26 C
Ho Chi Minh City
Thursday, June 30, 2022

Beltway No. 4 in Hanoi region to be finished later than planned

By Van Phong

Must read

HCMC – The government of Hanoi City has delayed the planned completion of the Beltway No. 4 project passing through Hanoi City and Hung Yen and Bac Ninh provinces until 2027, instead of 2026 as earlier planned.

According to the city’s prefeasibility report for the ring road sent to the Government, the route was planned to have a length of some 112.8 kilometers, including 103.1 kilometers of ring road and 9.7 kilometers of road link with the Noi Bai-Halong Expressway.

Of the total, the section in Hanoi, Hung Yen and Bac Ninh will be 58.2, 19.3 and 25.6 kilometers long, respectively.

The project will be funded by the State budget and the private sector through public private partnership (PPP), with an estimated VND85.8 trillion.

In the 2021-2025 period, nearly VND19.4 trillion will be sourced from the State budget and over VND22.8 trillion from the budgets of the three localities.

In the next five years, the respective figures are VND8.79 trillion and nearly VND5.4 trillion.

Investors will provide VND27 trillion for the project, accounting for 48% of the total investment in components conducted under the PPP model, while nearly VND2.4 trillion will come from bank loans.

To ensure the progress of the project, the Hanoi government proposed dividing the project into seven components, which will be executed by localities.

As for site clearance, Hanoi proposed the central Government ask the National Assembly for permission to carry out the components in phases.

The Hanoi government also suggested developing parallel roads with each road being 12 meters wide. The parallel roads will need some 1,200 hectares of land.

To ensure the site clearance progress, Hanoi also proposed the National Assembly allow the prime minister to decide the appointment of contractors for consulting, infrastructure facility relocation, resettlement, site clearance and compensation packages in 2022-2023 in line with the law.

The expressway and the 9.7-kilometer road were proposed to be built under a build-transfer-operate contract. Accordingly, the Hanoi government will invite competitive tenders to choose investors.

Hanoi also sought the National Assembly’s approval for the assignment of the prime minister to consider and approve the adjustment of the investment of components, which must not exceed the total approved investment in the ring road project.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest articles