tourism city. With a total investment of nearly VND 9 trillion and a timeline extending to 2027, the project is poised to become a landmark infrastructure achievement, leaving a global impression at APEC 2027.
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