KOICA funds metro projects in HCM City
The Korea International Cooperation Agency (KOICA) has granted HCM City a fund of US$5 million to make a feasibility study of the 14.5km long Metro Line No5 in stage 2's construction phase, connecting Bay Hien Intersection and Can Giuoc Bus Terminal in the city.
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Meanwhile, according to the Municipal Management Authority for UrbanRailways (MAUR), the Korea Eximbank (KEXIM), as the consultative agency, has begun making a pre-feasibility study of a 2km long metro line from Lang Cha Ca crossroad in Tan Binh district to Tan Son Nhat airport in February this year after the Korean Government agreed to give US$1 billion for the study.
The Republic of Korea is the fourth country taking part in metro projects in HCM City.
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