Revised traffic development plan for Hanoi, Vietnam to cost US$462.52mn
A new flyover and express bus routes are among revisions to a new traffic development plan for Hanoi City, Vietnam set to cost US$462.52 million (VND9.66tn). The revised plan has been put forward by The People's Committee of Hanoi City.
March 4, 2013
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A new flyover and express bus routes are among revisions to a new traffic development plan for Hanoi City, Vietnam set to cost US$462.52 million (VND9.66tn). The revised plan has been put forward by The People's Committee of Hanoi City.
The authorities in Hanoi are putting forward a novel if potentially costly solution to tackling the city's chronic traffic congestion problem. The Vietnamese city is known for its jammed road system and Hanoi Transport Department is proposing building elevated roads.
The Vietnamese capital of Hanoi is looking to build 18 bridges and upgrade several city roads into major urban thoroughfares, according the latest transportation development plan.
The People's Committee of Hanoi - the city authority – drafted the US$55 billion plan that focuses on all transportation development from now up to 2030.
Contract types under consideration include build-own-operate (BOO), public private partnership (PPP), build-operate-transfer (BOT) and build-transfer, according to a report
