The plan will now be submitted to the Office of the Government for final approval.
The overpass, which would be built by Vincom Joint Stock Company, isaimed at solving traffic congestion in the area, said Deputy MinisterNguyen Dinh Toan.
Toan said it had been included inHanoi 's General Construction Planning. It had also been approved bythe National Assessment Board and was awaiting prime ministerialapproval.
The ministry said construction would have tofollow regulations relating to the Law on Bidding as well as buildingplans covering Ring Road 2 running between the bridge and theintersection.
Chairman of Vincom management board Le KhacHiep said the company would start detailed planning after the projectwas given the green light.
Hiep said it had enough financial resources to undertake the work.
The road from Vinh Tuy Bridge to Nga Tu So Intersection hasbeen the scene of many traffic jams since its opening in September lastyear.
In March, the municipal Transport Departmentproposed building six flyovers costing a total of 32 trillion VND (1.6billion USD) to ease Hanoi 's traffic congestion.
Department director Nguyen Quoc Hung said all roads in the city had beenoverloaded while it was difficult to implement land clearances toenable new roads to go ahead.
Hung said flyovers would bebuilt at O Cho Dua-Voi Phuc on Ring Road 1, Vinh Tuy Bridge-Buoi on RingRoad 2, at Mai Dich-Thang Long Bridge, Hanoi Station-Xa Dan-Pham NgocThach-Road 70, Tran Duy Hung street-West Lake, Giang Vo street-ThanhXuan district.
Pham Huu Son, general director of TransportEngineering Design Incorporate (TEDI) said the flyovers could resolvetransport flow problems and that it would not cost much for landclearances.
However, the issue has drawn much concern fromspecialists who said that the construction could destroy the city'surban landscape.
Head of Hanoi Construction PlanningInstitute, La Thi Kim Ngan, agreed with the idea, but wondered aboutpreserving the Old Quarter.
Tran Vu Duc, deputy directorof the city's Planing and Investment Department said the constructionshould be built on roads that had been overloaded./.