The management board said the project has so far been moving two years slower than expected due to the design and total investment capital had been adjusted from US$ 1.3billion up to 2.19 billion.
Besides, the bidding mechanism has met difficulties due to a lack of capital. Therefore, the board suggested ADB to continue sponsoring more capital for the project.
Representative of ADB said the site clearance and compensation, the bidding mechanism have spent so long time causing the project has been implemented slower than scheduled.
Mr. Tran Vinh Tuyen said the city asked authorities, related agencies to shorten administrative procedures to ensure the project’s progress adding that the management board must speed up the progress of project in HCMC.
