Hanoi halves budget for infrastructure plan to $7 bln

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Báo Thanh Niên English - 40 month(s) ago 9 readings

Hanoi on Saturday lowered its budget for a five-year infrastructure development plan to US$7 billion, after the city received criticism over the $13-billion investment plan, VnExpress reported.

Most of the money will be put into highways and railways inside the city, with $5 billion expected to link towns to Hanoi center in order to reduce population density.

The plan will add more means of public transport and build several projects for emergency transport.

It envisions land allocated for transport to increase by 9 percent, and the number of public bus travelers to reach 777 million in 2015.

Earlier in April, Hanoi Department of Transport submitted a plan to develop the city infrastructure, focusing on reducing traffic congestion by 2015.

The original proposal price tag totaled $13 billion, and critics expressed concerns over the funding, implementation and scale of the project.

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