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

TUOI TRE NEWS

Updated : 05/29/2017 16:10 GMT + 7

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.

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This entry was posted in Hạ tầng giao thông - Transport infrastructures, Kết cấu hạ tầng - Infastructures, Đường sắt - Railways and tagged , , , by Trần Đình Hoành. Bookmark the permalink.

About Trần Đình Hoành

I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn. I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law. I have published many articles on national newspapers and radio stations in Việt Nam. In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship. Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam. I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN. I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net). I study the art of leadership with many friends who are religious, business and government leaders from many countries. In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống). In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success". I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.

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