2024.01.09
On December 29, 2023, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Socialist Republic of Viet Nam in Hanoi to provide a Japanese ODA loan of up to 41,223.7 million yen for the Ho Chi Minh City Urban Railway Construction Project (Ben Thanh-Suoi Tien Section (Line1)) (IV).
By constructing an urban railway connecting Ben Thanh and Suoi Tien in Ho Chi Minh City, this project will alleviate traffic congestion and air pollution in the Ho Chi Minh metropolitan area, while also encouraging regional economic development. The project will thereby contribute to the achievement of SDGs Goals 9 (Industry, innovation and infrastructure), 11 (Sustainable cities and communities), and 13 (Climate action).
Special Terms for Economic Partnership (STEP)* will apply to the Japanese ODA loan for this project. This project will utilize Japanese railway civil engineering, rolling-stock and electricity-communication-signaling systems, and other maintenance and management technologies.
Japanese-made vehicle
Trial run conducted on the elevated section
* STEP refers to special assistance terms for promoting the visibility of Japanese aid through a transfer of outstanding Japanese technology and expertise to developing nations. The main contract is Japan tied and subcontracting is general untied. The main agreement partner must generally be a Japanese company, an overseas subsidiary of a Japanese company, or a joint venture between a Japanese company and the borrowing country where the Japanese company is the lead partner, although under certain conditions a joint venture between a Japanese company (which is the lead partner of the joint venture) and an affiliated company (as accounted under the equity method) of a Japanese company may be the main agreement partner.
Details for the loan are provided below.
| Project title | Amount (million yen) |
Annual interest rate (%) | Repayment period (years) |
Grace period (years) |
Procurement | |
|---|---|---|---|---|---|---|
| Project | Consulting services |
|||||
| Ho Chi Minh City Urban Railway Construction Project (Ben Thanh - Suoi Tien Section (Line1)) (IV) | 41,223.7 | 0.10 | 0.01 | 40 | 10 | Japan tied |
Management Authority for Urban Railways, The People’s Committee of Ho Chi Minh City,
Address: 29 Le Quy Don Street, Ward 7, District 3, Ho Chi Minh City, Vietnam
Phone: +84-8-3930-9495, Fax: +84-8-3930-9497
For further information about the procurement schedule, please contact the party listed below.
Contact Point for Ho Chi Minh City Urban Railway Construction Project (Ben Thanh-Suoi Tien Section (Line1)), JICA Vietnam Office
Address: 11th Floor, Corner Stone Building, 16 Phan Chu Trinh Street, Hoan Kiem District, Hanoi, Vietnam
Phone: +84-4-3831-5005, Fax: +84-4-3831-5009
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