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The track of Metro Line No. 1, from Ben Thanh Market to Suoi Tien Theme Park, in HCM City (Photo: VNA) HCM City (VNA) – The Export-Import Bank of the Republic of Korea (KEXIM) has asked Ho Chi Minh City ’s authorities for permission to conduct an investment study for Phase 2 of Metro Line No. 5 , set to be carried out in the public-private partnership (PPP) format. In its letter sent to the Chairman of the municipal People’s Committee and the city’s Management Authority for Urban Railways (MAUR), KEXIM said it will soon provide funding for the update of the project’s pre-feasibility study, which covers technical, financial, and legal aspects, according to the MAUR. The bank noted that members of the research group and participating investors have experience in building and operating urban railway routes, including Metro Line No. 9 of the RoK’s Seoul capital, in the PPP format. The MAUR said it had a working session on January 19 with some investors and consultancies from the RoK to discuss the study and related orientations for the project. The Korean side, including KEXIM and some businesses and consultancies, presented the plan to update the pre-feasibility study, whose final version is expected to be submitted by the end of 2021. The pre-feasibility study for Phase 2 of Metro Line No. 5 was previously financed by the Korea International Cooperation Agency (KOICA). However, due to certain objective reasons, the project was unable to be funded through official development assistance (ODA) loans, but the PPP format. The 23.39km-long Metro Line No. 5 is developed in two phases. The first one, from the Bay Hien intersection to Sai Gon Bridge, is about 8.8km long and invested with around 1.66 billion USD. It is funded with ODA capital from the Spanish Government, the Asian Development Bank (ADB), the European Investment Bank (EIB), and the German development bank KfW. Meanwhile, Phase 2 is about 14.5km long./. VNA …

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In its letter sent to the Chairman of the municipal People’s Committee and the city’s Management Authority for Urban Railways (MAUR), KEXIM said it will soon provide funding for the update of the project’s pre-feasibility study, which covers technical, financial, and legal aspects, according to the MAUR. The bank noted that members of the research group and participating investors have experience in building and operating urban railway routes, including Metro Line No. 9 of the RoK’s Seoul capital, in the PPP format. The MAUR said it had a working session on January 19 with some investors and consultancies from the RoK to discuss the study and related orientations for the project. The Korean side, including KEXIM and some businesses and consultancies, presented the plan to update the pre-feasibility study, whose final version is expected to be submitted by the end of 2021. The pre-feasibility study for Phase 2 of Metro Line No. 5 was previously financed by the Korea International Cooperation Agency (KOICA). However, due to certain objective reasons, the project was unable to be funded through official development assistance (ODA) loans, but the PPP format. The 23.39km-long Metro Line No. 5 is developed in two phases. The first one, from the Bay Hien intersection to Sai Gon Bridge, is about 8.8km long and invested with around 1.66 billion USD. It is funded with ODA capital from the Spanish Government, the Asian Development Bank (ADB), the European Investment Bank (EIB), and the German development bank KfW. Meanwhile, Phase 2 is about 14.5km long. …

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>>> First batch of AstraZeneca vaccine arrives in Vietnam this morning >>> Prime Minister orders quick vaccination for people >>> Hai Duong conducts large-scale testing for COVID-19 from Feb 24 >>> Students in 52 provinces, cities come back to school Speaking at a meeting between the permanent cabinet members and the standing members of the National Steering Committee for COVID-19 Prevention and Control on February 24, the minister said localities around the country have performed well in implementing prevention and control measures. As of the morning of February 24, Vietnam had 2,403 COVID-19 infections, with 1,760 recoveries. Ten localities hit by the latest outbreak have now gone many days without new cases, he noted. In Hai Duong, the pandemic is now under sound control with faster testing and contact tracing. He said that SARS-CoV-2 variants found in cases in Vietnam include the 20C variant, which was contracted by a Japanese patient found dead in Hanoi earlier this month and another recent case in the capital. This variant is mostly found in the Republic of Korea, India, and Taiwan (China), but not Japan. Its infection speed is not high, while its strength is yet to be determined. The SARS-CoV-2 variant found in Hai Duong originated from the UK and South Africa, while that in Quang Ninh was also detected in the UK. The minister asked localities to continue applying preventive measures against the pandemic in line with the Prime Minister’s Directive No. 05, while paying greater attention to supervising medical facilities and patients exhibiting fevers and coughs as well as foreign experts and people entering the country from abroad. The first batch of COVID-19 vaccines arrives in Vietnam on February 24, 2021. (Photo: NDO) At the meeting, local authorities of Quang Ninh announced that the northern province will spend at least VND500 billion (US$21.7 million) on purchasing COVID-19 …

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