Hanoi Public Investment

Efforts are under way to ensure that the project is up and running next month.

Drastic measures performed by municipal and local authorities have pushed the project's progress in January-July.

The city authorities will spend some US$484.2 million this year on public infrastructure projects.

In the first few months of 2024, although work on construction sites in Hanoi was affected by the Lunar New Year holiday, capital disbursed was still up significantly on the same period last year.

Disbursement progress in the year's first half was below expectations at 33.9% of the target.

The bridge construction project has been underway for 30 months.

The second airport is part of the city's plan to accommodate an increase in the total number of travelers in Hanoi to 150 million by 2050.

The following is the latest news about Hanoi in the week.

Effective disbursement of public funds is considered a critical political task for local authorities.

Local agencies and investors are required to prepare detailed disbursement plans and are fully accountable to the City for the results of their disbursement efforts.