Tokyu, Becamex join hands to develop bus service

April 10, 2015

Tokyu president Koshimura Toshiaki talked about the project on Monday, according to Vietnam News Agency.

The project would be developed based on the 22-kilometer bus route linking Thu Dau Mot City and Binh Duong New City launched in December last year by Becamex Tokyu Bus Co. Ltd.

The subsidiary of Becamex Tokyu Co. Ltd., a joint venture between Binh Duong Province-based Becamex IDC Corp. and Japan’s Tokyu Group, is working toward the expansion of the environmentally friendly service to Binh Duong’s neighboring provinces.

Relevant parties are considering the possibility of expanding the Japan-style bus service to Suoi Tien Park in HCMC as part of the project worth some VND3.5 trillion. The bus route from Binh Duong New City to Suoi Tien is 30.8 kilometers.

Toshiaki said Tokyu is operating public transportation systems serving 2.9 million passengers a year in Japan in addition to its operations in real estate, urban development, retail, hotel and resort, information technology sectors.

Toshiaki said Tokyu has sufficient funding for projects in Binh Duong.

Tran Van Nam, chairman of Binh Duong Province, hailed the Kaze Shuttle bus service as it helps improve the quality of public transportation and public awareness of the future of modern transportation.

Nam said projects invested by Tokyu and other Japanese investors have contributed to urban development of Binh Duong. The provincial government pledged favorable conditions for Japanese investors to invest and do business in the province.

Japanese enterprises have invested in 225 projects with combined registered capital of around US$5 billion in the province.

Tokyu is currently involved in a US$1.2 billion-plus urban area development project comprising of homes, offices and entertainment facilities in Binh Duong New City.

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