Hanoi accelerates key transport projects
The completion of major transport projects would lay the foundation for Hanoi’s socio-economic development.
The completion of major transport projects would lay the foundation for Hanoi’s socio-economic development.
Hanoi aims to end the year with a high disbursement rate of public funds, seen as a critical task for overall socio-economic development efforts.
The capital city aims to disburse 90% of the total public funds of VND51.58 trillion (US$2.07 billion) allocated for the year.
Hanoi's authorities expect to complete the delimitation of the project area before November 15, paving the way for the site clearance.
Strong economic recovery has sparked bright sentiment among the business community toward the remainder of the year.
Hanoi would need at least 741 hectares of clear sites for the project, covering areas in seven districts.
The construction of the runway and passenger terminal should start in the 2024-2025 period.
The port is expected to handle the North’s transportation demand and help reduce logistics costs and pollution.