31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Industry
Construction of the No.4 ring road to kick off in mid-2023
Hai Yen 14:47, 2022/08/19
The aim is to ensure the completion of the ring road by 2026 and to put it into operation from 2027.

The authorities of Hanoi and neighboring cities/provinces in the Capital Zone responsible for the construction of the No.4 ring road are expected to complete the preparation by January 31, 2023 and begin works no later than June 30.

 Ring-road No.4 is set to create breakthroughs for development in Hanoi and neighboring cities/provinces. File photo

Deputy Prime Minister Le Van Thanh gave the timeline in Government’s resolution No.106, to implement the National Assembly’s investment policy on the construction of the Ring-road No.4.

Under the resolution, the Government assigned the Chairman of the People’s Committee of Hanoi, Hung Yen, and Bac Ninh to approve sub-components of the projects in compliance with regulations on public investment.

In this regard, the Ministry of Construction would be responsible for reviewing the feasibility study report for the construction of urban roads in Hung Yen and Bac Ninh provinces.

The authorities of Hanoi would conduct a feasibility study on the construction of the expressway component, set to be financed under the public-private partnership mechanism.

In addition, leaders of the three cities/provinces would apply the direct-contracting method for consultant packages and other works on the reallocation of technical infrastructure, land requisition compensation, and resettlement for affected households from the state budget funds in the 2022-2023 period.

“Three cities/provinces are held responsible for the progress, quality and efficiency of each component under their respective administration, preventing possible corruption and waste,” noted the resolution.

The aim is to ensure the completion of the ring road by 2026 and to put it into operation from 2027.

Ring road No.4 with a total length of 112.8 kilometers and covering a combined area of 1,341 hectares, would run through Hanoi (58.2 kilometers), Hung Yen (19.3 kilometers), and Bac Ninh (25.6 kilometers). Once completed, the project is expected to bolster provincial connectivity between Hanoi and the northern provinces in the capital area.

The total investment cost of the project is VND85.8 trillion ($3.7 billion), with VND41.8 trillion ($1.8 billion) for the 2021-2025 period sourced from the state budget. Of the total, Hanoi would contribute VND22.47 trillion ($967.2 million) from its local budget, Hung Yen VND1 trillion ($43 million), and Bac Ninh VND2 trillion ($86 million).

In the subsequent five years, the project funding would continue to be allocated VND14.5 trillion ($624.2 million), with Hanoi contributing VND4 trillion ($172 million), Hung Yen VND505 billion ($21.7 million), and Bac Ninh VND1.16 trillion ($50 million).

The private sector, meanwhile, is expected to fund VND29.4 trillion ($1.26 billion).

TAG: hanoi ring-road no.4 transport infrastructure hanoi
Other news
19:58, 2022/58/30
Co-processing in cement industry: Norway expertise for Vietnam’s net-zero target
The method helps the cement industry play a more important role in reducing greenhouse gas emissions and preventing plastic waste from ending up in the oceans.
10:48, 2022/48/29
Vietnam to expand Noi Bai International Airport by 2025
The expansion of Noi Bai International Airport aims to meet the increasing number of passengers.
18:12, 2022/12/28
Finance ministry proposes to halve excise, VAT taxes on petrol products
The tax cut is scheduled to take effect in six months, subject to the approval of the Standing Committee of the National Assembly.
12:10, 2022/10/26
Vietnam's cooperative economy needs changes
It is necessary for the cooperatives and cooperative economic model to have the “determination to digital transformation, innovation, and change associated with efficiency.”
10:07, 2022/07/25
Hanoi to spend over $13 million on empowering SMEs via digital transformation
The latest decision of the local authority is applied from September 23.
09:58, 2022/58/24
Role of Hanoi and Ho Chi Minh City in tourism planning for 2021-2030
In the next stage of tourism development, good quality targeting high-end, long-stay, and high-spending visitors is believed the top priority.