The Ho Chi Minh City People's Committee, representing the State, fully owns Urban Railway Company No. 1 Limited Liability Company (HURC), the operator of the city's inaugural metro line.

In its five-year mandate, the Ho Chi Minh City People's Committee instructed HURC to operate efficiently, safeguarding and growing state capital. The company's revenue must increase by 10% annually, targeting a cumulative total of nearly 3.760 billion VND by 2030, or an average of 750 billion VND each year. By 2030, HURC is expected to achieve 900 billion VND in revenue.

HURC's primary revenue streams include subsidies, determined by operational distance and a per-kilometer unit price agreed upon with the Ho Chi Minh City Public Transport Center. Additional income is generated from passenger ticket sales and infrastructure maintenance.

The city also expects HURC to increase its pre-tax profit each year, from nearly 22 billion VND this year to almost 32 billion VND by 2030. The cumulative pre-tax profit for the entire five-year period is projected at 133 billion VND.

HURC currently operates the Ben Thanh - Suoi Tien Metro Line, a nearly 20 km route linking the city center with its eastern gateway. This project, Ho Chi Minh City's first urban railway, involved an investment exceeding 43.700 billion VND and took 12 years to complete. The line features 14 stations, with three located underground in the central business district.

The Ho Chi Minh City People's Committee anticipates HURC will meet and surpass its passenger volume and train frequency targets in the coming years. This initiative also aims to bolster the public transport system and encourage city residents to adopt public transit habits.

Long-term projections by Ho Chi Minh City indicate that by 2030, urban railways will cater to 20-30% of resident travel demand. This share is expected to rise to 35-50% by 2035 and reach 50-60% by 2045.

Phuong Dong