Project funding structure The road will be 98 kilometers long - 54 kilometers in Hanoi, 23 kilometers in Hung Yen Province and 21 kilometers in Bac Ninh Province. The belt is expected to ease traffic congestion that has hampered economic development of the capital and its satellite cities. For Hanoi, this is also the road connecting Noi Bai International Airport and a second international airport in the southeast of the capital, regulating the expressway system and reducing the load on ring road 3, which connects five satellite cities in Hanoi’s urban cluster. Hanoi’s traffic infrastructure has developed significantly To ensure balanced resources, the project will combine public and private funding. The total project budget stands at about US$3.7 billion, including three sub-projects undertaken by investors with a total investment of almost US$1.3 billion. According to Vice Chair of the Hanoi City People’s Committee Duong Duc Tuan, this is a very effective and … [Read more...] about About US$3.7 billion to be invested in Hanoi’s ring road 4 construction
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Transport Ministry announces projects with slow disbursement
The projects invested by the ministry include the transport project connecting mountainous Northern provinces, the Tan Van - Nhon Trach section of Ho Chi Minh City's Ring Road No. 3 project, the construction of Dien Chau-Bai Vot section of the North-South expressway, My Thuan – Can Tho Expressway, construction of the Interconnecting Road to National. Highway No 91 and Long Xuyen City bypass, the subproject on upgrading and renovating National Highway 279B, construction of the National Roads of 21B and 15, and the project to upgrade the runways at Tan Son Nhat International Airport. The Ministry of Transport has disbursed VND15,080 billion (US$650 million), reaching 34.9 percent of the plan. The ministry has allocated VND45,343 billion (US$1.95 billion) for a public investment plan in 2022 to investors, achieving 90 percent of the Prime Minister’s plan. The remaining capital will be given when subprojects of the North-South expressway project in the 2021-2025 period are … [Read more...] about Transport Ministry announces projects with slow disbursement