It looks like plans for HCMC’s fifth metro line are getting a boost with the Spanish government pledging 3.4 Million Euros for the upcoming project.
Last Tuesday, Maria Gonzalez, head of the Trade Policy Department for Europe, Asia and Oceania, announced Spain’s financial commitment at a meeting with the People’s Committee of Ho Chi Minh City.
Earmarked for the pre-feasibility study for the fifth metro line, the funding is part of a 15 Million Euro loan program available to a number of countries.
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The line that will link the Saigon Bridge with the new Can Giuoc Bus Station is estimated to cost US $2.49 Billion, so the need for funding from multiple countries is needed said Nguyen Thi Hong, deputy chairwoman of the HCMC People’s Committee.
For their financial support, Hong confirmed favorable conditions for Spanish investment will be created in HCMC. Besides funding, further support was pledged as well.
It’s interesting to hear about plans and funding for the fifth line when the first has been plagued by cost overruns and delays.
[Tuoi Tre]
