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More capital for Metro Line 1 will be available in Q2

by VTV406 March 2019 Last updated at 18:38 PM

VTV.vn - Ho Chi Minh City is working with the Ministry of Planning and Investment to finalize the financial plan for additional funds for Metro Line no.1.

As expected, total investment for Metro Line 1 will increase from 731 million USD to 2 billion USD. The city affirmed that the additional funding was carefully assessed. Two Singaporean consultancies carried out independent assessments and concluded that two billion USD is the proper investment for the 18 km metro line and is reasonable given the regional average. As scheduled, the additional funding for metro line 1 will be available in the second quarter. HCMC will continue cooperation with Japanese contractors to finish construction. The metro line is expected to be completed for test runs in 2020. Currently 63% of workload has been completed.

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