The Ha Noi Department of Planning and Architecture late last week announced details of the West Lake urban area project.
The urban area, which has a total investment capital of US$314-mil in its first phase, will cover an area of more than 200ha and can accommodate around 20,000 people.
The new urban area will consist of housing, office buildings, high-end hotels, parks, banks and commercial centres.
The project is expected to have the land clearance phase completed in 2009 and basic building completed in 2011