Seoul, the capital of the Republic of Korea, will contribute 90 percent of the cost of mapping out a new urban center along Hanoi’s Hong (Red) River, the Hanoi Planning and Architecture Department said Saturday.
After the project plan is drawn up, it will be submitted for approval to the National Assembly in April 2009 and the Prime Minister two months later.
Once approved, authorities will call for bids to carry out the construction of the project.
It is estimated that construction of the new urban center by the Red River will cost about US$7 billion.
Source: Vietnam latest news – Thanh Nien Daily.
Thaindian News reports on designs such as the luxury villa designed by Giorgio Armani, an 18-hole golf course conceptualised by Greg Norman and skyscrapers with the FX Fowle touch – hiring global professionals has become a new trend with Indian realtors. With the $15 billion realty sector in India booming at an annual growth of 35 percent and global players lining up investments worth some $10 billion, this industry has begun attracting international planners and architects.
So don’t be surprised if fancy realty project names like Orchard Country, Sun City, Malibu Towne, Espace Nirvana Country and Karma Lakelands also have some top international civil engineers and architects associated with them.
Read more @ International designs shape Indian construction projects –
Source: Thaindian News.
Urbanisation in the Asia-Pacific region has driven up poverty, says the UN Economic and Social Commission for Asia and the Pacific (Escap).
The agency’s latest yearbook showed that with an increase in urbanisation and growth, urban poverty had also worsened.
This year represented a turning point in human geography. For the first time in history, more people now live in cities than in rural areas.
Although the Asia-Pacific region, along with Africa, was still one of the least urbanised regions of the world, its urban population had grown at the fastest pace in the last 15 years, said the yearbook, which describes economic, social and environmental trends in Asia and the Pacific.
Source: Bangkok Post : General news.
United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) addresses in the latest issue of its flagship publication, the Economic and Social Survey for Asia and the Pacific 2008.
The Survey will be launched on Thursday, 27 March, 2008, at 0500 GMT, in more than 20 capitals in the region, and in New York and Geneva.
This year’s Survey, entitled “Sustaining Growth and Sharing Prosperity,” says 218 million – a third of the region’s poor, largely living in rural areas – could be lifted out of poverty by raising agricultural productivity if governments address decades of policy neglect and failure in the agricultural sector. The Survey also calls for a comprehensive liberalization of global trade in agriculture, as this would take a further 48 million people out of poverty in the region.
Source: ESCAP Press Release: ESCAP TO LAUNCH KEY ECONOMIC AND SOCIAL SURVEY ON ASIA-PACIFIC REGION.