[sustran] Vietnam to Negotiate with ADB on Metro Line

[Todd Edelman]

http://www.railway-technology.com/news/news101562.html?WT.mc_id=DN_News

The State Bank of Vietnam (SBV) will negotiate with the Asian 
Development Bank (ADB) to seek funding for the $1.2bn second Metro 
project in Ho Chi Minh City, Vietnam.

The SBV will negotiate with the ADB on behalf of the Vietnamese 
Government and will complete the concerned procedures with ministries in 
the country for the discussions.

Vietnam started work on its second metro route in August this year.

Upon completion, the 12km, 11-station Metro Route No 2 will run through 
districts 1, 3 and 10, Tan Binh and Tan Phu districts in the city, 
according to the Vietnam News Agency.

Construction is expected to be complete in 2015 with commercial services 
starting in 2016.

Funding is expected to be provided partly by the government and from 
loans from the ADB, the Overseas Development Administration and the 
European Investment Bank.

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Todd Edelman
Green Idea Factory,
a member of the OPENbike team

Mobile: ++49(0)162 814 4081

edelman at greenidea.eu
www.greenidea.eu
todd at openbike.se
www.openbike.se

Skype: toddedelman

Urbanstr. 45
10967 Berlin
Germany

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