HCM CITY (Biz Hub) — The Prime Minister has approved all the technical support programmes for the HCM City Green Transport Development Project to improve the efficiency of public buses along a high-priority corridor.
They will be completed by 2020 at a cost of US$10.77 million, of which $10.5 million will come from non-refundable aid from Switzerland routed through the World Bank.
Areas will be zoned along the corridor and urban designs will be adjusted in line with the transit oriented development, which refers to a mixed-use residential and commercial areas designed to maximise access to public transport and often incorporates features to attract passengers.
The city will create a mechanism to encourage the private sector to get involved with public transport infrastructure.
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A legal framework and regulations for the city's sustainable development around bus rapid transit (BRT) stations are also part of the technical support package.
Public spaces will be built along the corridor to increase the attractiveness of the BRT system and enable urban development around BRT stations.
The number of passengers using the BRT is expected to increase to 27,000 a day five years after the start of the project and 29,000 a year later. — VNS