Vietnam capital approves $10.8 mln for 450-meter road

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Authorities in Hanoi have approved a new 450-meter road project set to cost VND225 billion (US$10.8 million), VnExpress reported Saturday.

According to the news website, more than half of the planned investment, nearly VND150 billion, will be paid in compensation to 219 families currently living on land that needs to be cleared between Tran Phu and Kim Ma streets.

The report quoted the Hanoi Department of Transport as saying that 11,750 square meters of land will be cleared for the project.

Nguyen The Thao, chairman of the Hanoi People's Committee, ordered that the project begin this October and finish next year, it said.

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