The Asian Development Bank (ADB) has agreed to extend a $293m loan to Vietnam for construction of a metro line to ease traffic congestion in its capital Hanoi.

The project involves the construction of a 12.5km metro line, including 3.6km underground and 8.9km of elevated track, from Hanoi station through Cau Giay to Nhon.

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The metro rail line is scheduled to be completed in 2015 and is expected to transport more than 150,000 people a day, and half a million a day by 2030.

The project is also part-funded by the French Government and the European Investment Bank, and is an integral part of the first of four priority metro lines planned for the capital’s metropolitan area.

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