The project with a five-year construction period would be seen as gauge of the city's leadership and credibility. Hanoi identifies the success of the US$3.7-billion Ring road No.4 project as the pride of the city, which requires the utmost effort from every department and unit to ensure the best head start possible. Secretary of the Hanoi Party Committee Dinh Tien Dung. Photos: Thanh Hai Hanoi Party Committee Secretary Dinh Tien Dung gave the remarks at a meeting discussing the construction of the Ring road No.4 project connecting Hanoi and nearby provinces/cities. The project with an estimated investment capital of VND85.8 trillion (US$3.7 billion) received a go-ahead from the National Assembly last week and is slated for completion by 2027. With a total length of 112.8 kilometers, the Ring road would run through Hanoi (58.2 kilometers), Hung Yen (19.3 kilometers), and Bac Ninh (25.6 kilometers). At the meeting, delegates stressed the significance of … [Read more...] about Success of US$3.7-billion ring road project is Hanoi’s pride: City Party chief
Most delayed construction projects
Fresh measures to facilitate construction of North-South highway’s eastern part
The section linking Mai Son and national highway 45 under the North-South highway's eastern part According to the deputy PM, it is a key task set in the eighth National Party Congress Resolution to finalise the construction of 23 component projects by 2025 to smoothen travel in the North-South highway’s eastern part that runs over 2,000 km from Huu Nghi to Ca Mau province. As per schedule, it is a must to complete the construction of a 361.5km highway by late 2022, as well as an additional 652km by March 2024, and 729km extra by 2025. Thanh noted that to facilitate the implementation, the National Assembly and the government have greenlit the application of several specific mechanisms on contractor appointment and mineral exploitation serving the production of common building materials and several works during the project preparation stage, among others. Due to the huge work volume and limited timeline, relevant ministries, agencies, and localities need to embrace … [Read more...] about Fresh measures to facilitate construction of North-South highway’s eastern part
HCMC disburses only 17 percent of public investment capital in first six months
Illustrative image. (Photo: SGGP) The People's Committee of HCMC said that the disbursement rate of the Public Investment Plan in 2022 is not much compared to previous years due to many difficulties and obstacles, but mainly the impact of the Covid-19 pandemic in 2021. The restart of the construction of projects in the first months of 2022 experienced a certain delay after the time the city adopted measures to respond to the Covid-19 pandemic. In addition, input costs were unstable and tended to increase. Besides the above objective reasons, the People's Committee of HCMC also raised some other subjective reasons affecting the disbursement progress of public investment capital, for example, difficulties related to site clearance; it is necessary to have time to carry out the project adjustment procedures on the basis of Resolution No.99/NQ-HDND dated October 19, 2021, of the People's Council of HCMC and Decision No.4354/QD-UBND dated December 28, 2021, on the medium-term capital … [Read more...] about HCMC disburses only 17 percent of public investment capital in first six months