The Asian Development Bank (ADB), European Investment Bank (EIB) and Spanish government approved to fund construction of a third metro line in Ho Chi Minh City.
Specifically, ADB agreed to contribute $500 million, the EIB 150 million euros ($199 million), and Spain 200 million euros ($265.5 million), for the first stage of the project to build a 8.9 km section of Metro Line No. 5, which will link Saigon Bridge in Binh Thanh district to Bay Hien intersection in Tan Binh district.
This is the third metro route in the city. The other two are Metro Line No.1, running from Ben Thanh market in District 1 to Suoi Tien tourist park in Thu Duc district, and Metro Line No.2, which links Thu Thiem New Urban Area in district 2 to An Suong bus station in District 12.
Construction on Metro Line No. 5 is scheduled to start in 2015 to link the Metro Line No. 1 (construction began in 2012) and Metro Line No. 2 ( construction to start in 2014).
After completion, the three metro lines are expected to each carry about 526,000 passengers a day.
The other four metro projects in the city include No. 3A: Ben Thanh (District 1) – Tan Kien (Binh Chanh District), No. 3B: Cong Hoa Intersection (District 3) – Hiep Binh Phuoc (Thu Duc District), No. 4: Nguyen Van Linh Avenue (District 7) – Ben Cat Bridge (District 12), and No. 6: Ba Queo (Tan Binh District) – Phu Lam Roundabout (District 6).