Today: 29/09/2022 21:29:57 (GMT+7)
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Parliament approves funding for Hanoi's new ring road

The National Assembly on Thursday passed a resolution to spend VND85.8 trillion ($3.67 billion) on Ring Road No.4 to connect Hanoi with neighboring provinces.

The road will stretch 112.8 kilometers, covering 56.5 kilometers in Hanoi, 20.3 kilometers in Hung Yen Province, 21.2 kilometers in Bac Ninh Province, with the rest comprising Hanoi – Ha Long Expressway.

Parliament, approves funding, Hanoi, new ring road,  National Assembly, locality contributions,  private investor, public-private partnership model

A construction site of Ring Road No.4 connecting Hanoi and northern provinces in 2020.

It will be carried out in two stages.

Phase one will be built in 2021-2025 and cost VND41.86 trillion of the central budget and more than VND22.47 trillion contributed by Hanoi and both provinces.

Phase two in the 2026-2030 period will cost VND8.79 trillion from the state budget, VND5.71 trillion from locality contributions and more than VND29.44 trillion from a private investor under a public-private partnership model.

As planned, the project will be basically completed in 2026 and open to traffic in 2027.

Hanoi People's Committee will oversee project implementation.

Within two years since the resolution is passed, the NA allows heads of competent agencies to choose contractors for consultation, technical infrastructure relocation, compensation, support and resettlement.

Bac Giang: Capital Region Ring Road 5 to connect industrial zones in Luc Nam
(BGO) – Capital Region Ring Road 5 in Bac Giang province (section from the Yen Son - Bac Lung Industrial Park to the planned provincial road 293B) and road 293B (section from Ring Road 5 to National Highway No. 31) will be built.
 
Quang Ninh to construct road linking Ha Long city to Son Dong district (Bac Giang)
(BGO) – According to the information from Quang Ninh province, the province will open a route to link Ha Long city with Son Dong district (Bac Giang province).
 
Bac Giang strives to complete road to link National Road No.37 and 17 to Vo Nhai within 2023
(BGO) – The road construction project to link National Road No.37 and 17 to Vo Nhai (Thai Nguyen province) was commenced in late December 2021 which passes several districts of Viet Yen, Tan Yen and Yen The (Bac Giang province). It is executed with total investment of over 1,452 billion VND (63.5 million USD) from the central and provincial budget.
 
Over 3.4 million USD invested to expand frontage road for national road No.1 and Hung Vuong intersection
(BGO) – A project has been executed to expand and upgrade the frontage route of the national road No.1, section from the national road No.31’s intersection to Hung Vuong intersection so as to ease the traffic congestion.
 
Over 25.1 million USD invested to upgrade and expand route connecting provincial road No.293 to national road No.17
(BGO) - The route to link provincial road No.293 in Bac Giang city (Bac Giang province) to national road No.17 in Tien Phong commune (Yen Dung district) will be upgraded and expanded to complete the urban plan and increase traffic capability.
 

Source: VnExpress

Parliament, approves funding, Hanoi, new ring road, National Assembly, locality contributions, private investor, public-private partnership model
 
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