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Friday, July 19, 2024

Govt assigns Hanoi to take charge of Belt Road No. 4 project

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HCMC – The Government has agreed to allow the Hanoi government to take charge of the execution of the elevated Belt Road No. 4 project, which requires an estimated investment of VND105-135 trillion.

At a meeting on the execution of some road projects in the 2021-2025 period, Deputy Prime Minister Le Van Thanh said the assignment of the project to the Hanoi government had been supported by the governments of Hung Yen, Bac Ninh, Bac Giang and Vinh Phuc. The Hanoi government must work with the Ministry of Transport to complete dossiers for the project and report the results to the prime minister, Tien Phong newspaper reported.

In May, Hanoi City and Hung Yen, Bac Ninh, Bac Giang and Vinh Phuc provinces have sent the prime minister a proposal to build the belt road. They agreed that Hanoi City will take the leading role in implementing the project.

According to the five localities’ proposal, the Belt Road No. 4 project will start at an intersection with the Noi Bai-Lao Cai Expressway in Thanh Xuan Commune of Hanoi’s Soc Son District and end at an intersection with the Noi Bai-Halong Expressway in Cam Son Commune of Soc Son District.

The belt road will be 98 kilometers long— 54 kilometers in Hanoi, 23 kilometers in Hung Yen and 21 kilometers in Bac Ninh.

To mobilize capital for the project, the Hanoi government will execute the project under the public-private-partnership model with a build-operate-transfer contract.

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