Agreements were signed between multiple parties in HCM City yesterday for setting up an electric bus rapid transit system (Photo: VNA) HCM City (VNS/VNA) - Three memorandums ofunderstanding (MoUs) were signed on June 7 in HCM City for setting up anelectric BRT (bus rapid transit) system.
DATAM Technology Company signed one with ALG Systems for LED streetlighttechnology and the Republic of Korea's Trade-Investment Promotion Agency(KOTRA) for research and development of a pilot plan for operating electric BRTsmart buses.
A second was inked between the National Space Science Council (NSSC),DATAM, GBC Smart City Corp, and ALG Systems for supporting researchand technology transfer.
The Vietnam News Agency signed one with DATAM and GBC Smart City Corporationfor communication to help solicit investment and implementation of the project.
The BRT Smart Bus project is expected to cost around 525 million USD, with thefunding coming from the Green Climate Fund.
It plans to spend 300 million USD on producing 20,000 electric buses, and 225million USD for installing solar-powered LED lights, a camera system usingartificial intelligence and free Wifi.
James Lee, chairman of DATAM, one of the investors, said, “The projectwill contribute to making HCM City an environment-friendly and green city.”
With technology transfer for electric bus production from DATAM, HCM City canproduce electric BRT buses which will cost 20 percent less thannormal buses.
That will create a new industry, provide jobs and enable exports toSoutheast Asian countries.
A medium-sized electric BRT bus measuring 1.49m wide will only need a 1.5mlane, or just 60 percent of the current bus lane.
Each of the buses will have 17 seats including one each for the driver anddisabled people.
The buses are planned to run every minute.
They will be equipped with a CRM data monitoringsystem and use smart cards for payment.
Tran Chi Trung, head of the Public Transport Management Centre, saidthough the city was investing a lot in infrastructure it was unable tokeep pace with the rate of urbanization and demand for transport.
According to the official, the severe congestion on its roads causes lossesestimated at 1.5 billion USD a year.
The public transport system comprises 3,000 buses operating on 152 routes,and meeting only 9.5 percent of demand. It is estimated the city needs afleet of around 21,000 buses.
“An electric BRT bus system is an effective solution forreducing pollution,” Trung said.
Emissions from vehicles account for some 70 percent of the city'spollution.-VNS/VNA
VNA
