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Pool meadow bus station

/ September 30, 2020

HCM City proposes five electric bus routes

The HCM City Department of Transport has suggested a project to pilot five electric bus routes for one year. Under the project to be invested by Vingroup, five electric bus routes will start from Vinhome Grand Park to Tan Son Nhat International Airport, Saigon Bus Station, Mien Dong Station, the HCM City National University’s urban area and Emart Shopping Centre. An electric bus of Vingroup Up to 77 buses will be used for the routes. Each can accommodate 65-70 people and has the investment of VND6.5 billion (USD282,608). The subsidised ticket prices would be from VND5,000-7,000, depending on different routes. Students would enjoy the price of VND3,000. According to the Department of Transport, electric buses will help to reduce the city's air pollution. The five routes mainly link new urban areas with public places so their operations would have a minor effect on current bus routes. The Department of Transport has also proposed the subsidy the five routes during the pilot. The subsidy accounts for 44.1% out of the routes’ total operation costs. …

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/ March 6, 2021

City seeks private investors for metro lines

The inside of a passenger train carriage for Metro Line No.1 in HCM City. The city is seeking more private investment to build its metro lines. — VNA/VNS Photo Tiến Lực HCM CITY — HCM City wants to attract more private investment instead of relying on official development assistance (ODA) to build its remaining metro lines, but experts have said that it faces a difficult challenge. Dr. Vũ Anh Tuấn, director of Việt Đức Transport Research Centre, said the city was facing hurdles finding private investors for the metro lines. “Investors are hesitant because these metro projects are all done on a massive scale and require a huge amount of capital, while revenue from ticket sales is not enough to cover operating costs,” he said. Moreover, a lack of a legal framework on private-public partnership (PPP) investment in traffic and railway projects has added to the problem, according to Tuấn. Dr. Huỳnh Thế Du, lecturer at Fulbright University, said it was important to learn from the experience of other countries such as South Korea and China, which initially relied on advanced technology and foreign loans for their first railway lines. Later, they focused on domestic private investment and technology, which lowered the costs greatly. Most of the metro lines in HCM City are being funded by ODA loans. For example, the first metro line with a total investment of VNĐ43.757 trillion (US$1.9 billion) is being built with an ODA loan from Japan of VNĐ38.265 trillion, and reciprocal capital of VNĐ5.492 trillion. Total investment for metro line 2 is VNĐ47.891 trillion, of which ODA is VNĐ37.487 trillion from the Asian Development Bank (ADB), German KfW Development Bank (KfW) and European Investment Bank (EIB). The reciprocal capital is VNĐ10.404 trillion. The first phase of metro line No 5 will be funded by ODA loans from the ADB, KfW, EIB and the Spanish government. “The problem with the use of ODA loans is the delay in disbursement procedures, …

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/ March 6, 2021

HCM City seeks private investors for metro lines

The inside of a passenger train carriage for Metro Line No.1 in HCM City. The city is seeking more private investment to build its metro lines (Photo: VNA) HCM City (VNS/VNA) – Ho Chi Minh City wants to attract more private investment instead of relying on official development assistance ( ODA ) to build its remaining metro lines, but experts have said that it faces a difficult challenge. Dr. Vu Anh Tuan, Director of Viet Duc Transport Research Centre, said the city was facing hurdles finding private investors for the metro lines. “Investors are hesitant because these metro projects are all done on a massive scale and require a huge amount of capital, while revenue from ticket sales is not enough to cover operating costs,” he said. Moreover, a lack of a legal framework on private-public partnership (PPP) investment in traffic and railway projects has added to the problem, according to Tuan. Dr. Huynh The Du, lecturer at Fulbright University, said it was important to learn from the experience of other countries such as the Republic of Korea and China, which initially relied on advanced technology and foreign loans for their first railway lines. Later, they focused on domestic private investment and technology, which lowered the costs greatly. Most of the metro lines in HCM City are being funded by ODA loans. For example, the first metro line with a total investment of 43.757 trillion VND (1.9 billion USD) is being built with an ODA loan from Japan of 38.265 trillion VND, and reciprocal capital of 5.492 trillion VND. Total investment for metro line 2 is 47.891 trillion VND, of which ODA is 37.487 trillion VND from the Asian Development Bank (ADB), German KfW Development Bank (KfW) and European Investment Bank (EIB). The reciprocal capital is 10.404 trillion VND. The first phase of metro line No 5 will be funded by ODA loans from the ADB, KfW, EIB and the Spanish government. “The problem with the use of ODA loans is the delay in …

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