Ho Chi Minh City will start work on its second metro line next May, according to the HCMC Urban Railway Management Board.
Authorities are working to select the contractor for the first package of the Metro Line No.2, which will link Ben Thanh Ward in District 1 with Tham Luong Ward in District 12, Tuoi Tre (Youth) Newspaper reported.
It is expected that site clearance and compensation for 510 affected households and offices in Districts 1, 3, 10,12, Tan Binh and Tan Phu, where the 11.3-km metro will pass through, will be finished next month.
The Metro Line No. 2 is estimated to cost more than VND26.1 trillion (US$1.23 billion), with funds coming from loans from the Asian Development Bank, KfW (a German government-owned development bank), the European Investment Bank (EIB) and the local government’s budget.
Work on the first metro, line which spans around 20 kilometers connecting Ben Thanh and Suoi Tien in District 9, began in 2012 and is expected to be operational by 2018.
The city plans to build a total of eight metro lines.
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