The Asian Development Bank (ADB) has approved a $540m loan for a $1.4bn project to build an 11.3km urban railway line in Ho Chi Minh City, Vietnam.
The metro rail line project involves the construction of a second mass transit line, which will stretch from Ben Thanh in the central part of the city near the Tan Son Nhat International Airport to Tham Luong.
About 9.3km of the mass transit line will run underground, with 2km of elevated and transition track.
Approximately 213,000 passenger loadings per day are expected during the first year of operation in 2017, rising to 300,000 a day by 2020 and over 700,000 by 2035, according to the ADB.
The city's urban mass transit line 2 investment programme has received $313m from the German bank KfW Bankengrup, $195m from the European Investment Bank, with the Government of Vietnam funding the remaining $326.5m.
