Hanoi seeks special mechanisms to speed up major infrastructure projects
The Hanoitimes - 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.
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