Ho Chi Minh City authorities are mulling over a plan to set up an intelligent transport system at an estimated cost of around $300 million in 2020, news website Saigon Times Online reported Thursday.
It would help reduce congestion, accidents and pollution in a city of around 7.45 million personal vehicles, it quoted the Department of Transport as saying.
The project could be funded by official development assistance loans and private investment, according to the department.
Since an intelligent transport system can refer to the use of any advanced technology that helps manage traffic and inform vehicle users better, the department said it would work with local scientists, IT firms and other experts to choose a system suitable for the city.
The city needs VND124.2 trillion ($6.27 billion) for transportation works over the next five years, a three-fold increase over 2011-15.
The city can only manage around 44 percent of the amount, while the rest would have to be raised from private investors, the Government and loans.