JavaScript is off. Please enable to view full site.

Korean bank pledges $233mn loan for Ho Chi Minh City airport metro

Monday, May 29, 2017, 16:10 GMT+7
Korean bank pledges $233mn loan for Ho Chi Minh City airport metro
A map of Lang Cha Ca Intersection in Tan Binh District, Ho Chi Minh City where the highlighted areas are hot spots of traffic congestion

The Export-Import Bank of Korea (KEXIM) has promised to provide US$233.3 million in official development assistance (ODA) for Ho Chi Minh City to build a metro line connecting to Tan Son Nhat International Airport.

Metro line 4 b-1 will run over two kilometers from the Lang Cha Ca Intersection to Tan Son Nhat Airport in Tan Binh District, Ho Chi Minh City.

Construction of the metro line has been approved by Deputy Prime Minister Pham Binh Minh on the proposal of the Ministry of Planning and Investment.

The administration of Ho Chi Minh City is tasked with consulting relevant ministries and government bodies in drafting the feasibility report for the project.

Metro line 4 b-1 must fit into the rest of the city’s future metro network and employ the same technologies to allow smooth operation, the Vietnamese government said.

According to Ho Chi Minh City’s Management Authority for Urban Railways, KEXIM has agreed to provide $233.3 million in ODA for the southern metropolis to develop its airport metro line.

The loan is part of an ODA package made available by the government-run Economic Development Cooperation Fund (EDCF) of South Korea.

KEXIM has also pledged to provide a further $297 million in ODA and $200 million to the export credit agency (ECA) for the second phase of the city’s metro line 5.

The line will run from Can Giuoc Station in District 8 to Bay Hien Intersection in Tan Binh District, the plan for which has been submitted to the city’s administration for approval.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!



Read more

Spain mourns World Cup exit, more victims in line

Defending champions Spain slumped into mourning over their disastrous World Cup exit on Thursday ahead of a clash between England and Uruguay that could see another famous name fatally wounded

5 years ago

Chelsea march on after 2-1 win at Liverpool

Chelsea came from behind to beat Liverpool 2-1 at Anfield on Saturday as they maintained their unbeaten start to the season and stretched their lead at the top of the Premier League to seven points

5 years ago



Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Vietnamese-made app allows people to grow real veggies via smartphone

Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.

Chinese tourists hit by Vietnamese over dine and dash

Four Chinese were reportedly injured, with one having a broken arm.

Latest news