ADB promises additional 500 million USD for Metro 2 project
The Asian Development Bank (ADB) plans to provide another loan worth 500 million USD for Metro 2 project in Ho Chi Minh City, said ADB Vice President Stephen Groff.
The Metro 1 project in Ho Chi Minh City (Photo: VNA)
HCM City (VNA) – The Asian Development Bank (ADB) plans to provide another loan worth 500 million USD for Metro 2 pro✱ject in Ho Chi Minh City, said ADB𝔉 Vice President Stephen Groff.
At a working session with Vice Chairman of the municipal People’s Committee Le Van Khoa in the city on November 3, Groff hailed the city’s efforts to accelerate the implementation of ADB-funded projects, particularly in transport, water supply and drainage.
However, he said the two sides should work together more closely to carry out these projects on schedule, especially in the stages of site clearance, resettlement and bidding.
The fruitful relationship between ADB and HCM City is reflected by the number of their joint projects, Stephen Groff said, adding that ADB wants to fund more development projects in the city.
The bank will join hands with the Japan International Cooperation Agency (JICA) in performing a drainage project in the city, Groff added.
For his part, Khoa spoke highly of the bank’s cooperation with the city and relevant agencies in implementing its projects, and pledged to ensure the schedule of urban transport and water supply projects.
He suggested that the two sides coordinate to tackle remaining diffic🍌ulties regarding🎃 the loans for site clearance and the Metro 2 project.-VNA
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The Metro 1 project in Ho Chi Minh City (Photo: VNA)
