The proposal was made in a pre-feasibility study by South Korean consultants.The municipal government plans to borrow about 224 million USD for the project, with the remainder covered by the state budget.
City authorities aim to submit the feasibility study to the prime minister in the first quarter of 2018. They expect to kick off construction in the first quarter of 2019 and finish in 2024. Ho Chi Minh City is also seeking National Assembly approval to implement the first phase of the 1.84 billion USD metro line 5.