|Illustrative image. — VNA/VNS Photo|Viet Nam News
HÀ NỘI — The People’s Committee of Hà Nội will consider the construction project of the Belt Road No 1 at the Hoàng Cầu–Voi Phục intersection.
The project will have an investment capital of VNĐ 7.7 trillion (US$339 million).
As per the plan of the management board of investment for construction of civil and industrial architectural projects of Hà Nội, the construction will account for nearly VNĐ 1.8 trillion ($80 million) coming from the city budget and other capitals.
The total length of the road is designed to be 2,274m. Around 2,044 households have contributed a total 160,000sq.m of land for the clearance.
Earlier, the city allowed all vehicles travelling through the 550m of Belt Road No.1. The intersection from Kim Liên to Ô Chợ Dừa (Đống Đa District) has a total investment capital of VNĐ642 billion ($28 million) and is considered as the most expensive street totalling more than VNĐ1 billion ($44,000) per metre. — VNS