|The two metro lines will help ease traffic congestion and reduce accidents in the city. (Photo: Viet Dung/SGGP)|
Ho Chi Minh City’s construction projects of two metro lines to connect Ben Thanh Market to other urban areas are expected to receive Official Development Assistance (ODA) funds, said the HCMC People’s Committee.
The Asia Development Bank (ADB) has recently provided financial aid for the preparation of the construction of the metro lines and helped find sponsors for the two projects.
As potential German sponsors still had no official announcement on their decision to fund the projects, the HCMC People’s Committee submitted a proposal to use ODA funds from the Japan Bank for International Cooperation (JBIC) for the construction of the two metro lines.
The two metro lines are expected to help ease traffic congestion, reduce accidents, and meet the city’s great demand for public transportation.
The two lines will be 21km in length. One line will run from Ben Thanh Market to Tham Luong Commune in Tan Binh District, with a length of 10.6km. The other will extend from the Ben Thanh Market to the Western Bus Terminal in Binh Chanh District, with a length of 10.4km.
Each train will be able to transport 700 to 1,000 passengers every five minutes at a maximum speed of 80km per hour.