Ho Chi Minh City needs some VND353 trillion (over US$22 billion) to carry out an urban traffic development plan to eliminate once and for all traffic jams in the city till 2020. The figure was announced at a conference on urban traffic development in the city on November 28.
Director of the municipal Transport and Public Works Department Tran Quang Phuong said that the city can only afford 12 percent of VND127 trillion (US$8 billion) needed for more than 100 transport infrastructure projects in the next three years.
Therefore, HCM City has proposed that the government includes the city’s five metro routes in a list of priority projects for official development assistance (ODA).
The city also asked the government to consider the construction of a national railway to reduce traffic jams.
According to Mr. Phuong, traffic jams are on the rise in the city, causing air pollution and economic losses of about VND14 trillion (US$875 million) a year.
The city has 3,365 roads with a combined length of 3,223 km, which have to accommodate close to 3.6 million vehicles, excluding nearly 760,000 vehicles from neighbouring provinces. The average speed of two-wheel vehicles at rush hours in the city is about 10 km/hour, even 8 km/hour.
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