Vietnam Prime Minister Nguyễn Tấn Dũng approved the technical assistance for the first phase of Metro Line No. 5 in Ho Chi Minh City.
The project, financed by the Asian Development Bank, will be implemented from March 2015 to November 2017 with a total capital of USD 840,000, including an Official Development Assistance of USD 600,000.
Ho Chi Minh City’s People’s Committee will launch the project, which aims to prepare for the construction of the Metro Line No.5, support researches and propose policies and measures for urban traffic in the city.
Metro line No. 5 is designed to be 23.4 km long, running from the Saigon Bridge in Binh Thanh District to the Can Giuoc Coach Station in Binh Chanh District.
The first phase of the project will cover a section of 8.9 km running between the bridge and the Bay Hien Intersection in Tan Binh District.
This is the third metro project in the city that has obtained enough capital to start its first phase. The other two projects are the Ben Thanh-Suoi Tien metro line (metro No. 1) that will link District 1 and District 9, and the Ben Thanh-Tham Luong metro line (metro No. 2), which will connect District 1 and District 12.
The other four metro projects in the city include No. 3A: Ben Thanh (District 1) – Tan Kien (Binh Chanh District), No. 3B: Cong Hoa Intersection (District 3) – Hiep Binh Phuoc (Thu Duc District), No. 4: Nguyen Van Linh Avenue (District 7) – Ben Cat Bridge (District 12), and No. 6: Ba Queo (Tan Binh District) – Phu Lam Roundabout (District 6)