70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Hanoinews
World Bank to help Hanoi draft strategic vision for urban mass transit system
Ngoc Thuy - Tran Long 13:35, 2021/01/13
Hanoi is seeking technical support for its socio-economic development, focusing on urban management, traffic congestion, and climate change.

The World Bank (WB) stands ready to support Hanoi in modernizing its urban railway system, including the line No.6 running from Noi Bai to Ngoc Hoi, and drafting a strategic vision for long-term urban transportation development.

 Secretary of the Hanoi Party Committee Vuong Dinh Hue and Country Director for the WB in Vietnam Carolyn Turk. Photo: Thanh Hai. 

Country Director for the WB in Vietnam Carolyn Turk made the statement at a meeting with Secretary of the Hanoi Party Committee Vuong Dinh Hue on January 12.

According to Mrs. Turk, while the WB has been assisting Hanoi in developing the network of Bus Rapid Transit (BRT) over the years, however, the bank’s financial support for the city remains at modest level.

During Hanoi’s rapid urbanization process, some social issues have emerged, including polluted rivers and air pollution, which should be promptly addressed to avoid severe consequences in the future, noted Mrs. Turk.

In this regard, the WB could share its experience with the city in dealing with water pollution and food safety issues, she continued.

Secretary of the Hanoi’s Party Committee Vuong Dinh Hue said the city is in need of huge investment capital for infrastructure development.

 Delegates at the meeting. Photo: Thanh Hai. 

Over the past five years, Hanoi attracted US$25 billion in foreign direct investment (FDI), while the figure is estimated to reach over US$4 billion in 2020 despite severe Covid-19 impacts.

“To ensure an annual average economic growth of 7.5% in the next five years, total investment capital is expected to expand by 12% per year, with the amount set to nearly triple during the previous period,” stated Mr. Hue.

The Hanoi Party chief said to reach this target, Hanoi is mobilizing preferential loans from international organizations, including the WB, he said.

“Hanoi is also seeking technical support to resolve issues during the socio-economic development process, including urban management, traffic congestion, and climate change,” Mr. Hue continued.

For the railway line No.6 section from Noi Bai to Ngoc Hoi, Mr. Hue wanted the WB to support drafting feasibility study report for the soon implementation of the project.

“The city is considering the option of using WB’s loans for other urban railway projects,” he said.

TAG: Vietnam Hanoi World Bank Vuong Dinh Hue Carolyn Turk covid-19 urban mass transit system infrastructure BRT
Other news
16:13, 2024/06/13
Hanoi's narrow alleyways make firefighting and rescue challenging
Many of the capital's 4,500 alleys are extremely narrow, making fire scenes inaccessible to fire trucks.
20:23, 2024/06/12
Hanoi to enhance cultural and trade cooperation with Peru
Peru is currently Vietnam's 6th largest trade partner in the Latin American region, while Peruvian culture is also increasingly spreading to the Vietnamese people.
17:43, 2024/06/12
Integrating cultural and human values into Hanoi's urban planning: Key to sustainable development
Hanoi, with its thousand-year heritage and uniquely historical and cultural layers along the Red River, stands as one of Southeast Asia's most vibrant cities.
14:24, 2024/06/12
NA Standing Committee makes further comments on Hanoi Master Plans
Under the two master plans, Hanoi aims to become the center of socio-economic growth in the region by 2065.
21:12, 2024/06/11
Hanoi's northern district revives cultural space for tourism growth
Some 134 cultural relics of national importance are expected to catapult tourism in Hanoi's Dong Anh District.
15:01, 2024/06/11
Exhibition showcases 28 outstanding green building concepts
With the motto "Touch life - Architecture is nature", the Top 10 Awards 2023 seek to identify, reward and promote interior and architectural ideas that satisfy the public's preferences and promote sustainable living values.