Hanoi plans to construct the Red River Landscape Boulevard Axis with a total capital of VND855 trillion (nearly $32.5 billion), spanning 19 communes and wards.
The project covers an area of approximately 11,000 ha, featuring an 80km transport boulevard, a system of landscape parks and entertainment areas covering 3,300 ha, and 2,100 ha to be designated for site clearance to serve urban reconstruction.
According to Mr. Duong Duc Tuan, Permanent Vice Chairman of the Hanoi People's Committee, the project aims to develop and complete the transport infrastructure system, promote urban space development along both riverbanks, and create a modern, synchronized urban space on both sides of the Red River.
The project aligns with sustainable development orientations and contributes to improving the Capital's central urban area. It is also consistent with the directives of Party General Secretary To Lam given during working sessions between the Politburo and the Hanoi Party Committee, as well as the Politburo Resolutions.
On this basis, the City Appraisal Council, established under Decision No. 6137/QĐ-UBND by the Chairman of the City People's Committee, has organized the appraisal of the project proposal.
The Council has also issued an appraisal report to be submitted to the City People's Council for consideration of the investment policy. Simultaneously, the latter will also review the initial component sub-project, a park in Phu Thuong ward, in preparation for the groundbreaking ceremony scheduled for December 19, 2025.
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