Authorities in Vietnam’s capital city of Hanoi have approved a plan, funded by the Asian Infrastructure Investment Bank (AIIB), to study mechanisms and policies for preparing a comprehensive proposal for developing the city’s urban rail system, state media reported.
The $200,000 study is scheduled to be carried out by the first quarter (Q1) of 2025. It aims to create a transit-oriented development framework, establish investment strategies, and integrate land value capture mechanisms for funding. It will also define legal and institutional standards to guide urban rail and station planning.
The study will assess the impact of proposed mechanisms on investment in urban rail, prioritize ongoing and planned projects, and recommend strategies for mobilizing capital, including public investment, private capital, and public-private partnerships (PPP).
By 2030, Hanoi plans to build ten urban railways with a total length of 417.8 kilometers and a total cost of $40.5 billion, but only the Cat Linh-Ha Dong railway and Nhon-Hanoi station are operational. (BNews)
Post date: 2024-12-09