City Metro Project receives Euro850 million funding

The Asian Development Bank, the European Investment Bank, and the Spanish Government on September 11 unanimously agreed to finance the construction of Metro Line 5 Project in Ho Chi Minh City.

Light green line indicates Metro Route No. 5, to be built in HCMC

According to Le Khac Huynh, Deputy Head of the City Urban Railway Management Unit, Asian Development Bank will provide US$500 million (around Euro330 million), European Investment Bank will support with Euro150 million, and the Spanish Government will give Euro200 million. The remaining money will come from the Vietnamese Government.

Metro Line 5 will start from Saigon Bridge and end at Can Giuoc bus station in the Mekong Delta province of Long An, stretching across 23.4km and link Line 1 and 2. The construction will kick off in 2015.

Metro Route No.1 will run from Ben Thanh Market in District 1 to Suoi Tien Amusement Park in Thu Duc District and Route No. 2 will run from Thu Thiem New Urban Area in District 2 to An Suong Bus Station in District 12.

By Quoc Hung – Translated by Kim Khanh

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