During his recent reception for delegation of the Export–Import Bank of Korea, also commonly known as the Korea Eximbank (KEXIM), led by former Deputy Prime Minister Kwon O-Kyu, Da Nang People's Committee Vice Chairman Dang Viet Dung remarked that his city is maintaining its vigorous process of urbanisation amid the increasing urban density.

However, in the current context of its rapidly growing population, Da Nang is considering restructuring its transport network and developing new means of public transport such as tramcars and metros.

This solution, hereby, will enable Da Nang to solve many traffic problems, especially congestion during rush hours, and reduce the negative impact on the environment.

In the coming time, under a South Korean government-funded project on technical assistance for Da Nang in developing, planning, operating and managing its urban railway system, focus will be on reviewing the city’s transportation planning, sharing experience in developing urban railways, proposing adjustments to the local transport planning, and assisting the city’s government employees to enhance their consultancing skills.

Addressing the working session, former Deputy Prime Minister Kwon O-Kyu revealed that KEXIM has already selected 3 consultancy units for the Da Nang project, namely the Korea Transport Institute (KOTI), Yooshin Engineering Corporation and the Busan Transportation Corporation. These units show off rich experience in the design and operation of urban railway systems in South Korea and around the world.

In an attempt to start work on the project soon, in the coming time, it was suggest that Da Nang attach importance to ensuring counterpart capital for the project, and carefully preparing necessary documents which prove the great importance of the project so as to  enjoy the priority offered by the national government.

The implementation of the above-mentioned project is part of the Knowledge Sharing Program (KSP), in which South Korea shares its development experience and knowledge with its partner countries, as well as gives consultancy services on research works and technical assistance to them.

The project is amongst a list of categories receiving non-refundable aid from the South Korean government through KEXIM.