HCM City (VNA) – Chairmanof the Ho Chi Minh City People’s Committee Nguyen Thanh Phong has expressed hiswish to continue receiving support from the KfW Development Bank of Germany in KfW-fundedprojects in the city.

During a working session in HoChi Minh City on August 29 with KfW Country Director Christian Haas, Phong saidthe city agrees with KfW’s proposal regarding an additional loan worth 200million EUR for key routes of metro line No.2 and pledges to work closely withthe Finance Ministry and KfW on the loan.

About a project on non-refundableaid for the metro line No.2 provided by the European Commission (EC), themunicipal railway management board proposed a sum worth 6 million EUR. The ECwill decide on the proposal soon.

Haas said KfW will also provide a200 million EUR loan for a policy support project in Vietnam, which will bedisbursed in 2017 and 2018, adding that the lender offers different incentivesto such loan packages, which have been submitted to the Finance Ministry andthe municipal Finance Department.

According to the municipalrailway management board, the Prime Minister on August 28 signed a decision toextend the duration for the construction of the metro line No.2 until late2020.

Regarding adjustments to the key routes of the metroline No.2, the municipal authorities sent documents to concerned departmentsand agencies and will report to the PM, it added.-VN