Hanoi People’s Council decided to ratify a $14 billion constructing plan of a new road from Tam Trinh to Minh Khai – Vinh Tuy – Yen Duyen intersection.
The road will be in process from 2015 to 2017 with 700m in length and 30m in width. This construction will connect other traffic routes comprehensively in plan; enhance the traffic capacity for the whole area.
The land clearance, compensation and resettlement support expense will be funded by City’s budget. South Hanoi Urban Development Joint-stock Company (A member of Vingroup) will finance the preparation and construction process with non-refund investment.