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|Dang Viet Dung, Vice Chairman of Danang People's Committee, presented souvenirs to the representatives of TMF foundation|
The project was funded by the Toyota Mobility Foundation (TMF) with a total investment of more than $2.86 million under the grant agreement signed in June 2015 between Danang People's Committee and TMF.
The project, running from July 2015 to September 2019, aims to improve urban transportation through promoting a multi-modal transport mode for a more mobile society as well as enhancing the urban transport management for the sustainable development of Danang.
Along with this, the two main components of the project include the development of transit bus routes (TMF bus routes), connecting new residential areas east of the Han River with public utilities in the city centre and the development of the pilot model of on-road parking management system applying mobile payment technology.
|The project, running from July 2015 to September 2019, aims to improve urban transportation through promoting a multi-modal transport mode.|
Specifically, the model piloted on Bach Dang Street has applied advanced technologies on parking management such as time-based parking fee scheme, fee collection software, and seamless information for drivers to search a vacant place.
“We are grateful to the city for allowing us to successfully implement the project in this wonderful city and hope that the project has made effective contributions to the creative, hardworking and kind people of Danang, and also become a typical model in addressing needs all over Vietnam,” said Shin Aoyama, CEO and general secretary of TMF Foundation, at the ceremony.
Dang Viet Dung, Vice Chairman of Danang People's Committee, commented, “The project along with a pilot model of on-road parking management have contributed to the development of a multi-modal transport system and enhanced urban transport management, bringing practical benefits to Danang residents."
“Generally, the outcome of the Urban Transit Corridor Improvement project is considered sustainable and have a positive impact on the city's urban traffic management," he added.