The Cultural, Service, Commercial and Tourism Space Project at the area of the 131 arches of the railway bridge on the southern side of Long Bien Bridge is located along the Phùng Hưng – Under the Bridge route, from the Đông Gate area to Long Bien Station, Hanoi City. It is invested by Taseco Real Estate Investment Joint Stock Company (Taseco Land), with a total expected investment of approximately VND 1,137 billion (around USD 45.5 million).

The project spans a route of more than 1.7 km and focuses on renovating and exploiting the existing railway bridge arch system to create cultural, commercial and tourism spaces linked to urban heritage. Planned items include spaces for handicrafts and traditional products, a cultural-arts square, pedestrian and street food areas, service business points, public gardens and green spaces.

The project was announced for groundbreaking on 9 October 2026 and is expected to be fully completed by 30 June 2028.