13:24 | 16/08/2015 Investment
Ho Chi Minh City’s Urban Civil Works Construction Investment Management Authority (UCCI) announced the Bus Rapid Transit (BRT) No 1 project on August 12.
Accordingly, the BRT system is invested with US$137.5 million, US$124 million of which is financed by the World Bank’s loans and the balance by the city’s budget.
The 23-kilometre line will run along Mai Chi Tho and Vo Van Kiet Avenues and through districts 1, 2, 5, 6 and 8, Binh Tan and Binh Chanh.
The project will use 28 buses using compressed natural gas (CNG) as fuel and a modern Intelligent Transportation System (ITS).
According to Luong Minh Phuc, Head of UCCI, the project coupled with a new metro system will contribute to developing the city’s public transport system in the future.
On the occasion, the UCCI officially launched a corporation identify programme (CIP) of the Saigon BRT brand with the image of a soaring swift in blue and orange colours./.