The Asian Development Bank (ADB) and Government of Vietnam signed a USD 540M loan deal this week to fund construction of the MRT Line 2 in Ho Chi Minh City.
The 11.3km MRT Line 2 will run along 9.3km of tunnels and 2km of elevated track stretching from Ben Thanh in the centre to Tham Luong, out past Tan Son Nhat International Airport.
Ayumi Konshi, ADB directory for Vietnam said, “The project will have clear indirect poverty reduction impacts and will not only significantly reduce traffic congestion and accidents but also substantially reduce greenhouse gas emissions, making Vietnam one of the leading countries in the region to address climate change mitigation through low carbon transport modes.”
