Close-up look at the 'most expensive streets on the planet' in Hanoi

05/22/2024 | 17:21

TPO - Over the past years, Hanoi has built roads worth billions of dong per meter to reduce traffic congestion.

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Located on the Capital's Ring Road 1, Tran Khat Chan Street, from O Dong Mac to Nguyen Khoi with a length of 570m, is one of the most expensive streets in Hanoi.

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Tran Khat Chan Street project has an investment of 1,139 billion VND, on average each meter "eats" about 2 billion VND.

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The route was completed and put into use in July 2016.

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The route has 8 lanes, 50m wide, with two overpasses at the intersections with Hue Street and Lo Duc Street.

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The route is often congested during rush hour.

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Also located on Ring Road 1, Kim Lien - Xa Dan road is equally expensive with a total investment of 773 billion VND.

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This route is 550m long, with an average cost of about 1.41 billion VND/m.

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The completed route with 10 lanes and a width of about 45m was put into use in 2008.

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The route was known as the most expensive in Hanoi at that time.

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Connecting Kim Lien - Xa Dan route is O Cho Dua street, also one of the "most expensive streets on the planet" in Hanoi with a total investment of up to 800 billion VND, of which 2/3 of the money is used for site clearance.

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The route is 547m long, costing an average of 1.46 billion VND per meter.

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Road with cross section over 80m, each side of the road has 4 lanes.

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Completed and put into use since 2015, Nguyen Van Huyen Street (Cau Giay) is equally expensive with a total investment of more than 969 billion VND, and site clearance costs of about 680 billion VND.

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With a length of about 566m, each meter costs about 1.71 billion VND on average.

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Nguyen Van Huyen route has 8 lanes, stretching from Cau Giay intersection to Nguyen Khanh Toan intersection.

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The street put into use reduces traffic load for Cau Giay, Nguyen Khanh Toan, Hoang Quoc Viet streets...

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Equally expensive, located on Ring Road 2, Truong Chinh Street will be expanded from October 2023 with a total investment of VND 2,560 billion.

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The route is about 2.2km long, with each meter costing an average of 1.17 billion VND.

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Although it has been expanded to 10 lanes and has an elevated road for cars, the route is still often congested during rush hour.

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The Ring Road 1 project, Hoang Cau - Voi Phuc section, is over 2.2 km long with a total investment of over 7,200 billion VND.

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The project costs 3.27 billion VND per meter. Due to land clearance problems, the project cannot be completed.

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Recently, the Hanoi Department of Transport has submitted a report to the Hanoi People's Committee proposing investment policies and pre-feasibility studies for a number of important transport projects in the city. Among them, there is the Ring Road 2 project, Nga Tu So - Cau Giay section (Lang Road). Currently, the width of each side of Lang Road is 10.5m. After renovation, Lang Road will be 53.5m wide, with a design speed of 80 km/h and will be the main urban axis.