Ho Chi Minh City’s Urban Civil Works Construction Investment Management Authority (UCCI) announced the Bus Rapid Transit (BRT) No 1 project on August 12. Accordingly, the BRT system is invested with 137.5 million USD, 124 million USD of which is financed by the World Bank’s loans and the balance by the city’s budget. The 23-kilometre line will run along Mai Chi Tho and Vo Van Kiet Avenues and through districts 1, 2, 5, 6 and 8, Binh Tan and Binh Chanh. The project will use 28 buses using compressed natural gas (CNG) as fuel and a modern Intelligent Transportation System (ITS). According to Luong Minh Phuc, Head of UCCI, the project coupled with a new metro system will contribute to developing the city’s public transport system in the future. On the occasion, the UCCI officially launched a corporation identify programme (CIP) of the Saigon BRT brand with the image of a soaring swift in blue and orange colours. VNA … [Read more...] about HCM City invests $137 mln in rapid bus transit
New city investment managers
HCM City invests 137 mln USD in rapid bus transit
Ho Chi Minh City’s Urban Civil Works Construction Investment Management Authority (UCCI) announced the Bus Rapid Transit (BRT) No 1 project on August 12. Accordingly, the BRT system is invested with 137.5 million USD, 124 million USD of which is financed by the World Bank’s loans and the balance by the city’s budget. The 23-kilometre line will run along Mai Chi Tho and Vo Van Kiet Avenues and through districts 1, 2, 5, 6 and 8, Binh Tan and Binh Chanh. The project will use 28 buses using compressed natural gas (CNG) as fuel and a modern Intelligent Transportation System (ITS). According to Luong Minh Phuc, Head of UCCI, the project coupled with a new metro system will contribute to developing the city’s public transport system in the future. On the occasion, the UCCI officially launched a corporation identify programme (CIP) of the Saigon BRT brand with the image of a soaring swift in blue and orange colours.-VNA … [Read more...] about HCM City invests 137 mln USD in rapid bus transit
Public investment management, debt settlement need to be to be strengthened
Hanoi, January 22 (VNA) – The need to strengthen public investment management and settle outstanding debts from the State budget and Government bonds was highlighted in an extensive inspection report published by the Government Inspectorate of Vietnam (GIV). In the report, the GIV suggested the Government instruct ministries, sectors, and localities review and develop measures to address delayed and extended projects while accelerating the implementation of investment laws. Other suggestions include drastic settlement of outstanding construction debt in 2015, building a medium-term investment scheme for 2016 - 2020, designing a law on public investment, and strengthening the autonomy and responsibility of localities over their allocated public financial sources. Ministries, sectors and centrally-run cities were requested to give financial priority to completed, key, and urgent projects and national target programmes on poverty reduction and new-style rural area building, … [Read more...] about Public investment management, debt settlement need to be to be strengthened
HCM City invests in Can Tho City
Domestic Press Highlights (13-04-2006) HCM City invests in Can Tho City HCM City companies have signed contracts worth more than VND6 trillion (US$377 million) with Can Tho companies yesterday. The city plans to invest over the next five years in Can Tho in industry, services, tourism, science and technology, and urban management. From 2001 to 2005, HCM City companies invested VND2,3 trillion (US$144 million) for Can Tho projects, which accounted for 12.5 per cent of the total investment capital for Can Tho. Sai Gon Giai Phong (Liberated Sai Gon) Korean doctors aid the blind with free care Doctors from Korea's Vision Care Service (VSC), a non-government organisation, performed free eye surgery on 94 poor patients in the southern province of Long An. Kim Dong Hae of VSC said the group, in its first visit to the country, had also given free check ups and medicine to more than 500 poor patients. The programme cost up to US$20,000 and was sponsored by Korean-based company LG Electronics … [Read more...] about HCM City invests in Can Tho City
Software firm eyes “new city”
Quang Trung Software City Development Company has been instructed by the Ho Chi Minh City People's Committee to work with the planned Thu Thiem new urban area management board to study possible locations for developing a second site. According to Chu Tien Dung, chairman of Quang Trung Software City Development Company (QTSC), Thu Thiem Software Park is a prime candidate for QTSC2. "We are researching some places for QTSC2 and will report to the Ho Chi Minh City People's Committee the best one," Dung said. "As we have seen, Thu Thiem Software Park is an important candidate for QTSC2 with a high possibility of attracting investments because it has a good infrastructure network and it is less than 20 kilometers from the city center." Thu Thiem new urban city is envisioned as a dynamic, diverse urban center of Ho Chi Minh City, comprising facilities for trade, housing, public services, culture and education as well as open space that is suitable for a population of 130,000 people … [Read more...] about Software firm eyes “new city”