(VOV) – The British Consulate-General in Ho Chi Minh City and the Korea Railroad Research Institute (KRRI) on May 27 held a seminar discussing the expansion of the urban rail transit system in HCM city.
The seminar focused on the impact of the new rapid urban rail infrastructure on potential corridors of economic development along the routes and matters related to financing the construction.
With a total investment of US$1.85 billion, foreign donors have contributed nearly EUR860 million to implement the first phase of the metro line. HCM City is calling for the remaining funds to be sourced from the UK and RoK Government along with other ancillary sources.
The management board of HCM city’s Urban Railway also introduced the planning of the city’s urban railway system, with a focus on building metro line No 5, in the second phase of construction.
According to representatives from the British Consulate-General in HCM City and the KRRI, the business community can benefit tremendously by supporting and engaging in the project to complete HCM City’s metro line No 5.
Sustainable rail system in HCM City shaping up Related image(s)
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