HCM CITY — The HCM City's Department of Transport has unveiled a project to purchase 1,680 new buses at a total cost of VND2 trillion (US$95.7 million) for the 2012 – 2015 period.
|A bus picks up passengers in HCM City's Binh Thanh District. The city will purchase 1,680 new buses during the 2012-15 period. — VNA/VNS Photo Hoang Hai
This includes 571 80-seat buses, 409 55-seat buses and 700 40-seat buses.
The city plans to call on companies and cooperatives to invest in the new buses.
The city has promised to help investors with low-interest rate loans and subsidise for bus operations.
Investors would have to pay only 30 per cent of the total cost, and the remainder would be covered through low-interest rate loans that the city People's Committee would arrange for investors, according to the Department of Transport.
The new buses, which use compressed natural gas, are of a high standard and meet the requirements of Euro III exhaust regulations.
All the buses will have electronic information signs and GPS bus locaton system.
The buses will have the same colour to ensure consistency.
The detailed project will be submitted to the city government by the end of June. — VNS