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Hanoi roads become more costly by the time

May 20, 2020 | 15:39

Hanoi’s roads are the most expensive in Vietnam and they are becoming increasingly costly, with prices in the billions of VND per metre.

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hanoi roads become more costly by the time
Hoang Cau-Voi Phuc Project (Photo: Vietnamnet)

In the past 10 years Hanoi has continually improved the traffic infrastructure by expanding or building new roads. However, the cost to build the roads in Hanoi has shot up.

hanoi roads become more costly by the time
Hoang Cau-Voi Phuc Project's each metre costs nearly VND3.5bn (USD150,000). (Photo: Vietnamnet)

Hoang Cau-Voi Phuc Project is the most expensive one yet as each metre costs nearly VND3.5bn (USD150,000). The street is 50 metres wide and runs in parallel with De La Thanh Street. Two overpasses have been planned for this street to connect with De La Thanh-Nguyen Chi Thanh and Giang Vo-Lang Ha intersections. However, the project is stagnant due to ground clearance problems.

hanoi roads become more costly by the time
O Dong Mac-Nguyen Khoai Project. (Photo: Vietnamnet)

O Dong Mac-Nguyen Khoai Project is in the second place as each metre costs VND2bn (USD85,000). The project was approved in 2005 and completed in 2016. It is 600 metres long and 50 metres wide.

hanoi roads become more costly by the time
Nguyen Van Huyen Street. (Photo: Vietnamnet)

In third place is Nguyen Van Huyen Street Project in Cau Giay District. Each metre costs VND1.94bn (USD82,000). It was completed in 2015, connecting with other streets in Cau Giay like Hoang Quoc Viet and Nguyen Khanh Toan to improve the traffic. It was praised for the lines of green trees along the street.

hanoi roads become more costly by the time
O Cho Dua Street. (Photo: Vietnamnet)

When O Cho Dua Street in Dong Da District was completed in 2014, it was the most expensive with each metre cost VND1.4bn (USD60,000). The 500-metre-long street has an investment of over VND800bn (USD 34 million). Two-thirds of the money was used in ground-clearance. Restaurants and fashion shops have since gathered on this street.

hanoi roads become more costly by the time
Xa Dan Street. (Photo: Vietnamnet)

On the last place is Xa Dan-Kim Lien Project. It was completed in 2010 with the compensation rate of VND1.16bn (USD49,000) per metre. It is 550 metres long, 50 metres wide with two lanes and an investment of VND600bn (USD 26 million).

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