Hanoi seeks special mechanisms to speed up major infrastructure projects
Ring roads No.4 and 5 would help ensure greater connectivity between Hanoi and other localities.
The Hanoi city government is proposing special mechanisms to speed up two major infrastructure projects to build ring roads No.4 and 5, local media reported.
Hanoi seeks special mechanisms to speed up major infrastructure projects. |
Specifically, the special mechanism would be in forms of simplified policies so that the Ministry of Transport (MoT) and provinces and cities involved in the projects could fast-track them.
Hanoi also suggested the MoT consider the construction of the entire ring road No.5 connecting eight provinces and cities to ensure better connectivity, while ring road No.4 is Hanoi’s priority project in the immediate future.
The construction of the route connecting the Phap Van – Cau Gie section to Hanoi – Hai Phong expressway has a length of 13.9 kilometers and investment capital of VND9.8 trillion (US$420 million), to be built by a consortium of Phuong Thanh Transport Construction and Investment Company and Nguyen Minh Infrastructure Investment and Development Company under the build-operate-transfer (BOT) mechanism.
Hanoi’s authorities are looking at three project proposals under the private-public partnership (PPP) made by domestic investors, including the expressway section Noi Bai – Lao Cai – National Highway No.32 – Phap Van – Cau Gie with a length of 34 kilometers and investment capital of VND16.2 trillion (US$694.36 million).
Hoanh Son Corporation proposed the construction of Hong Ha bridge and its 6-kilometer approach roadway with investment capital of VND9.87 trillion (US$423.04 million), connecting Me Linh and Dan Phuong districts.
For ring road No.5, as of May 2020, so far only a tiny section of it, the Vinh Thuy bridge across the Red river, has been completed with investment capital of US$170 million.
Under a prime ministerial decision, ring road No.4 has a total length of 136.6 kilometers connecting Hanoi with Vinh Phuc, Hung Yen, Bac Ninh and Bac Giang provinces.
Ring road No.5, once completed, would connect eight localities namely Hanoi, Hoa Binh, Ha Nam, Thai Binh, Hai Duong, Bac Giang, Thai Nguyen and Vinh Phuc with a length of 331.5 kilometers.
Other News
- Exhibition on Thang Long Imperial Citadel underway in Beijing
- Vietnam's central bank to inspect gold trading practices
- Hanoi trade fair promotes rural industrial products
- Hanoi-Beijing cooperation – example of bilateral relations
- Hanoi's 70th liberation anniversary literary and art contest launched
- Breakthrough ideas needed to redevelop Red River’s alluvial islet
- Hanoi builds more craft industry clusters to reduce pollution
- Surge in food poisoning calls for urgent safety measures
- Hanoi and localities promote supply of safe farm products
- Underground tunnels between metro lines planned in Hanoi
Trending
-
Vietnam celebrates Ho Chi Minh’s birthday
-
Vietnam news in brief - May 19
-
Satisfaction for two, disappointment for many others
-
Vietnamese enterprises anticipate ASEAN common visa policy
-
Hanoi's 70th liberation anniversary literary and art contest launched
-
Japanese duo of illusionists to wow audiences in Vietnam
-
Walking tour to experience public arts in the heart of Hanoi
-
Propaganda poster contests launched for Hanoi’s 70th liberation anniversary
-
Bas-reliefs on Hue's nine dynastic urns listed as UNESCO heritage