The project to rebuild the Nguyen Cong Tru Collective Residential Quarter in Hai Ba Trung district, Hanoi was officially started on the morning of March 19.

This pilot project, which follows the city’s strategy to renovate and rebuild old buildings, aims to do away with low-quality housing and improve people’s living conditions and the municipal landscape.

Hanoi Housing Development and Investment Joint Stock Company No.7 under Hanoi Housing Development and Investment Corporation (HANDICO) is the project’s investor.

The housing estate, constructed in the 1960s, includes 14 downgrading four-storey buildings.
Chairman of Hanoi People’s Committee Nguyen The Thao stressed that the investor spent much time investigating, developing and issuing the project’s mechanisms.

He requested the investor and contractors to accelerate construction progress.

Thao also called for the project’s investor, the People’s Committee of Hai Ba Trung district, departments and agencies to continue researching and proposing appropriate mechanisms and policies to implement similar projects.

He expressed his hope that people will become aware of the State and city’s strategy, and support the State to finish the project successfully.

Nguyen Manh Dung, General Director of Hanoi Housing Development and Investment Joint Stock Company No.7, said that the project will see the construction of a complex that includes eight new 14-storey buildings on the 360,000-square -metre site. It will be connected by a network of roads and comprise supporting buildings, nursery schools and a sport complex.

The first phase of the project will see the construction of Building N3 containing 300 flats for the resettlement of all families in the project area.

The project’s investor pledged to complete the building soon in order to help the residents of Buildings A1 and A2 resettle early.-VNA