Thursday, March 3, 2011

Vietnam gets $38.7-M German loan for metro line

March 3, 2011
Source: DPA

HANOI (dpa) – Germany's state-owned development bank signed the first loan agreement for $38.7 million to help build a second metro line in Ho Chi Minh City, the bank said.

The loan is part of a $333-million loan agreement between the German Reconstruction Credit Institute (KfW) and the Vietnamese government to fund construction of a second underground line through the economic hub.

The line is set to be 13 kilometers long with 10 stations. It is planned to start running in 2018.

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