The WB will continue assisting Hanoi in upgrading and building transport infrastructure, Country Director for Vietnam Victoria Kwakwa said during a meeting with the municipal authorities on March 1.
Second Ring Road’s Nhat Tan-Cau Giay segment (Photo: VNA)
Hanoi (VNA) – The World Bank (WB) will continue assisting Hanoiꦰ in upgrading and building transport infrastructure, Country Director for Vietnam Victoria Kwakwa said during a meeting with the municipal authorities on March 1.
According to Kwakwa, the Hanoi urban transport development project, which loaned over 155 million USD from the WB, includes the construction of the Second Ring Road’s Cau Giay-Buoi-Nhat Tan segment and the development of a bus rapid transit system.
Taking into account the capital city’s efforts to speed up construction work, the WB decided to prolong the project’s disbursement deadline to the end of 2016.
Kwakwa noted the need to quicken land clearance to build bus stations and stops so that the express bus system can become operational in this June.
She added that the bank is assessing the efficiency of current infrastructure projects and selecting future ones.
Nguyen Duc Chung, Chairman of the Hanoi People’s Committee, said with drastic implementation, the city expects to finish the Cau Giay-Buoi-Nhat Tan segment in upcoming May and soon complete the bus stops and related overpasses.
Hanoi plans to propose new transport projects for funding, with priority given to the building of the Kim Ma to Noi Bai airport segment and the west-eastern areas, Chung added.-VNA
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Second Ring Road’s Nhat Tan-Cau Giay segment (Photo: VNA)
