Jul 14, 2018 / 18:45

South Korea pledges to assist Da Nang in planning urban railway system

South Korea`s project on developing, planning, operating and managing urban railway system plays a significant role in Da Nang city`s development.

A representative of the Korea Export-Import Bank (Keximbank) in Hanoi pledged to support Da Nang in developing, planning, operating and managing its urban railway system.
 
Vice Chairman of the Da Nang People's Committee Nguyen Ngoc Tuan and Chief Representative of Keximbank Park Jong Kyu at the meeting
Vice Chairman of the Da Nang People's Committee Nguyen Ngoc Tuan and Chief Representative of Keximbank Park Jong Kyu at the meeting
Vice Chairman of the Da Nang People's Committee Nguyen Ngoc Tuan chaired the meeting with Mr. Park Jong Kyu, chief representative of Keximbank in Hanoi on July 13.

At the meeting, they discussed the proposal for the project of "Technical assistance in developing, planning, operating and managing the urban railway system for Da Nang".

The Da Nang People's Committee has proposed the Ministry of Planning and Investment and Keximbank Bank put the project on the list of the South Korean government’s grant aid for the period of 2018-2020, said Park Jong Kyu.

The project is part of South Korea’s Knowledge Sharing Program (KSP), which is funded by the South Korean government for joint research and knowledge sharing in the field of public transport. 

Park Jong Kyu pledged that Keximbank will do its best to provide the most complete research to recommend to Da Nang City on public transport planning in general, as well as urban railway planning in particular.

According to Park Jong Kyu, through the KSP, Keximbank wants to contribute to the realization of Da Nang's development planning, not only by research but also by technical assistance to implement specific projects.

Park Jong Kyu proposed Da Nang to propose some key projects to call for investment, so that Keximbank continues to seek ODA for these projects.

Vice Chairman of Da Nang People's Committee Nguyen Ngoc Tuan said that the KSP as well as the project of "Technical assistance on developing, planning, operating and managing the urban railway system for Da Nang" plays a significant role in the city. The reason is that Da Nang is adjusting the master plan for building the city by 2030, with vision to 2045, which will adjust the planning of transport system in the city.

Recognizing the active support of Keximbank, Nguyen Ngoc Tuan proposed a number of key projects in which the city is calling for investment in the coming time such as building the underground transport system, a project that connects Da Nang with Hoi An via large public transportation system, Da Nang - Hue railway service upgrading project.