11:12 | 03/03/2016 Economy- Society
The World Bank (WB) will continue to assist Hanoi with upgrading and building transport infrastructure, Country Director for Vietnam Victoria Kwakwa said during a meeting with the municipal authorities on March 1.
Chairman of the Hanoi People’s Committee Nguyen Duc Chung (right) receives WB Country Director for Vietnam Victoria Kwakwa. (Photo: anninhthudo.vn)
According to Kwakwa, the Hanoi urban transport development project, which loaned over US$155 million from the WB, includes the construction of the Second Ring Road’s Cau Giay-Buoi-Nhat Tan segment and the development of a rapid bus transit system.
Taking into account the capital city’s efforts to speed up construction work, the WB decided to extend 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 be put into operation by no later than June of this year.
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 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 - Noi Bai airport segment and the west-eastern areas, Chung added./.