Hanoi approves investment plans for two mega-projects worth 925,651 billion and 855,000 billion VND.

A partial perspective view of the Red River Landscape Boulevard proposed by the investor. Photo: Design unit.

On December 13th, the Executive Committee of the Hanoi City Party Committee, 18th term, held its third meeting (special meeting) to consider and give opinions on two issues: the investment policy for the construction project of the Olympic Sports Urban Area in the south of Hanoi and the investment project for the construction of the Red River Landscape Boulevard.

According to Duong Duc Tuan, Standing Vice Chairman of the Hanoi People's Committee, the Olympic Sports Urban Area will be developed into a modern, integrated urban-sports complex, fully equipped for Hanoi to host major regional and international sporting events, such as the Asian Games (ASIAD) and the Olympic Games.

The project simultaneously contributes to connecting technical and social infrastructure, creating a modern architectural and landscape space for the southern area of the city. The project is expected to be implemented in 12 communes in the southern area of Hanoi, with a total area of approximately 9,171 hectares, divided into 4 main functional zones (A, B, C, D).

Within this plan, the zones are oriented towards developing sports cities and service cities associated with a sports complex and international-standard stadium, forming a large-scale sports and service center for the capital city.

The preliminary total investment for the project is approximately VND 925,651 billion, with an estimated population of around 751,000 people. The planned timeline is to complete the sports complex and stadium by Q2/2030 and the entire project by 2035.

Permanent Vice Chairman of the Hanoi People's Committee Duong Duc Tuan presented reports on the policy for implementing the investment project to build the Olympic Sports Urban Area in the South of Hanoi and the investment project to build the Red River Landscape Boulevard. Photo: Viet Thanh

Permanent Vice Chairman of Hanoi People's Committee Duong Duc Tuan presents reports on the policy for implementing two projects. Photo: Viet Thanh

Regarding the Red River Landscape Boulevard project, Mr. Duong Duc Tuan stated that this is one of the large-scale projects with particularly significant importance for the urban spatial development, infrastructure, and landscape orientation of the Capital in the new phase.

The project aims to complete the transportation infrastructure along the Red River, while simultaneously creating a modern and sustainable urban and landscape space along both banks, contributing to improving the living environment, enhancing the quality of the central urban area, and creating new economic growth drivers for the capital city.

The project is expected to create a "Red River Miracle," strongly promoting urban development, services, and infrastructure in the riverside areas.

According to the proposal, the project covers an area of approximately 11,000 hectares, stretching from Hong Ha Bridge to Me So Bridge, passing through 19 communes and wards of Hanoi. The main components include an approximately 80km long main traffic boulevard, a system of landscaped parks and recreational areas covering approximately 3,300 hectares, and a land clearance area for urban redevelopment of approximately 2,100 hectares.

The project is organized into several sub-projects on the left and right banks of the Red River, an underground metro line, and a resettlement urban area. The preliminary total investment is approximately 855,000 billion VND, with completion expected in 2030.

After discussion, the City Party Committee's Executive Board approved a Resolution on the investment policy for the construction of the Olympic Sports Urban Area in the South of Hanoi and the construction of the Red River Landscape Boulevard.

Politburo member and Hanoi Party Secretary Nguyen Duy Ngoc emphasized that these two projects are of đặc biệt importance, contributing to the development of the capital city, the Red River Delta region, and the entire country, aiming to create a "Red River Miracle"; serving the goal of achieving a GRDP growth rate of 11% or more in 2026 and throughout the 2026-2030 term; and creating a new image for Hanoi as a "Cultural - Identity - Creative" metropolis, transforming into a creative, green, smart, and globally connected metropolis.

Source: https://laodong.vn/xa-hoi/ha-noi-thong-qua-chu-truong-dau-tu-2-sieu-du-an-925651-ti-va-855000-ti-dong-1624722.ldo