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The model of Tay Ho Tay urban area. -- File Photo
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HA NOI (Biz Hub) — The construction of Starlake – also known as the Tay Ho Tay project – a mega urban area project close to West Lake, is stagnating due to capital shortage for infrastructure development.
This was revealed by the Deputy Chairman of Ha Noi People's Committee, Nguyen Ngoc Tuan.
The municipal People's Committee said the mega project spread over 207 ha, will play an important role in the city's socio-economic development.
The committee has also ordered the relevant organisations to hasten the construction and report on the project's progress before March ends.
The first phase of the project was started in January 2014, but the project has been stalled due to slow land clearance. — VNS