The project aims to increase the city’s public passenger transport to account for 15-20 percent of resident demand by 2020, 20.5-26.6 percent by 2025 and 29.3-36.8 percent by 2030.
The agency said that buses will play the key role until the public passenger transport system will be formed after 2030 according to plan.
When the ratio of public passenger transport increases, the number of people using private vehicles will reduce appropriately.
If the project is approved, HCMC will limit motorbikes and head towards stopping their operation in center areas including Districts 1, 3, 5 and 10 by 2025-2030 when the public transport system can meet travel demand of people in these areas.
When measures to reduce motorbikes in the roadmap until 2030 are applied, partial congestion will occur in some parking lots outside the motorbike limited areas, at bus stops and stations because of public transport commuter increase.
The project might face difficulties in reaching consensus from part of residents whose rights might be affected.
About investment capital for the project, the city will give budget priority to development of bus transport system expected to cost VND52,489 billion (US$2.26 billion) in phases from now until 2030. In addition, social resources or official development assistance fund (ODA) funds will be mobilized for the project implementation.