Urban Railways of Ho Chi Minh City (MAUR) has announced investors and consultants for the Metro line 5 project in the city. The Kemix group is financing the pre-feasibility study for the project. This 23.4 km long metro line will be implemented in two phases. In phase 1, 8.89 km long railway line from Bay Hien intersection to Saigon Bridge. Phase 2 involves a 14.5 km long metro line connecting the Bay Hien intersection to the new Can Giuoc bus station. The project was previously set to be funded by Korea International Cooperation Agency (KOICA), but is now being procured under the public-private partnership (PPP) model.
Metro line 5 is estimated to cost US$ 1.66 billion, which will be funded by the Spanish government, the Asian Development Bank (ADB), European Investment Bank (EIB), and German Reconstruction Bank (KfW).
The pre-feasibility study for the project will be funded by Kemix Bank, while Hyundai Engineering Co., Ltd., Lotte Corporation, Samil PwC, Dohwa Engineering, Sejong Corporation, and Shearman & Sterling will act as advisors to authority.
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