Spain to fund building metro in HCMC

Spain will be supporting the construction of the first stage of a metro line from Bay Hien crossroad to Saigon Bridge in Binh Thanh District in HCMC.

Jose Carlos Garcia de Quevedo Ruiz, Director General for Trade and Investment in Spain stated this at a joint meeting with Nguyen Thanh Tai, Deputy Chairman of the People’s Committee of Ho Chi Minh City.

He said that Spain will also support the technical management of the metro line and help seek other foreign investors for the project.

The city’s urban railway system has six metro routes, of which metro line 1 runs from Ben Thanh Market in the city center to Suoi Tien in District 9, financed by the Japan Bank for International Cooperation. The other metro line 2 runs from Ben Thanh Market to An Suong Bus Station in Hoc Mon District and is funded by the German Reconstruction Credit Institute, the Asian Development Bank and the European Investment Bank.

By V.Cao – Translated by T.Huong

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