The project is a transportation corridor and economic engine for the growth of the Red River Delta.
National Assembly deputies in a discussion session on June 10 shared the view on the significance of Ring road No.4, which would open up new development spaces and strengthen provincial linkage for growth.
Once completed, Ring road No.4 with a total length of 112.8 kilometers would connect 14 districts from three northern cities/provinces, including Hanoi, Hung Yen, and Bac Ninh.
Deputy Nguyen Dai Thang from Hung Yen Province. Source: quochoi.vn |
Deputy Nguyen Dai Thang from Hung Yen Province noted the project would help realize the country’s road network planning for the 2021-2030 period, with a vision for 2050.
“The project not only enhances economic competitiveness of Hanoi and other cities/provinces in the capital area but also holds significant meaning in terms of politics and culture,” Thang said.
"Improving provincial links between Hanoi and other cities is the right step to ensure equitable socio-economic development in the region," he continued, hoping the highway offers greater access to industrial parks and urban areas in Hanoi's neighboring provinces and cities.
“From this starting point, there would be a broad economic corridor linking cities from highlands to delta regions,” Thang said.
Deputy Ta Dinh Thi from Hanoi noted the project is essential in realizing the role of Hanoi as a driving force for growth in the northern region, especially as it would spur the development of more residential areas, industrial parks, and universities in the surrounding areas.
Deputy Ta Dinh Thi from Hanoi. |
Deputy Nguyen Anh Tri from Hanoi, however, called for the Government to adopt the best technical specifications for the construction of the project so that its lifespan would be around 100 years.
Deputy Hoang Van Cuong from Hanoi expected a special mechanism for using land funds alongside the project.
"These are the enormous resources for the development of the region, which without a proper plan would be wasted," he said.
Minister of Planning and Investment Nguyen Chi Dung at the session. Source: VNA |
Ring-road No.4 (red line), designed to run through the Hanoi capital zone, begins in Soc Son District in the northern part of Hanoi and ends in the northern city of Bac Ninh. File photo |
At the session, Minister of Planning and Investment Nguyen Chi Dung suggested that Ring road No.4 in Hanoi and Ring road No.3 in Ho Chi Minh City would help address bottlenecks in planning for transport infrastructure in major cities.
According to Dung, infrastructure has long been seen as one of the critical strategic breakthroughs for Vietnam’s development, and the Government is, therefore, determined to build the two ring roads with the highest quality.
Under the Government’s proposal, Ring road No.4 is designed with a total length of 112.8 kilometers, running through Hanoi (58.2 kilometers), Hung Yen (19.3 kilometers), and Bac Ninh (25.6 kilometers).
The project with an area of 1,341 hectares, which would cost a total of VND85.8 trillion ($3.7 billion) from the state budget and investors’ capital, is set to be completed by 2027.
The Government expects the project to be divided into seven sub-components, for which 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).
Other News
- Prime Minister urges Chinese companies to collaborate on infrastructure projects
- Lao Cai – Hanoi – Haiphong railway section to be built in 2027
- New supply to boost Hanoi retail property market
- Vietnam, China cross-border railway project to start construction in 2025
- Hanoi approves 14 residential projects amid market challenges
- Prime Minister urges quick construction of National Exhibition Center
- Hoa Lac Park aims to become “a high-tech hub”
- Hanoi to build a new biotech high-tech park
- Vietbuild Hanoi International Exhibition 2024 attracts over 1,200 pavilions
- Hanoi prioritizes green constructions for sustainability
Trending
-
Hanoi’s keys to remaining a City for Peace
-
Vietnam news in brief - December 10
-
A Gen Z girl passionate about preserving traditional hand embroidery
-
Hanoi economy sustains higher growth in 2024
-
Hanoi to lead national efforts to streamline political system
-
"Vietnamese Specialties for Vietnamese Tet" festival underway in Hanoi
-
Hanoi unveils major data center to support smart government initiatives
-
Vietnam partners with NVIDIA to establish AI research center
-
NVIDIA CEO Jensen Huang enjoys night walk in Hanoi