Hanoi needs to find 10 billion USD to develop the city's transport infrastructure during the next five years, Transport and Public Works Department director Nguyen Quoc Hung said on Feb. 22.
The city will source the capital through Official Development Assistance loans, bond issues and forms of investment including Building and Transfer and Building, Operation and Transfer.
The city's 2011-15 infrastructure investment will focus on key traffic projects, including completing ring-roads and upgrading highways.
Additionally, the city has defined key urban regions for investment, such as O Cho Dua, Voi Phuc, O Dong Mac and Nguyen Khoai and rural routes such as Lang Hoa Lac-Son Tay, Phap Van-Cau Gie.
The city will build and upgrade highways linking the city with provinces and motorways and the main north-south highway as a way to improve socio-economic development in the regions.
It also will repair inner key roads, build more bridges and continue to build underground car parks.
Sixty locations that experience serious traffic jams will be investigated to find solutions, while traffic signals and road marking will be added.
The city also will invest in public buses and driver training, upgrade its transport information provision, such as schedules and time tables, and create bus routes in high-density residential areas./.
The city will source the capital through Official Development Assistance loans, bond issues and forms of investment including Building and Transfer and Building, Operation and Transfer.
The city's 2011-15 infrastructure investment will focus on key traffic projects, including completing ring-roads and upgrading highways.
Additionally, the city has defined key urban regions for investment, such as O Cho Dua, Voi Phuc, O Dong Mac and Nguyen Khoai and rural routes such as Lang Hoa Lac-Son Tay, Phap Van-Cau Gie.
The city will build and upgrade highways linking the city with provinces and motorways and the main north-south highway as a way to improve socio-economic development in the regions.
It also will repair inner key roads, build more bridges and continue to build underground car parks.
Sixty locations that experience serious traffic jams will be investigated to find solutions, while traffic signals and road marking will be added.
The city also will invest in public buses and driver training, upgrade its transport information provision, such as schedules and time tables, and create bus routes in high-density residential areas./.
