"urban railway"

The resolution outlines a series of specific mechanisms and policies, including the mobilisation and allocation of investment capital; procedures for investing in urban rail projects and those based on the Transit-Oriented Development (TOD) model; the development of the rail industry, technology transfer, and workforce training; policies on construction materials and waste disposal; and specific regulations for HCM City.

The National Assembly on February 19 approved a resolution that strongly empowers Hanoi and Ho Chi Minh City in implementing investments in urban railway projects.

Ho Chi Minh City will need about 40.21 billion USD for constructing seven urban railway lines with a total length of about 355km by 2035, its Transport Department said.