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Minister Tran Hong Ha: Building 4 bridges, land prices will increase exponentially

The location of the four bridges crosses the Red River

This is the statement made by the Minister of Natural Resources and Environment at the press conference of the third quarter.

Given the view that Hanoi is expected to implement the policy of exchanging land for infrastructure in the construction of four bridges crossing the Red River, Minister Tran Hong Ha said that when the country’s resources, the Government is difficult The mobilization of BT form will have more successful projects, people also benefit.

Minister of Natural Resources and Environment Tran Hong Ha
Minister of Natural Resources and Environment Tran Hong Ha

“The four bridges will create four new development zones, as in Da Nang before, there is no place to buy land but when the bridge finished, the land was raised up. For investors, people and the state, the story is in the strict control of the stage and time of land valuation, this is the right policy, because in Hanoi there will be 4 new bridges. Four new development zones and I believe that the land is increasing exponentially, “Ha said.

The location of the four bridges crosses the Red River
The location of the four bridges crosses the Red River

Investors registered to participate in the construction of four bridges spanning the Red River and the Duong River, including: T & T Group, Him Lam, Sun Group, Vingroup … Investors will invest in construction works. In return, the city will pay for the 836ha land fund.

This land is scattered in Dong Hoi, Xuan Canh, Mai Lam and Duc Tu communes (Dong Anh district); In Yen Thuong, Yen Vien, Duong Xa, Dong Du, Dinh Xuyen (Gia Lam district) and Long Bien and Cu Khoi communes (Long Bien district) …

According to investors, the above investors also owns large projects on the north bank of the Red River. Such as Vingroup with the National Exhibition Fair Center (scale of 300ha in Xuan Canh, Mai Lam and Dong Hoi Dong Anh district).

SunGroup, with the project of Kim Quy Park, located at the junction of Vo Nguyen Giap road and stretching road 5 in Dong Anh district with an area of ​​over 100 ha with a total investment of VND 4,600 billion in phase I.

Him Lam also owns 340ha of land in Gia Lam and Long Bien, after completion of Long Bien intersection project (completed in 2016).

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Minister Tran Hong Ha: Building 4 bridges, land prices will increase exponentially
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