In the first phase of the project, 1,000 bicycles, including about500 electric-bicycles, will be placed at 70-80 bike rental spots in thedistricts of Ba Dinh, Tay Ho, Dong Da and Thanh Xuan and near stationson the Cat Linh–Ha Dong metro line.
Following HCM City's model, the project is expected to roll out this year.
In the second phase, which will be run between 2023 and 2024, 3,000 morebicycles will be placed at 350 spots.
Tri Nam Group, the investor in the project, said the project is estimated tocost 26 billion VND (1.14 million USD).
The rental price for an electric bike is about 20,000 VND per hour, or 200,000VND a day. The investor has not yet given the expected price for rentingregular bicycles.
Tri Nam Group has proposed city authorities set up charging stations at bikerental spots to serve users better.
The investor has also deployed a public bicycle rental service in HCM Citysince last December./.