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HCMC signs MoUs for electric bus rapid transit system, Vietnam [free access]

June 8, 2019

Engineering consultant DATAM Company has signed three memorandums of understanding (MoUs) for setting up a USD525 million electric BRT (bus rapid transit) system in Ho Chi Minh City (HCMC). Green Climate Fund is expected to fund the project.

 

DATAM has signed an MoU with Korea’s Trade-Investment Promotion Agency (KOTRA) and ALG Systems for LED streetlight technology for the research and development (R&D) of a pilot plan to operate electric BRT smart buses.

 

A second MoU has been signed between DATAM, National Space Science Council (NSSC), GBC Smart City Corporation, and ALG Systems for supporting research and technology transfer.

 

A third MoU has been signed between DATAM, the Vietnam News Agency, and GBC Smart City Corporation for communication to seek investment for the project.