In Ho Chi Minh City, a major financial center, an ambitious project is underway to build three new metro lines totaling over 25 km, this is reported by the railway transport news portal Railway Supply.

The project involves constructing new metro lines

This extensive project is estimated to cost over $5 billion USD.

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One key aspect is the second phase of Line 2, connecting the city center to the new Tho Thiem district in the east of Ho Chi Minh City.

Construction on the first phase of this line has already begun, with completion slated for 2030.

Major financial investors in the second phase of Line 2 include Korea’s Eximbank, providing favorable financial support.

Line 3a, valued at $2 billion USD, is also part of the project, but construction has yet to be approved due to financial disagreements.

Line 5 is also set to receive investments from various sources such as the Asian Development Bank, the European Investment Bank, and Kreditanstalt für Wiederaufbau.

Beyond these three lines, plans for the future include eight more metro lines, a tram line, and two monorail lines, bringing the total length of metro and other transportation arteries in the city to 220 km.

The total investment in these projects is estimated to be around $26 billion USD.

The first metro line is planned to open in July 2024.

Picture: MAUR

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