Hanoi to build Vietnam's most expensive road

Hanoi to build Vietnam's most expensive road

Every meter of section of Ring Road No. 1 to cost $1.5 million.

Hoa Binh - Son La Road to become expressway

Vietnam-China border road opens

 Rocky road

photo: vneconomy.vn

by Ngoc Lan

Released at: 16:17, 31/12/2017

Deputy Prime Minister Trinh Dinh Dung has recently signed a decision approving investment in the construction of a section of Ring Road No. 1 from Hoang Cau to Voi Phuc Streets in Hanoi, with total capital of nearly VND7.8 trillion ($346 million) to come from Hanoi's budget and other sources.

Site clearance and resettlement costs require VND6.4 trillion ($284.4 million), with more than 2,000 households affected.

On average, every one meter of the road needs investment of up to VND3.5 billion ($1.5 million), making it the most expensive in Vietnam to date.

The new route runs parallel to De La Thanh Street and has a total length of 2.274 km. The project will use nearly 160,000 sq m of land, including 83,000 sq m of residential land, 16,000 sq m of institutional land, and nearly 54,000 sq m of space on existing roads.

edited by kcontents

It has two overpasses, on Giang Vo - Lang Ha and Nguyen Chi Thanh Streets.

Construction will include parking lots, green spaces, technical infrastructure, landscapes, and sidewalks, and is expected to be completed in 2020.

Ring Road No. 1 is being built as part of efforts to ease Hanoi’s traffic congestion.

http://vneconomictimes.com/article/property/hanoi-to-build-vietnam-s-most-expensive-road

kcontents

.