US$155Mln for Environmentally-sustainable Transport in Hanoi
On July 3, 2007, the World Bank Board of Directors approved US$155.21 million for the Hanoi Urban Transport Development Project to promote environmentally sustainable transport modes and urban development plans, and to replicate the model country and region-wide.
The proposed financing will come from International Development Association – a source of concessional financing for low income countries. The project will also receive a grant of US$ 9.80 million from the Global Environment Facility, managed by the World Bank.
“Environmental and traffic issues will be a key challenge for Vietnam in the future as cities grow and vehicle ownership increases,” said William D. O. Paterson, Acting Country Director for the World Bank in Vietnam. “The Hanoi Urban Transport Development Project is designed to address both of them in ways that can later be replicated nationwide.” Paterson, Acting Country Director for the World Bank in Vietnam. “The Hanoi Urban Transport Development Project is designed to address both of them in ways that can later be replicated nationwide
Toward those goals, the project will develop a Bus Rapid Transit System, including 37 km of dedicated bus lanes and 9 km of bus priority along the Giang Vo- Lang Ha and Giai Phong - Dai Co Viet corridors, its related facilities, and the acquisition of 130 vehicles. It will also establish a modern Bus management system.
The Road Infrastructure and Sustainable Urban Planningcomponent includes the construction of a section of the Second Ring Road between Nhat Tan Bridge and Cau Giay, together with support for sustainable urban land development and transportation planning in Hanoi.
And the Institutional Development Component will help strengthen air quality management; support traffic safety; support the establishment and strengthening of a new Public Transport Authority, transport planning and policy development; and finance replication activities.
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Vietnamese
