City Metro Line 2 Project receives US$500 million loan

Nguyen Van Binh, Governor of State Bank of Vietnam and Tomoyuki Kimura, Country Director of Asia Development Bank, have signed a loan agreement of US$500 million for the construction of the Ben Thanh-Tham Luong Metro Line 2 Project in Ho Chi Minh City.

(Photo: SGGP)

Metro Line 2 will start from Tay Ninh-An Suong bus station in District 12, and will run through Truong Chinh, Cach Mang Thang 8, Pham Hong Thai, Ham Nghi Streets, Ben Thanh Market, crossing Saigon River and end at Thu Thiem New Urban Area in District 2.
 
The first phase of the Metro Line will be 11.322 kms, including the underground length of 9.315 kms.

The route will have 11 terminals, including 10 underground stations.

The US$1,375 billion project will be financed by Asian Development Bank, European Investment Bank (EIB) and KFW-German Development Bank and expected to be complete by 2016.

By Quoc Hung – Translated by Kim Khanh

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