Hanoi to build 13 resettlement areas for Ring Road No.4 project

Feb 22nd at 07:24
22-02-2023 07:24:50+07:00

Hanoi to build 13 resettlement areas for Ring Road No.4 project

The city expects to complete the construction of the resettlement areas in 2024, with a total investment capital of VND13.36 trillion (US$563 million).

Hanoi plans to build 13 resettlement areas for affected households under the Ring Road No.4 project with total investment capital of VND13.36 trillion (US$563 million) financed by central and local budgets.

Hanoi's leaders inspect the site clearance process under the Ring Road No.4 project in Ha Dong District. Photo: The Hanoi Times

The move was revealed in a decision signed by the Chairman of the Hanoi People’s Committee, Tran Sy Thanh, regarding the compensation, support, and resettlement under the Ring Road No.4 project.

The project involves land requisition, compensation, support, and resettlement in seven districts, namely Ha Dong, Soc Son, Me Linh, Dan Phuong, Hoai Duc, Thanh Oai, and Thuong Tin.

The total land area to be requisitioned for the construction of Ring Road No. 4 is approximately 812.07 ha, and the construction of 13 resettlement areas will need 39.28 ha in five districts of Me Linh, Dan Phuong, Hoai Duc, Thanh Oai, and Thuong Tin.

A key part of the project involves the construction of 13 resettlement areas in five districts of Hanoi, specifically three projects in Van Khe, Dai Thinh, and Chu Phan communes of Me Linh district; two in Duc Thuong and Dong La communes in Hoai Duc district; two in Cu Khe and Tam Hung communes of Thanh Oai district; and four in Khanh Ha, Van Binh, Hong Van, and Van Tao communes of Thuong Tin district.

The investment project for the construction of Ring Road 4 in the Hanoi Capital Region, covering 1,341 hectares and spanning a total length of 112.8 kilometers, will pass through Hanoi (58.2 kilometers), Hung Yen (19.3 kilometers) and Bac Ninh (25.6 kilometers). It will run from the Noi Bai - Lao Cai highway in Soc Son District to the Noi Bai - Ha Long highway in Que Vo District, Bac Ninh.

The project, with a total cost of VND86 trillion (US$3.64 billion), is divided into seven components, including three for compensation and support for households affected by the project, three for building urban roads as part of the Ring Road (financed through public funds), and one for constructing an expressway through a public-private partnership (PPP) mechanism.

Completing Ring Road 4 is expected to improve connectivity between Hanoi and neighboring provinces in the capital area, thereby boosting socio-economic development in the northern region. The capital city serves as the main driving force for growth.

Hanoi Times





RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Identifying genuine hotspots

Transport infrastructure with regional connectivity will be accelerated in 2023, which is expected to boost the coastal real estate market and open breakthrough...

Sustainability a dynamic driving force for the market

With short-term investment and speculation in the real estate market slowing down and replaced by real demand, sustainability is gradually becoming the key to...

A bold and fresh direction for resort projects

After a couple of years of stagnation, investors are channelling financial flows into grandiose resort projects in anticipation of the market’s revival.

Utilising shophouses for asset stockpiles

Shophouses and other defensive solutions with a high safety factor continue to be the generators of cash flow.

The newest investment destinations

New investment destinations are arising in the northern industrial real estate market, as they are strongly appealing to investors by adding more supply to make up...

Room for industrial real estate development remains high due to short supply

The industrial real estate sector has good prospects in 2023 due to short supply, a shift in the supply chain to Vietnam and its favourable investment policies...

Pumping money into property firms – an unnecessary move: Economist Dinh The Hien

Amid the difficulties in the property sector, financial and economic specialists suggest that stimulus package for the sector is unnecessary.

Real estate prices must drive the market forward: PM

Solutions for the market should follow the law of supply and demand.

VN to focus on promoting housing development for low-income earners to tackle supply crunch

The Government will create a project on housing development, especially for low-income earners, to tackle the supply crunch in the real estate market.

The rise of healthy living

Besides the three golden criteria of “near the market, near the river, near the road” when it comes to buying a house, today’s homebuyers are paying more attention...

Real estate stocks

Construction stocks


MOST READ


Back To Top