Hung said transport infrastructure and environmental protection are among issues that Hanoi is actively addressing since it has a big population of nearly 10 million, over six million motorbikes and 600,000 cars. The Prime Minister has approved a planning scheme to build nine urban railway routes in Hanoi with a total length of about 410km, including nearly 70km underground. The city has built a roadmap to reduce personal vehicles. It will prohibit motorbikes in the inner city by 2030 and focus on developing public transport means like buses. The capital is carrying out two urban railway routes. The first phrase of the No.3 is underway with a length of 15km, including four km running underground, using official development assistance (ODA) capital from multiple foreign sources, including the EIB. Last August, the bank signed an agreement supplementing EUR68 million for the project, raising its financial assistance to EUR141 million, making up nearly 15% of the project’s total capital. So far, Hanoi has disbursed EUR50 million and is speeding up the progress of the project. Apart from transport infrastructure development, the city is focusing on measures to protect the environment, especially solid waste treatment, Hung said. With long-term cooperation experience, Hanoi hopes the EIB will provide financial support and help European businesses to invest in the field. Taylor said his bank will continue working with Vietnam and Hanoi to address environmental issues, especially mitigating the impacts of climate change. The early building of a cooperation mechanism is essential to ensure the best… [Read full story]
NDO/VNA – The Hanoi Railway Transport Company and the Japanese Tokyo Metro have agreed to join hands on developing a sustainable urban railway system in Hanoi. Under their Memorandum of Understanding (MoU) signed on January 15 in Hanoi, the Japanese side will provide technical consultation for the development, operation and management of the urban railway projects implemented by Hanoi. They will also exchange human resources and relevant information. Addressing the signing ceremony, Vice Chairman of the municipal People’s Committee Nguyen Quoc Hung said the deal is expected to help Hanoi manage and run its railway system in a more…... [read more]
HCM CITY (Biz Hub) – French companies are ready to help Viet Nam develop an urban railway system by providing capital, technology and special expertise, the Consul General of France said on Tuesday. M Fabrice Mauries made the commitment today at a seminar about urban railways systems in Viet Nam, organised by Ubifrance Viet Nam in HCM City on the occasion of the France – Viet Nam Year. Participants included many experts and investors from Viet Nam and 11 French companies. Developing several means of transport, including an urban railway system, is one of many important factors included in…... [read more]
Funds prioritized for urban railway developmentBy Song Nguyen - The Saigon Times DailyHCMC - Deputy Prime Minister Hoang Trung Hai has asked ministries, HCMC and Hanoi to give priority to arranging funds for urban railway projects.He asked the Ministry of Transport and local authorities to speed up work on urban railway projects in the two major cities and gave deadlines for completing investment plans for all the projects by the third quarter this year.The ministries of transport and construction have been asked to cooperate in setting out technical criteria and quality standards for railway projects, including subways, elevated railways, tramways…... [read more]
Fabrice Mauries, French Consul General in HCM City, said Hanoi and HCM City are developing urban railways that include underground rails and France is eager to assist.Vietnam’s GDP has increased by 7 percent annually over the past 20 years. With around 1 million people added to the national population every year and a high rate of urbanisation rate, the country needs urban railway systems.Projects to build four out of eight planned urban railway lines are underway in Hanoi while HCM City plans to construct 7 railways, one tramway, and two monorails.Experts also discussed issues related to urban railway development, such…... [read more]
Fabrice Mauries, Consul General of France in HoChi Minh City, made the remark on May 28 at a seminar with leadingVietnamese and French experts in rail transport and urban planning,adding that it is a concrete illustration of the bilateral partnershipbetween the two countries. The event, which was heldin this southern economic hub by the French Embassy in Vietnam, theFrench Agency for International Business Development in Vietnam andthe Ho Chi Minh City Urban Railway Management Unit, is part of economicactivities to mark Vietnam-France Year. Thediplomat said that developing urban railway systems is an important areain the France-Vietnam partnership, which is manifested…... [read more]
