Hanoi’s mega smart city set to break ground later this year

The BRG-Sumitomo joint venture and Japanese consultancy unit Nikken Sekkei held a working session with the Hanoi People’s Committee to report on the implementation of the Nhat Tan-Noi Bai smart city project and listen to instructive comments from city officials to soon start work on the project.

The investors expect that construction on the US$4.2 billion project could begin this December if they receive approval and the land on time.

Hanoi will try its best to ensure the most favourable conditions in administrative procedures, land acquisition, as well as infrastructure development, paving the way for the joint venture to deploy the project without a hitch.

In May 2018, a Vietnamese-Japanese consortium consisting of four Vietnamese enterprises led by BRG and Sumitomo submitted a proposal to build a smart city to the Hanoi People’s Committee.

The consortium proposed establishing five companies to execute five component projects, which are scheduled to start this year and be completed in 2030.

The smart city project is set to cover an area of 272ha in Hanoi’s outlying district of Dong Anh, connecting with the city centre via the Nhat Tan-Noi Bai axis.

In the first phase, the Sumitomo-BRG joint venture will pour over US$1 billion into facilities on an area of 73ha.

According to BRG’s Chairwoman Nguyen Thi Nga, once completed, the smart city will become a landmark development in Hanoi’s gateway, driving urbanisation in the northern Red River area, creating numerous jobs and propelling the city’s socio-economic development.

Earlier, the cooperation agreement between the Hanoi’s People’s Committee, BRG Group and Sumitomo Corporation to develop the smart city project was signed in the presence of Prime Minister Nguyen Xuan Phuc during his official visit to Japan in June 2017.