Nearly $13 bln needed to improve Hanoi’s infrastructure
Published: 20/04/2011 05:00
Hanoi needs nearly VND260 trillion (US$12.9 billion) to deal with its traffic congestion within the next five years, according to the local transport department’s proposal submitted to authorities Tuesday.  Under the proposal, the money will be spent on building beltways and urban thoroughfares, local news website VnExpress reported.  Around 40 parking lots are planned across the capital, while current sites will be improved and expanded, according to the department’s proposal.  Nguyen Quoc Hung, director of the Department of Transport, said the funds will be raised from various sources including state budget and auctions of land rights.  However, at a recent municipal meeting many officials voiced their concerns over the huge investment, VnExpress reported.  Tran Duc Vu, vice director of the Department of Planning and Investment, said the city will only be able to raise half the funds, and suggested that it should make use of land resources to gain more capital.  A representative from the Hanoi Institute of Planning and Construction warned that without investment focus, many projects will not be completed within the projected five years. The representative added that it is impossible to build so many parking lots given the shortage of land.  Nguyen Van Khoi, vice chairman of Hanoi’s People’s Committee still agreed with the plan, asking for more parking lots on certain beltways, according to the VnExpress. Source: Thanh Nien |
Provide by Vietnam Travel
Nearly $13 bln needed to improve Hanoi’s infrastructure - Social - News | vietnam travel company
You can see more
- Belarusian Culture Days set for May 23-29 in Hanoi
- Plan for Dong Van geopark development approved
- Beginning first river bus route in Ho Chi Minh City in June
- Vietnam set to become a MICE ‘tiger’ of Southeast Asia
- Many students in Japan are in danger after snowslide
- Automated street parking piloted in Hanoi
- USAID supports Vietnam to fight wildlife smuggling
- Summer camp for overseas Vietnamese youth
enews & updates
Sign up to receive breaking news as well as receive other site updates!
- Hanoi ranked top 3 cuisine in the world in 2023
- Beautiful resorts for a weekend escape close to Hanoi
- Travel trends in 2023
- In the spring, Moc Chau is covered in plum blossoms.
- The Most Wonderful Destinations In Sapa
- Top 3 Special festivals in Vietnam during Tet holiday - 2023
- 5 tourist hotspots expected to see a spike in visitors during Lunar New Year 2023
- How To Make Kitchen Cleaned
- Health benefits of lime
- Cooperation expanding between Havard University and Vietnamese universities
-
vietnam travel
http://www.vietnamtourism.org.vn " Vietnam Tourism: Vietnam Travel Guide, Culture, Travel, Entertainment, Guide, News, and...
-
Vietnam culture, culture travel
http://travel.org.vn " Vietnam culture
-
Vietnam travel, vietnam travel news, vietnam in photos
http://www.nccorp.vn " Vietnam travel, vietnam travel news, vietnam in photos
-
Vietnam tourism
http://www.vietnamtourism.org.vn " The official online information on culture, travel, entertainment, and including facts, maps,...
-
Vietnam Travel and Tourism
http://www.vietnamtourism.org.vn/ " Vietnam Travel, Entertainment, People, Agents, Company, Vietnam Tourism information.
-
Information travel online
http://www.travellive.org "Information travel online