Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Vietnam  >>Economy  >> WB funds City bus corridor
NEW UPDATES Asean Affairs 3 June 2015  





WB funds City bus corridor

The World Bank on Friday approved a loan of US$124 million to improve the efficiency of public transport in a high-priority corridor in HCM City.

The city, Viet Nam's economic hub, generates a fifth of the country's gross domestic product. Along with its surrounding region, HCM City accounts for almost half of Viet Nam's total manufacturing output.

"To ensure continued strong economic performance and achieve Viet Nam's goal of successfully transitioning to middle-income status, the national government is seeking to address infrastructure constraints as one of its key strategic direction," Arturo Ardila-Gomez, the World Bank's Project Team Leader, said.

"Given HCM City's pivotal role in the national economy, the project focuses on upgrading a key transport corridor to demonstrate the potential of a sustainable urban transport system."

The project will finance a bus rapid transit (BRT) corridor between An Lac in the south-west and Rach Chiec in the north-east along the Vo Van Kiet and Mai Chi Tho highways.

Once completed, the system — stretching around 23 km with 28 stations — will be able to transport up to 28,300 passengers a day.

Its design, addressing the needs of women, children and people with disabilities, will include keeping all bus and station doors at the same level, making it easier for passengers to board and exit buses and load strollers and others.

The stations will have low-slope ramps for wheelchair access.

The project will also finance at least 28 buses running on compressed natural gas, a cleaner fuel that reduces emissions.

The project will seek to showcase the advantages of a BRT, help city authorities prepare for implementing a proposed six-line network and lay the foundation for HCM City to build the institutions needed to run an integrated public transport system in future.

In future the metro, tramway, BRT, and bus lines will need to be co-ordinated to provide users with an integrated service that makes travel convenient. This integration implies, among other things, a unified fare structure integrating stations and stops of different modes so that transfers are seamless and convenient.

By building up the capacity of HCM City's existing institutions to handle urban transport management and operations, the project will pave the way for the eventual establishment of a unified Public Transport Authority that will co-ordinate strategy, services, and fares across all public transport modes.

The project will cost $137.45 million and be financed by an International Development Association credit equivalent to $124 million. The remaining amount ($13.45 million) will be provided by the Government.

The IDA credit will have a maturity of 25 years, including a grace period of five years, according to a press release from World Bank Viet Nam.--VNS



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                           June 3 , 2015 Subsribe Now !
• WB funds City bus corridor Subcribe: Asean Affairs Global Magazine
• Rice exports to EU fall as Myanmar's jumps
• City bucks national tourism decline
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Ambitious EO to support PHL car parts industry
• Myanmar population reached 51.5m in 2014
Asean Analysis                   May  29, 2015
• Asean Analysis May  29, 2015
Enhanced Defense Cooperation Agreement: Manila’s Most Credible Deterrent to China
Advertise Your Brand

Asean Stock Watch  June 2,   2015
• Asean Stock Watch-June 2, 2015
The Biweekly Update
• The Biweekly Update May 29, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com