![Ho Chi Minh City seeks $92mn loan from state funds for metro](/mag/images/resized/images/stories/201903/metro1tphcm_295_166.jpg)
The administration of Ho Chi Minh City has sought permission from Prime Minister Nguyen Xuan Phuc to borrow VND2.15 trillion (US$92.9 million) from the central government to pay contractors who are building Metro Line No.1, the first of such system in the southern metropolis.
The payment will help the project run in line with the plan, and it would help to avoid complaints and lawsuits about debts, the municipal chairman Nguyen Thanh Phong said in a petition recently submitted to the premier.