80TH Anniversary August Revolution and National Day
Log in
Property

Hanoi to invest US$226M in streets and service roads under Ring Road No.4 project

The project aims to construct a system of local street and service roads spanning approximately 58.2km in Hanoi.

Hanoi is set to allocate VND5.4 trillion (US$226 million) to building service roads under Ring Road No.4 project.

 The design of Ring Road No.4

The project aims to build a system of streets and service roads spanning approximately 58.2km in Hanoi.

Ring Road No.4 runs through Hanoi in Tan Dan commune, Soc Son district, to the boundary between Hanoi and Hung Yen Province in Thuong Tin district.

The route passes through seven districts, including Ha Dong, Soc Son, Me Linh, Dan Phuong, Hoai Duc, Thanh Oai, and Thuong Tin. Its right service road runs a distance of about 51.61 km, while the left service road is approximately 51.55 km long.

The local streets are designed to meet the standards of the urban main thoroughfare with a design speed of 80km/h. However, the section running parallel to Song Phuong Dam is designed to meet the standards for secondary main roads with a design speed of 60km/h.

Intersections that require the construction of interchanges will be built in conjunction with Component 3 of the Ring Road No.4 project.

Intersections with provincial roads, national roads and other busy urban axes requiring complex traffic organization will be controlled traffic lights and painted lines with guide signs to ensure safety during operation.

The total investment for the project is VND5.38 trillion ($226 million), with VND4.52 trillion ($190 million) allocated from the city budget for construction costs.

The Chairman of the Hanoi People's Committee has appointed the Hanoi City Traffic Construction Investment Project Management Board to ensure the accuracy of the volume and funding, and the capacity of organizations and individuals to conduct surveys and draft feasibility study reports.

This body must also make an overall and detailed plan and schedule for the implementation of the investment project, and comply with regulations on the investment policy of the Ring Road No.4 project.

The Ring Road No.4 project involves the construction of a total distance of 112.8 km, comprising 103 km of Ring Road No.4  and a 9.7 km route connecting to the Noi Bai - Ha Long Expressway. The route covers 58.2 km through Hanoi, 19.3 km in Hung Yen, and 25.6 km in Bac Ninh while the connecting route is 9.71 km long.

The project is designed as a 4-lane expressway with a width of 17m and a design speed of 80 km/h.Service roads will be constructed on both sides of the road through urban and residential areas.

The investment for the project will be a combination of public and PPP investment, with a preliminary estimated investment of about VND86 trillion ($3.6 billion).

The budget requirement for the 2026-2030 period is VND6.21 trillion ($260.7 million), with VND2.75 trillion ($115.4 million) from the central budget and VND3.46 trillion ($145.2 million) from the local budget of which, Hanoi contributes VND2.13 trillion ($89.4 million), while Hung Yen and Bac Ninh contribute VND230 billion ($9.65 million) and VND1.1 trillion ($46.17 million), respectively.

Reactions:
Share:
Trending
Most Viewed
Related news
Vietnam rolls out land management guidebook for two-tier administrative system

Vietnam rolls out land management guidebook for two-tier administrative system

In addition to outlining the roles and responsibilities of local authorities, the handbook provides citizens with step-by-step guidance on completing land-related procedures under the new system.

Hanoi real estate sector contributes $3.3 billion to state budget in H1

Hanoi real estate sector contributes $3.3 billion to state budget in H1

Large-cap Hanoi real estate developers such as Vingroup and Nam Thang Long Urban Area Development paid the most fees and taxes to the state budget between January and June.

Vietnamese Government set to revise Land Law 2024

Vietnamese Government set to revise Land Law 2024

Land legislation still presents shortcomings and remains inconsistent with the two-tier local government model and the country’s development objectives in the new era.

Hanoi approves 150 land sites for commercial housing projects

Hanoi approves 150 land sites for commercial housing projects

Hanoi plans to use 150 land areas to build commercial housing infrastructure and increase the supply of affordable homes.

Nearly 22,000 new homes in Hanoi listed in H1

Nearly 22,000 new homes in Hanoi listed in H1

Apartments made up the majority of housing units available for sale in Hanoi during the first half of 2025.

Hanoi to allocate 720ha of land for commercial housing projects

Hanoi to allocate 720ha of land for commercial housing projects

The capital authorities target to use available land resources to build more affordable homes, thus increasing the supplies for the real estate market.

Interest rates for young homebuyers capped at 5.9% per annum

Interest rates for young homebuyers capped at 5.9% per annum

The new rule about how much interest can be charged is expected to make it easier for young people to buy houses in big cities in Vietnam.

Market manipulation concerns follow Vietnam's land pricing deregulation

Market manipulation concerns follow Vietnam's land pricing deregulation

While removing land pricing rules will positively impact Vietnam's real estate market, local authorities should be aware of attempts to manipulate market prices.