The European Investment Bank (EIB) has agreed to provide a credit of 150 million EUR for a project to build the second metro route in Ho Chi Minh City.
An agreement was signed in Hanoi on December 6 between Vietnam’s Finance Ministry and the EIB, which will co-finance the project along with the Asian Development Bank and the German Development Bank (KfW).
The credit will be used to install and equip a new depot as well as purchase trains carriages for the route’s first 11.3km long section with 11 stations in the inner city.
The route is expected to carry 140,000 passengers every day during its first year of operation, which will help to reduce traffic jams in the city.
The initial line in HCM City is designed to be 20km long, beginning from Thu Thiem and ending at An Suong Station. Its total cost is estimated at over 1,347 million USD.
The construction will be carried out two phases. The study for the first phase to build the 11.3km section from the Ben Thanh market to Tham Luong began in 2003./.
An agreement was signed in Hanoi on December 6 between Vietnam’s Finance Ministry and the EIB, which will co-finance the project along with the Asian Development Bank and the German Development Bank (KfW).
The credit will be used to install and equip a new depot as well as purchase trains carriages for the route’s first 11.3km long section with 11 stations in the inner city.
The route is expected to carry 140,000 passengers every day during its first year of operation, which will help to reduce traffic jams in the city.
The initial line in HCM City is designed to be 20km long, beginning from Thu Thiem and ending at An Suong Station. Its total cost is estimated at over 1,347 million USD.
The construction will be carried out two phases. The study for the first phase to build the 11.3km section from the Ben Thanh market to Tham Luong began in 2003./.
