VietNamNet Bridge – Hanoi will build two steel frame car-lots on the streets of Nguyen Cong Hoan and Tran Nhat Duat with a total cost of nearly VND122 billion ($6 million) to keep 312 cars this year. The average cost for a parking space is up to VND400 million ($20,000).

The two projects have been approved by Vice Chairman of Hanoi People's Committee Nguyen Van Khoi.

The parking lot on Nguyen Cong Hoan Street (Ba Dinh district) will be built over an area of 1.800m2, in which 1.000m2 will be devoted to build 17 blocks of four-story steel frame houses.

The one on Tran Nhat Duat Street (Hoan Kiem district) will have an area of over 2.300m2, with seven blocks of 4-store steel frame houses.

Next to each car park is an operating building, the home for guards, the room for backup power generators and the internal courtyard.

Both projects have a total investment of nearly VND122 billion, but they can keep only 312 cars. Specifically, the car park on Tran Nhat Duat Street with 91 cars and the one on Nguyen Cong Hoan Street with 221 vehicles.

It is expected that the works will be completed by 2015.

Earlier, Hanoi inaugurated the first five-store automatic car park of 126m2 at No. 32 Nguyen Cong Tru (Hai Ba Trung district) at the investment capital of VND13 billion ($600,000).

Xuan Lan