Major infrastructure projects to give Hanoi a facelift
The projects are expected to reduce traffic congestion on highly transited roads in Hanoi's downtown.
The projects are expected to reduce traffic congestion on highly transited roads in Hanoi's downtown.
The municipal People’s Council has approved six out of 11 projects proposed by the Hanoi People’s Committee.
The disbursed amount of official development assistance (ODA) funds in Vietnam in the first nine months of 2020 stood at only VND26 trillion (US$1.12 billion), equivalent to 32.43% of the year’s estimate.
These major projects have become the capital city's main thoroughfares.
New major infrastructure projects would contribute to Hanoi’s socio-economic development.
Hanoi targets to disburse 100% of the target amount this year to aid the city’s economic development.
The two ring roads would connect Hanoi with near 10 other provinces.
The total investment capital of the expressway project has now been raised to VND100.81 trillion (US$4.32 billion), including VND78.46 trillion (US$3.36 billion) from the state budget.
Ring roads No.4 and 5 would help ensure greater connectivity between Hanoi and other localities.