The PM has approved to extend the Hai Phong Urban Transport Development Project till August 31, 2018.
The project is invested with US$276.61 million, of which the total capital sponsored by the International Development Association (IDA) makes up US$175 million.
The PM assigned the Hai Phong City’s People’s Committee to coordinate with the State Bank of Viet Nam and the Ministries of Foreign Affairs and Justice to complete legal procedures to extend the deadline of the project.
The objective of the Hai Phong Urban Transport Development Project for Viet Nam is to improve urban accessibility and strengthen capacity for urban transport management and planning in Hai Phong.
There are three components to the project, the first component being urban main road development. This component will increase urban accessibility through construction of a new east-west link (connected to main north-south links) for cross town traffic within Hai Phong and longer distance freight to and from Haiphong’s port system.
The second component is the transport improvement. This component supports transformation of the public transportation services along the Tam Bac-Kien An urban corridor, including measures to strengthen institutional development for public transport management, piloting of transformative approaches to fleet management, acquisition of new buses, and upgrading of infrastructure and facilities. Finally, the third component is involved capacity-building.