Nhan Dan - Hanoi needs about US$10 billion to develop traffic infrastructure in the next five years from 2011 - 2015, said Director of the Hanoi Department of Transport Nguyen Quoc Hung on February 21.
The capital will be raised from Official Development Assistance (ODA), bond issuance and through build-transfer (BT), build-operate-transfer (BOT), and other financing models.
The city will focus on key traffic projects, with priorities given to completing Belt Roads 2, 3, and 4, and widening and improving highways including Highway 3; Highway 1A from Van Dien to Cau Gie; Highway 6 from Ba La to Xuan Mai; Highway 2 from Phu Lo to Bac Thang Long; and the road from West Thang Long to Hoang Quoc Viet.
The city will also invest in improving major inner city routes such as: Cho Dua Gate - Voi Phuc - Dong Mac Gate - Nguyen Khoai; Cat Linh - La Thanh - Thai Ha; Van Cao - West Lake; Nui Truc - Son Tay; and the Vietnam Museum of Ethnology - Phu Do - Yen Hoa.
In addition, the Hanoi Department of Transport announced plans to open new routes including Ton That Tung - Belt Road 3 - Belt Road 3.5; Le Trong Tan road (Ha Dong); Linh Nam - Kim Dong - Nguyen Trai - Xuan Thuy - Xuan Dinh; Nguyen Tam Trinh - Kim Nguu; Huynh Thuc Khang - Lang; and Yen Vien - Ngo Gia Tu.
Other roads in the suburbs will be upgraded including Road 23; Road 21; Road 70; Road 80 from Phuc Tho to Phu Xuyen; Phap Van - Cau Gie; Mieu Mon - Huong Son; and Do Xa - Quan Son.
The Transport Department will also upgrade other highways and inner city roads and repair and build nine bridges.
The city plans to work out measures to deal more effectively with traffic jams and invest more in public transportation services.