TOD development when there is metro

Dong Nai is studying the implementation plan of the Metro Line 1 connecting Metro Ben Thanh - Suoi Tien. Photo: Document

Along with researching the project investment plan, the province also focuses on planning to develop the TOD urban model (Transit Oriented Development, an urban development model associated with public transport) when this metro line is available.

Create reinvestment capital

In early March, the Provincial People's Committee worked with relevant agencies and consultants to hear reports on the route plan of the metro line connecting Suoi Tien (Thu Duc City, Ho Chi Minh City) to Dong Nai.

According to the proposed plan, the total length of this metro line is nearly 21km, including 13 stations (including station S0) and 1 depot with an area of ​​over 23 hectares. In which, the starting point of the line is connected from behind Suoi Tien Bus Station of Ho Chi Minh City Metro Line 1, the end point of the line ends at the depot expected to be in Ho Nai 3 commune, Trang Bom district.

According to TEDI South representative, Ho Chi Minh City is expected to earn about 5 billion USD from developing TOD model through metro lines in the area.

Of which, the section from station S0 to the depot in Ho Nai 3 commune has a length of nearly 19km. Regarding the route plan, the consulting unit proposed options for elevated and underground routes in the province. According to the consulting unit, preliminary calculations show that to implement this project, the total investment capital is expected to be about 30 trillion VND.

To accelerate the project's progress, Vice Chairman of the Provincial People's Committee Ho Van Ha assigned the Department of Construction to propose the establishment of a working group to develop an Investment Project for the metro line connecting with metro line No. 1. In particular, it proposes specific mechanisms to recommend support from central agencies to implement this project in the fastest, most economical and most effective way. At the same time, it is necessary to put this project on the list of top priority projects for early implementation.

Early planning is needed to increase TOD efficiency.

Along with studying the investment plan for metro line connecting metro line No. 1, the authorities have proposed plans to develop the TOD urban model when forming a metro line in the province.

The TOD urban model associated with the metro system is being applied by many countries.

According to the assessment, the advantage of developing urban railways according to the TOD model is to maximize the added value of land to offset the investment capital for urban railways. Maximize the passenger traffic using urban railways to help the public passenger transport business make a profit. At the same time, increase the convenient, comfortable and safe access of passengers from TOD-style urban spaces to urban railway stations and vice versa, contributing to improving local environmental and social conditions.

Chairman of Bien Hoa City People's Committee Nguyen Phong An said that TOD development needs to be calculated to be able to regenerate revenue to reinvest in developing the metro system. "With metro line connecting metro line No. 1 when passing through the Vung Tau intersection, along both sides of the line there is a high population density, while Trang Bom district still has vacant land suitable for planning to develop TOD" - Mr. Nguyen Phong An said.

According to a representative of Southern Transport Design Consulting Joint Stock Company (TEDI South, the consulting unit), the TOD urban model associated with the metro system is being focused on by Hanoi and Ho Chi Minh City. However, in reality, TOD will not be able to generate revenue immediately but can only attract investment and generate revenue after the metro project is formed. "At that time, the area around the stations will attract investors to develop TOD, from which, revenue from TOD can be generated, not from the beginning" - a representative of TEDI South shared.

Based on that reality, TEDI South representative said that to develop TOD effectively, there must be early planning for areas that will develop TOD. Land use value must be increased, planning to retain land for TOD development must be done to maximize the effectiveness of the TOD model.

Pham Tung

Source: https://baodongnai.com.vn/dong-nai-cuoi-tuan/202504/phat-trien-tod-khi-co-metro-b8c30a9/