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On the morning of June 22nd, the Hanoi People's Committee held a groundbreaking ceremony for the project. 5 urban railway lines and 3 rental housing projects in the area.
All five railway lines are being developed by the Vinhomes - VinSpeed consortium as the EPC general contractor, with a total length of approximately 303,5km and a preliminary total investment of about 1,3 trillion VND. Hanoi aims to essentially complete these lines by 2030.
The Prime Minister and delegates pressed the button to officially launch the project.
Five urban railway projects have commenced construction, including:
- Route No. 1: Thuong Tin - Tam Hung - Thuong Phuc - Dan Hoa - Railway Industrial Zone - Ngoc Hoi - Hanoi Station - Yen Vien - Thu Lam Multi-Purpose Urban Area - Noi Bai Airport;
- Route No. 2: Noi Bai Airport - Tran Hung Dao - Thuong Dinh - Thuong Tin - Tam Hung - Thuong Phuc - Dan Hoa
- Route 8: Hoa Lac - Son Dong - Mai Dich - Ring Road 3 - Linh Nam - Duong Xa;
- Route No. 10: Dong Anh - Vo Chi Cong - Ring Road 3 - Ring Road 2,5 - Times City - Dong Anh;
- Route No. 14: Thang Long Bridge - Hong Ha - Gia Lam.
The routes are planned according to the TOD model, closely integrating public transport development with urban development, forming new growth poles, and effectively utilizing land resources and urban space along the railway corridors.
The five newly launched railway lines are part of a planned development of a network of 18 urban railway lines with a total length of approximately 979 km. These lines serve as a framework infrastructure system, leading the development of urban space, promoting economic growth, and improving the quality of life for residents.
The five new urban railway lines have a preliminary total investment of approximately 1,3 trillion VND. (Illustrative image)
Alongside transportation projects, the city is also simultaneously launching three rental housing projects with over 8.000 apartments, with a total estimated investment of over 30.000 billion VND.
Located in Viet Hung, Long Bien, and Phap Van - Tu Hiep wards, these three projects are pioneers in Hanoi's rental housing development program, gradually forming a sustainable housing segment to meet the needs of workers, laborers, officials, civil servants, armed forces personnel, students, and other groups with genuine housing needs.
These three rental housing projects mark a significant shift in Hanoi's housing development thinking, moving from a model primarily focused on commercial housing development to one that simultaneously develops both commercial and rental housing.
This is the first step towards forming a large-scale rental housing market, contributing to ensuring people's access to housing, reducing pressure on home ownership, and creating a sustainable urban development model in line with the trends of many major cities around the world.
These three rental housing projects include plots A2, A3, and A4 in the Phap Van - Tu Hiep housing area (Yen So ward) with a scale of 1.176 apartments and a total investment of approximately 1.396 billion VND; and a portion of land belonging to the Hanoi Old Quarter relocation housing project in Viet Hung ward with a scale of 1.166 apartments and a total investment of approximately 3.563 billion VND.
In addition, Him Lam Joint Stock Company has proactively proposed adjusting the IT park project to the Him Lam Long Bien mixed-use residential area project, allocating over 11 hectares of land to develop approximately 6.000 apartments with a total investment of about 29.000 billion VND, of which about 4.000 apartments are allocated for long-term lease.
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