HCM City seeks more metro line fundingHCM City’s metro lines are facing various issues with procedures, disbursement, and cost overrun. On-going construction of Metro Line 1 in HCM CityThe HCM City Urban Railway Management Board recently asked the city people's committee to give VND1trn (USD44m) in advance to pay contractors working on the Metro Line 1 this year. A member of the HCM City Urban Railway Management Board said at first the city hired a local consultancy company to do the pre-feasibility study report. HCM City People's Committee said the currency exchange, minimum wage increase, and inflation also played important parts in the cost-overrun. Metro Line 2 also experienced a similar cost-overrun from USD1.37bn to USD2.17bn after being reviewed by foreign consultants.

Source: VietNamNet News March 14, 2018 05:15 UTC