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Hanoi to build Vietnam's most expensive road

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

Hanoi to build Vietnam's most expensive road

Photo: vneconomy.vn

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

by Ngoc Lan

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.

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.

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