Vu Ha, deputy director of the Hanoi Department of Transport, said that over past years, Hanoi has constructed Nhat Tan Bridge and expressways linking Hanoi and Lao Cai, Thai Nguyen, Haiphong and Hoa Binh.
Hanoi spends USD304.34 million on road investment
Ha added that the city uses roughly VND7 trillion of the annual budget on building and upgrading roads, including VND2.5 trillion for suburban areas.
Hanoi’s planned road density is 4-6.5 km per square metre, but the current level is 1.7 km per square metre.
At present, the city’s budget only meets 20% of road project demand, while the remainder is from official development assistance (ODA) and public-private partnership (PPP) sources.
“The capital shortage is one of the causes of slow transport infrastructure projects in Hanoi,” Ha added.
To improve the situation, the city will hold land auctions, have mechanisms to speed up site clearance and simplify administrative procedures in order to create more favourable conditions for project implementation.
