Hanoi Needs US$6.25 Bln for Road Development by 2020

<div align="justify">Hanoi is estimated to require a huge capital of VND100 trillion ( US$6.25 billion) to develop its road network from now to 2020 under a plan recently approved by the prime minister. </div> <div align="justify"> </div> <div align="justify">Half of the sum will be pumped into three belt roads which will be built from now to 2015. </div> <div align="justify"> </div> <div align="justify">The 43-kilometer belt road No. 2 running from Buoi, Nhat Tan, Vinh Ngoc, Cau Chui, Vinh Tuy and Minh Khai will cost VND15 trillion and the road No. 3 linking Bac Thang Long, Thanh Xuan, Phap Van, Thanh Tri and Nam Hong will need VND10.9 trillion. </div> <div align="justify"> </div> <div align="justify">Meanwhile, some VND27 trillion will be poured into the belt road No. 4 with unidentified directions. </div> <div align="justify"> </div> <div align="justify">Additionally, the city will sp up to VND27 trillion to upgrade 30 main routes in the seven years to come and invest VND17.4 trillion to build new streets and facilitate existing ones. </div> <div align="justify"> </div> <div align="justify">It will also inject over VND5 trillion to upgrade many traffic knots such as Buoi, Cau Giay to ease the warning traffic jam which is happening at around 100 knots and is likely to sharply increase in the coming time. </div> <div align="justify"> </div> <div align="justify">The capital city now has 955 kilometers of road and 580 traffic knots. However, only several knots have overpasses. </div> <div align="justify"> </div> <div align="justify">Over the past five years, Hanoi only developed additional five to ten kilometers of new road annually. (Pioneer) </div>