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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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The HCMC Urban Environment Company (Citenco) and the HCMC Finance and Investment State-owned Company (HFIC) said the projects would use advanced technologies to promote sustainable development and foster a green economy. One of the projects is to complete a 20 ha landfill at the Phuoc Hiep waste treatment complex in Cu Chi District. The landfill, which can process 2,000 tons of waste each day, is expected to commence within the first quarter this year and be completed in three months. The VND200 billion landfill project will be a backup plan when existing landfills become overloaded or stop operating. The construction of a VND3 trillion waste-to-energy power plant within the same landfill is another project. With an incinerating capacity of 1,000 tons of waste a day, the plant is expected to help reduce trash in the city while producing electricity for the national grid. Another project, relocating a hazardous waste treatment plant from Hoc Mon District to Cu Chi, would also be carried out by 2023. The VND400-600 billion project will help increase the plant’s waste treatment capacity to 1,000 tons a day. The second phase for the construction of the Da Phuoc Cemetery in Binh Chanh District is also a part of the plan. The 46 ha, VND2 trillion cemetery will have over 46,000 graves. It will met reburial demands from the Binh Hung Hoa and other cemeteries in the city. The firms plan to spend VND100-200 billion on replacing garbage trucks and other environmental vehicles by buying 50-100 new vehicles. Nguyen Ngoc Hoa, HFIC Board of Members, said over 50 percent of the project’s investment capital would be derived from existing sources, and the rest mobilized from both domestic and foreign sources. HCMC now discharges around 9,300 tons of domestic waste a day, with 10 percent more being added every year. By 2025, the city aims to have 90 percent of construction waste and all industrial and medical waste collected and treated. It also targets that by 2023, 60 …

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