The plan needs total capital of up to VND1,235,380 billion (nearly US$55.4 billion).
According to the plan, from now to 2030 Hanoi will develop a system of highways with 4-8 lanes linking Hanoi-Lang Son, Hanoi-Ho Chi Minh City, Hanoi - Thai Nguyen, Hanoi - Hai Phong, Hanoi - Ha Long, Hanoi – Hoa Binh, Tay Bac - Highway 5, Hanoi-Ho Chi Minh Highway, and turn Thang Long Boulevard and Phap Van – Cau Gie Highway into urban highways.
From now until 2030 Hanoi will also complete its belt roads and build 18 bridges crossing the rivers of Red, Duong, Day and Da.
The city will give priority to developing public transport systems, which aims to serve up to 50-55% of the travel demand in the inlying areas and 40% in the suburbs.
The plan also specifies that about 33,237 hectares of land will be devoted to traffic system development and the total funding needed for this plan is estimated at over US$55 billion.
The capital is expected to come from the state budget, ODA loans, and from private investors through transport projects in the forms of BT (build-transfer), BOT (build-operate-transfer), PPP (public private partnership), and BOO (build-own-operate).
The capital city of Hanoi was extended in accordance with Resolution No. 15/2008/NQ-QH12 on May 29, 2008 of the National Assembly with a total area of more than 3,344 sq.km. However, its transportation system has fallen short of requirements for urban development at present and for the future.
In late 2012, Hanoi submitted to the Ministry of Construction a Master Transport Plan for 2030, with a vision to 2050, and the master plan was approved by the prime minister on March 31, 2016.
Accordingly, the population of Hanoi is forecast to grow to 7.44 million by 2020, around 9.2 million by 2030, and 10.8 million by 2050. The plan sets a target to increase the public transit share to over 30-35% by 2020, 50% by 2030, and 70% after 2030.
Source: Vov