






{"id":35093,"date":"2023-09-11T08:11:56","date_gmt":"2023-09-11T01:11:56","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=35093"},"modified":"2023-09-13T08:21:53","modified_gmt":"2023-09-13T01:21:53","slug":"hanois-urban-renaissance-starts-with-infrastructure-development-and-transit-oriented-growth","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/hanois-urban-renaissance-starts-with-infrastructure-development-and-transit-oriented-growth\/","title":{"rendered":"Hanoi&#8217;s urban renaissance starts with infrastructure development and transit-oriented growth"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The city has been investing in progress, overcoming challenges, and embracing sustainable urbanisation<\/span><\/p>\n<figure id=\"attachment_35094\" aria-describedby=\"caption-attachment-35094\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-35094 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/09\/shutterstock_726803782.jpg\" alt=\"\" width=\"1000\" height=\"651\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/09\/shutterstock_726803782.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/09\/shutterstock_726803782-400x260.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/09\/shutterstock_726803782-600x391.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/09\/shutterstock_726803782-768x500.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-35094\" class=\"wp-caption-text\">Hanoi also focuses on public transportation, with a growing bus network. VitenamStockImages\/Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Hanoi is investing in urbanisation and economic growth through infrastructure development, 15 years after expanding its administrative boundaries. Projects listed by the <\/span><a href=\"https:\/\/moc.gov.vn\/en\/news\/77494\/hanoi-invests-more-in-transport-infrastructure.aspx\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Vietnamese Ministry of Construction<\/span><\/a><span style=\"font-weight: 400;\"> include Thang Long Boulevard, Cat Linh-Ha Dong metro line, Belt Road 3, and Belt Road 2. Phap Van-Cau Gie route will become an expressway. Key bridges like Vinh Tuy and Dong Tru have been constructed. The Le Van Luong underpass reduces traffic congestion.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The city plans to expand its development space with Belt Road 4 and prioritise National Highways 1 and 6. By 2030, they aim to complete various road networks. Hanoi also focuses on public transportation, with a growing bus network serving millions of passengers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Director of the Hanoi Department of Transport, Nguyen Phi Thuong, highlights the challenges faced by Hanoi and Ho Chi Minh City in meeting the 12-year deadline for their metro projects, including cost overruns and inefficient station accessibility. According to <\/span><a href=\"https:\/\/hanoitimes.vn\/tod-model-for-solving-urban-traffic-challenges-in-hanoi-324464.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Hanoi Times<\/span><\/a><span style=\"font-weight: 400;\">, the Transit-Oriented Development (TOD) model was proposed to address these issues.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiarealestatesummit.com\/cleaning-damage-in-vietnam\/\" target=\"_blank\" rel=\"noopener\"><strong>Related: Tackling the aftermath: Addressing property damage and cleaning efforts in Vietnam<\/strong><\/a><\/p>\n<p><span style=\"font-weight: 400;\">TOD centres around public transport hubs, integrating various functions within a 10-15 minute walk from stations to encourage vertical urban growth. This model, reliant on rail transport but adaptable to buses, offers a sustainable solution to urban development issues. To implement TOD successfully, it requires revising legal frameworks, government support, pilot projects, and incentivizing investor participation.<\/span><\/p>\n<p><a href=\"https:\/\/e.vnexpress.net\/news\/news\/traffic\/hanoi-sets-new-operation-deadline-for-metro-line-4580656.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">VN Express<\/span><\/a><span style=\"font-weight: 400;\"> reported Hanoi&#8217;s Nhon-Hanoi Station metro line, the capital&#8217;s second metro line, will have its elevated section operational in August after multiple delays. The line, running 12.5 kilometres from Nhon to downtown Hanoi Railway Station, missed previous completion deadlines due to contractor and management issues.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hanoi authorities now aim to complete the final contract package in May, with the entire line undergoing safety assessment in August. The entire line is 75.6 percent complete, with the elevated section nearly finished at 97.6 percent. The project&#8217;s total investment has been raised, marking the second time the capital adjustment has been made.<\/span><\/p>\n<p><em>The Property Report editors wrote this article. For more information, email:\u00a0<a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noreferrer noopener\">propertyreport@propertyguru.com<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The city has been investing in progress, overcoming challenges, and embracing sustainable urbanisation<\/p>\n","protected":false},"author":12,"featured_media":35094,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[3416,197,3579,3544,135],"class_list":["post-35093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-industrial-development","tag-industrial-real-estate","tag-industrial-real-estate-industry","tag-transportation","tag-vietnam","news_country-vietnam","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is 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