Work with us, be a link, for strong long term relationships.
For your unique demands, we provide tailor-made service.
Meet us,
and you will see the DIFFERENCE.

Ho Chi Minh City: Three foreign banks increased funding for metro line 2

All three home financing urban rail line 2 (metro number 2) in the city is the Asian Development Bank (ADB), European Investment Bank (EIB) and the International Bank for Reconstruction KfW

(Saigon Times Online) - All three home financing urban rail line 2 (metro number 2) in the city is the Asian Development Bank (ADB), European Investment Bank (EIB) and the International Bank for Reconstruction KfW (KfW) agreed to finance this additional metro line No.2 nearly 725 million US dollars. Currently a total investment of this metro line has increased from 1.3 billion dollars to over 2 billion dollars.

Diagram direction of metro line 2 - Photo: TL TBKTSG.

On the last 30-9 HCM City had written petitions related ministries agreed on the adjustment of the total investment of metro line 2, up from 1.3 billion dollars to over $ 2 billion Noodle.
Talking to The Saigon Times Online today, 5-10, Le Khac Huynh, Deputy Head of Urban Railway Management City, said after recalculation based on design changes, the funds needed to invest subway lines has increased, and foreign banks have agreed to increase further to build sufficient capital city of this metro line.
Project build subway lines 2 (Ben Thanh - Tham Luong) issued by the Urban Railway Management as an investor has been approved by the city People's Committee in 2010 and adjusted in 2013 with a total investment of 1 , 37 billion dollars.
In particular, capital structure consists of ADB investment of US $ 540 million, KfW financed US $ 313 million and the EIB financing of US $ 195 and counterpart funds from the city budget is 326.5 million dollars Noodle.
Most recently, donors, ADB, KfW, EIB continues to unify the division structure to funding on the basis of the total investment value is estimated at US $ 2 billion (increase of 51% compared with total approved investment initially). Specific allocations of ADB additional 500 million US dollars, the bank added 56 million US dollars and 168 million dollars more KfW America.
Factors that increase the total investment is 2 metro adjusted implicit ground stations, complementary design, additional volume crossings between 2 metro with the urban railway line No. 1, 3b, 5, 6; adjust the amount corresponding to the five trains start operation of change (expected by 2022), the factor of inflation ...
According to Huynh, now working clearance for the project is being aggressively implemented. Specifically, the city has decided to withdraw land for approximately 800 households in the project areas in districts 1, 3, 10, 12, Tan Binh and Tan Phu.
In the text sent the Ministry of Planning and Investment last day 30-9, Hanoi People's Committee said the city departments are reviewing, complete dossiers submitted for adjusting the total investment in the project and is expected to The Prime Minister in October this review under the provisions of the Investment Law.
2 metro near 20 km long, beginning at the Thu Thiem New Urban Area (District 2) and end at Tay Ninh Bus Station. However, in phase 1 only build the section from Ben Thanh to Tham Luong 11km long. Clips Ben Thanh - Tham Luong start from Ben Thanh station (District 1) and 9.3 km underground along the August Revolution, before running out of the ground in Tan Phu district, then run along the Truong Chinh to connect into the depot in District 12.
Earlier in mid-May 1-2015, the Management Board of HCMC Urban Railway started the office building and ancillary works at Depot (station and maintenance station) Tham Luong of metro line No. 2.
This is the first package of subway line No. 2 was started. Office building scaled a basement and 8 storey tower block. The total value of building construction was 173 billion and construction period of 1.5 years. The office building will be operated, managed all operations of metro line 2 in the operation and maintenance of the No. 2 subway lines in operation.

Van Nam

 

News Relation

Financial investment: foreign funds ready for disbursement

Enhance the rules and disciplines to the whole Finance sector

Lenders licensed for foreign currency loans

Bank for overseas Vietnamese proposed

APEC vows to promote free trade over protectionism

Vietnam’s participation in financial, monetary and banking institutions facilitated

Vietnam offers conditions for business growth

Tax payment through banks: Change the method of guarantee for tax payment

How are foreign banks performing in Vietnam?

Legislators approve medium-term public investment plan

Punish 0.05% over total tax if not pay fine on time

Enterprise, Investment Laws breathe new life into business environment