TPO – The Ring Road 1 project, Hoang Cau – Voi Phuc section (phase 1) has a length of 2.3km, cross-section of 50m. This is considered the most expensive road on the planet but so far only 34.1% of the capital plan has been disbursed.
The Hanoi Statistics Office has just released information on the implementation status of a number of key traffic projects and works in the capital.
Accordingly, the Ring Road 4 Project - Capital Region is being actively implemented by localities, handing over the site for construction of the entire project. Up to this point, the total investment capital for the project is about 12,600 billion VND, the construction progress has reached 9.9% of the volume.
The Ring Road 1 project, Hoang Cau - Voi Phuc section (phase 1) has a length of 2.3km, cross-section of 50m. The starting point of the route intersects with Cat Linh - La Thanh - Yen Lang road at Hoang Cau (Dong Da district) and the end point is at Voi Phuc intersection (Ba Dinh district). The investment level of phase 1 of the project is more than 7,200 billion VND from the city budget, of which construction cost is 627 billion VND, site clearance cost is 5,800 billion VND. To date, the project has disbursed 34.1% of the capital plan.
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Beltway 1 project, Hoang Cau - Voi Phuc section |
The project to renovate and upgrade National Highway 6 from Ba La intersection (Ha Dong district) to Xuan Mai town (Chuong My district) is 21.7km long. This section will be upgraded to 4-6 lanes, designed speed of 80 km/h, roadbed width will be expanded to 50-60m, contributing to completing the radial axis connecting National Highway 21A, Ho Chi Minh road and Ring Road 4 - Capital Region. The total investment capital of the project is 8,100 billion VND from the city budget. To date, the project has disbursed 7.7% of the capital plan.
Thang Long Highway, the section connecting National Highway 21 to Hanoi - Hoa Binh Highway, is 6.7km long, with a cross-section of 120-180m. The total investment for the entire project is 5,200 billion VND. To date, the project has disbursed 7.7% of the capital plan.
Retail sales of goods reached over 43 trillion VND
The Hanoi Statistics Office added that in July 2024, the work of stabilizing prices of goods and consumer services, strengthening the connection between supply and demand of goods, ensuring food safety, and meeting people's needs continued to receive attention and direction from the city.
Total retail sales of goods and consumer services revenue in July is estimated at VND69.9 trillion, up 2.3% over the previous month and up 12.7% over the same period in 2023.
Of which, retail sales of goods reached VND43.3 trillion, up 2.4% over the previous month and up 12.9% over the same period in 2023; Similarly, hotel and restaurant revenue reached VND9.6 trillion, up 2.7% and 5.2%; tourism revenue reached VND2.5 trillion, up 1.3% and 39.1%; other service revenue reached VND14.5 trillion, up 1.6% and 13.9%.
In the first 7 months of 2024, total retail sales of goods and consumer service revenue reached VND 475.3 trillion, up 10.3% over the same period in 2023.
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