Motro Metro
Despite ODA loans provided by Japan, the construction of Saigon’s first metro line is still delayed by sluggish disbursement
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| A section of Metro Line No.1 in Binh Thanh District, Ho Chi Minh City. Photo: Tuoi Tre |
Thẻ: metro line No 1 Bến Thành-Suối Tiên
HCM City asks State for additional $2 billion of ODA
vietnamnews
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| HCM City has asked the government to allocate an additional VNĐ48.76 trillion (US$2.14 billion) worth of ODA funds for the city to continue work on two projects. — VNA/VNS Photo Mạnh Linh |
Viet Nam News HCM CITY — HCM City authorities have asked the Ministry of Planning and Investment and Ministry of Finance to allocate an additional VNĐ48.762 trillion (US$2.14 billion) of official development assistance (ODA) in the next three years, with VNĐ8 trillion ($352.33 million) allocated for this year.
The Japan International Cooperation Agency (JICA) has urged the city to work with the government to request more funds to implement two JICA-funded projects this year.
The work includes construction on metro line No 1 Bến Thành-Suối Tiên and the second phase of a water environment improvement project on the Tàu Hủ-Bến Nghé-Đôi-Tẻ canal.
Under commitments with the contractors, annual ODA loans needed for the two projects would reach VNĐ29.512 trillion ($1.3 billion) by 2020, and VNĐ7 trillion ($308.34 million) for this year. Tiếp tục đọc “HCM City asks State for additional $2 billion of ODA”
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