A 2.2km stretch of Hoang Cau - Voi Phuc road in the capital city has become the most expensive one in the country so far, being built at a cost of 3.5 billion VND (152,200 USD) per metre (Photo: Google Map)Hanoi (VNA) - A 2.2km stretch of road in the capital city hasbecome the most expensive one in the country so far, being built at a cost of 3.5billion VND (152,000 USD) per metre.
The Government has approved an investment of nearly 7.8 trillion VND (339million USD) in constructing the Hoang Cau-Voi Phuc stretch of Belt Road 1 inHanoi.
The 50m wide, 2.2km stretch from the Cat Linh-La Thanh-Yen Lang crossroads toVoi Phuc crossroads will have construction area of more than 150,000sq.m,including two flyovers: one crossing the Hoang Cau-Voi Phuc and Giang Vo-Lang Hacrossroads, and the other crossing the Hoang Cau - Voi Phuc and Nguyen ChiThanh intersection.
The construction cost, nearly 7.8 trillion VND, will be sourced from the city’sbudget and from other sources.
The project is scheduled to be implemented over a four-year (2017-20) period.
The average investment of 3.5 billion VND (152,200 USD) per metre, includingcompensation for displaced residents, makes the Hoang Cau–Voi Phuc road themost expensive road in Vietnam to date.
This is over three times higher than the Kim Lien - O Cho Dua section (morethan 1.1 billion VND per metre) and over twice than the O Cho Dua-Hoang Causection (1.4 billion VND per metre). These two sections also belong to the BeltRoad No.1 project.
Deputy Prime Minister Trinh Dinh Dung has ordered that parking lots andpavements must be constructed with the road and trees planted.
The Hoang Cau-Voi Phuc road will complete construction of Belt Road No.1, andis expected to help reduce traffic congestion.
The Government has asked Hanoi’s authorities to work with relevant agencies tostudy the project’s feasibility and submit a report.
The Ministry of Planning and Investment, Ministry of Finance and Hanoi’sPeople’s Committee will be responsible for reviewing and balancing the budgetto implement the project.
More than 2,000 houses affected by the road construction are on the landclearance list.
Belt Road 1 runs through Cau Giay, Tay Ho, Ba Dinh, Hoan Kiem, Hai Ba Trung andDong Da districts from the Nhat Tan Bridge through Nguyen Khoai, Tran KhatChan, Dai Co Viet, Xa Dan, La Thanh, Buoi and Lac Long Quan roads. It has ODong Mac and O Cau Den flyovers and Kim Liên underpass.
So far the expansion of Belt Road 1 on Nguyen Khoai, Tran Khat Chan, Dai CoViet, Xa Dan, O Cho Dua streets has been completed.-VNA
VNA
