Hanoi is speeding up the preparation for the Ring road No.4 project, scheduled to start right after receiving approval from the National Assembly (NA).
| Secretary of the Hanoi Party Committee Dinh Tien Dung at the session. Photos: The Hanoi Times |
Secretary of the Hanoi Party Committee Dinh Tien Dung stressed at a NA discussion on June 6 over the construction of the Ring Road No.4 in the Hanoi’s capital area and the Ring road No.3 in Ho Chi Minh City.
According to Dung, the NA’s Economic Committee agreed on the necessity of the two projects to realize the country’s 10-year socio-economic development strategy for the 2021-2030 period.
Ring road No.4 with a total length of 112.8 kilometers connects 14 districts from three northern cities/provinces, including Hanoi, Hung Yen, and Bac Ninh.
Dung said the project would be divided into seven sub-components, for which both the construction and site clearance phases are conducted separately by the provincial/city authorities with finance from the combination of public investment and public-private partnership (PPP).
“Site clearance has always been the most difficult part of public investment projects. Ring road No.4 has a total area of 1,341 hectares, of which 741 hectares are in Hanoi. As the majority are agricultural land, the site clearance is expected to be smooth,” he said.
| NA Deputy Nguyen Anh Tri. |
At the discussion session, Deputy Nguyen Anh Tri highlighted the determination of the Government in accelerating the projects.
Tri expected that Ring road No.4 would help bolster provincial connectivity and open up new space for development.
Deputy Vu Thi Luu Mai shared the view by saying the two ring roads not only bring economic gains but are also significant in terms of politics and foreign policy.
“The condition of the transport infrastructure is the reflection of a country’s development, for which Hanoi should address the issue for future growth,” Mai said.
| Deputy Vu Thi Luu Mai speaks at the conference. |
Once completed, the Ring road No.4 would link seven highways including Hanoi – Haiphong; Hanoi – Lao Cao; Hoa Lac – Hoa Binh; Hanoi – Thai Nguyen; Cau Gie – Ninh Binh; Thang Long Boulevard; Noi Bai – Bac Ninh.
Meanwhile, the Ring road would open new development opportunities for five satellite urban and create the momentum for an economic transition from an agricultural-based economy to an industrial one.
The total investment capital of the Ring road No.4 is estimated at VND85.8 trillion (US$3.73 billion), of which over VND23.5 trillion ($1 billion) would be sourced from Hanoi’s budget.
| Deputy Vu Tien Loc. |
Deputy Vu Tien Loc noted public investment is a key solution to drive growth and an opportunity for Vietnam to enhance its economic competitiveness.
For many years, the provincial linkage has been a bottleneck for growth due to the lack of adequate infrastructure, Loc said, expecting the Ring road No.4 would be groundbreaking for development.
