EIB Approves Loan for Vietnamese Metro Line

08 December 2010


The European Investment Bank has approved a €150m ($199m) loan to Vietnam to finance the construction of a metro line project in Ho Chi Minh City.

Metro line 2 will stretch over 11.3km and will have 11 stations in the city centre.

The project also includes building and equipping a new depot, as well as acquiring rolling stock to operate on the line.

Once operational, the line will carry about 140,000 passengers a day in the first year.

The project is being co-financed by the Asian Development Bank and German state-owned development bank KfW.


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