Tuesday, September 27 2016

VietNamNews

Hà Nội targets Red River growth

Update: June, 25/2016 - 06:00
The Government plans to develop Hà Nội and the greater Red River region more to create a modern urban area associated with finance, culture and trade. – Photo vov.vn
Viet Nam News

HÀ NỘI – The Hà Nội municipal People’s Committee has announced a detailed master plan for the Nhật Tân-Nội Bài route, also known as Võ Nguyên Giáp Road, with an aim of driving development in localities surrounding the Red River north of Hà Nội

The plan aims to effectively use the land along both sides of the route to create a modern urban area associated with finance, culture and trade, further developing Hà Nội and the greater Red River region.

Accordingly, the 11.1km route will run from Nội Bài International Airport to Nhật Tân Bridge and span an area of 1,810ha and 13 communes in Đông Anh and Sóc Sơn districts.

The route will require an estimated VNĐ33 trillion (roughly US$1.55 billion) for infrastructure construction and land clearance, which is expected to be completed by 2025.

A trade complex accommodating financial, commercial and banking centres, hostels, luxury hospitals, cultural establishments and residential areas, with a 108-storey tower as the main development, is expected to be built.

At the announcement ceremony on Thursday, Chairman of the municipal People’s Committee Nguyễn Đức Chung said the project, approved by the Prime Minister, is important to Hà Nội because it would help the city boost trade with its adjacent localities and the world at large via Nội Bài International Airport.

Chung said the approval and announcement of the planning scheme is an important step in concretising the Hà Nội capital construction master plan for 2030, with a vision towards 2050, and other construction plans for urban subdivisions and Sóc Sơn District. VNS

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