The Prime Minister has approved a transport strategy in the southern keyeconomic zone for 2020, putting public transport at the helm of urbandevelopment, especially in Ho Chi Minh City.
The plan, also including orientations to 2030, gives priority to publictransport, with trains and trams in the spotlight in an effort to reducetraffic jams in big cities, especially the largest economic hub of HCMCity.
It also calls for quality transport serviceswith reasonable prices, diversification of means of transport anddevelopment of logistics.
The strategy aims totransport 1.3-1.4 billion passengers a year, thus recording an annualgrowth rate of between eight and nine percent, of which air passengersare estimated at 25 million. In regard to cargo, the regional system isexpected to transport between 500 and 550 million tonnes a year andrecord an annual growth rate of 7-8 percent, of which sea ports are toplay a key role for handling 265-305 million tonnes.
To meet the goal, the strategy emphasises upgrading the trans-Vietnamrailway with the HCM City station as a hub and the connection of therailway system with seaports and major economic zones. It also calls forinvestment in new railways to complete connectivity within the regionand the Mekong Delta as a whole, while conducting research on investmentin the North-South Rail Express as a future project.
Deep-water ports in oil-rich Ba Ria-Vung Tau province, boomingindustrial Dong Nai province and HCM City are also the target ofinvestment. Airport upgrades are needed to meet increasing demand atdifferent stages. The construction of Long Thanh international airportis set to finish and be put into operation during this period.
The development plan focuses on several main corridors running from HoChi Minh City at the centre to northern Vietnam, the Mekong Delta’s BaRia-Vung Tau province, the Central Highlands and Cambodia.
The strategy puts domestic investment as vital, with sources coming indifferent forms such as State budgets, including official developmentassistance, bond issuance and public-private cooperation. It also callsfor foreign investment./.
The plan, also including orientations to 2030, gives priority to publictransport, with trains and trams in the spotlight in an effort to reducetraffic jams in big cities, especially the largest economic hub of HCMCity.
It also calls for quality transport serviceswith reasonable prices, diversification of means of transport anddevelopment of logistics.
The strategy aims totransport 1.3-1.4 billion passengers a year, thus recording an annualgrowth rate of between eight and nine percent, of which air passengersare estimated at 25 million. In regard to cargo, the regional system isexpected to transport between 500 and 550 million tonnes a year andrecord an annual growth rate of 7-8 percent, of which sea ports are toplay a key role for handling 265-305 million tonnes.
To meet the goal, the strategy emphasises upgrading the trans-Vietnamrailway with the HCM City station as a hub and the connection of therailway system with seaports and major economic zones. It also calls forinvestment in new railways to complete connectivity within the regionand the Mekong Delta as a whole, while conducting research on investmentin the North-South Rail Express as a future project.
Deep-water ports in oil-rich Ba Ria-Vung Tau province, boomingindustrial Dong Nai province and HCM City are also the target ofinvestment. Airport upgrades are needed to meet increasing demand atdifferent stages. The construction of Long Thanh international airportis set to finish and be put into operation during this period.
The development plan focuses on several main corridors running from HoChi Minh City at the centre to northern Vietnam, the Mekong Delta’s BaRia-Vung Tau province, the Central Highlands and Cambodia.
The strategy puts domestic investment as vital, with sources coming indifferent forms such as State budgets, including official developmentassistance, bond issuance and public-private cooperation. It also callsfor foreign investment./.
