The 2.2-kilometre-road project connecting Dong Da and Ba Dinh districts will be provided in funding USD339 million
The road is designed to be 2.2 kilometres with a total area of about 153,341 square metres including two flyovers.
The project will cost VND 7.7 trillion (USD339 million), which becomes the most expensive road built so far with a cost of nearly USD150,000 per metre.
The project will be carried out between 2017 - 2020 with USD80 million coming from the city budget and other sources of capital.
Around 2,044 households in Ba Dinh and Dong Da districts have contributed a total 160,000sq.m of land for the clearance.
In 2015, the city built the 500-metre O Cho Dua-Hoang Cau road route which was also part of the Belt Road 1 project for VND642 billion (USD28 million) which was the most expensive street at that time, totalling VND1.4 billion (USD62,000) per metre. The road route aims at easing traffic jams at the junction of Xa Dan and Kim Lien streets in Dong Da District.
