HCM City, Japan sign a metro contract The Ho Chi Minh City Management Authority for Urban Railways and Japanese consortium contractor Shimizu-Meada on July 21 signed a contract (bidding package 1B) to build two metro stations in HCM City. The JPY23.7 billion contract is part of the metro route No. 1 project connecting Ben Thanh Market with Suoi Tien Theme Park. Two underground stations dubbed Municipal Opera Theatre and Ba Son, will be built, using the top-down approach. Municipal Opera House station construction will start in late July and is scheduled for completion in April 2015. The metro route No.1 has a total length of 19.7km, including a 2.6km underground section. The underground section travelling past the Municipal Opera Theatre will be built, using the tunnel boring machine (TBM) technology. Construction work on the overground section began in August 2012. The route will be given a test run in 2019 before being officially put into operation in the following year. Hanoi’s CPI increases by 0.18% in July The Consumer Price Index (CPI) in Hanoi for July accelerated 0.18% over the previous month and 6.39% over the same period last year, according to the Municipal Statistics Office. There were across the board increases in the prices of goods and services in all the baskets of goods for the month, with the exception of the post and telecom group, which remained relatively unchanged. Foodstuffs and dining-out services rose by 0.42% and 0.21% against June, respectively. Prices of housing-electricity-fuel-construction materials went up 0.53%….