Hanoi Spent More Than $10,434,780 Making 1,14KM Ring Road 3,5 Through Hoai Duc

Ha Noi City People’s Committee has just issued a decision approving the construction drawing design, estimation of the construction of a 3.5 ring road (Km1 + 700 to Km2 + 050; Km2 + 550 to Km3 + 340), Hoai Duc district.

According to the decision, the scale of investment to build Ring Road 3.5 (Km1 + 700 to Km2 + 050, Km2 + 550 to Km3 + 340) in Hoai Duc district according to the main trunk road standards urban with a cross-sectional dimension of 60m. The total length of the route is about 1.14km.

The estimated value of construction work more than $ 10,504,340; municipal budget of $ 3.913.000; The remainder from the recurring funds under the previous mechanism the investors were deducted from the land use fee payable combined with revenue from land auctions in Hoai Duc district. Time of the project in the period 2016 – 2019.

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The People’s Committee of Ho Chi Minh City assigns Hoai Duc District People’s Committee to be responsible to the City People’s Committee, before the law for the accuracy (amount and funding) and legality of information, data, documents, and documents submitted for approval.

You can read more information at Vietnam Real Estate Law

At the same time, to focus on directing, urging and supervising closely contractors to ensure the timely completion, quality, and technical work. To well organize construction measures and ensure labor safety and traffic safety for people and means in the course of work construction, have an environmental protection plan that does not affect the people’s lives in the project area. To manage and use investment capital in an efficient and thrifty manner so as to avoid losses and waste of investment capital; Carrying out payment and settlement in accordance with the provisions of law.

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