PM inspects construction of Ring Road No.4 in Hanoi capital region

Prime Minister Pham Minh Chinh inspected the construction work of Ring Road No.4 in the Hanoi Capital Region on January 27.

Friday, January 27, 2023 14:56

PM inspects construction of Ring Road No.4 in Hanoi capital region ảnh 1

PM Pham Minh Chinh checks construction site in Hoai Duc outlying district (Photo: VNA)

Hanoi (VNA) – PrimeMinister Pham Minh Chinh inspected the construction work of Ring Road No.4 in the Hanoi Capital Region on January 27.

The road is about112.8km long, with around 58.2km in Hanoi, nearly 19.3km in Hung Yen and some 35.3km in Bac Ninh.

The project has total investment of over 85.8 trillion VND (3.73 billion USD), more than 28.1 trillion VND ofwhich will come from the State budget, over 28.19 trillion VND from local budget and theremainder from build-operate-transfer (BOT) venture.

Construction on the road started in 2022 and is slated to be basically completed in 2026. The road is scheduled to be put into operation in 2027.

Generally, the project's items are being carried out on schedule, including site clearance, feasibility and environmentimpact assessment reports.

PM Chinh asked the Government Office to partner with ministries and agencies concerned to deal with problems faced by the project, under the directions of Deputy PM Tran Hong Ha.

He stressed that theproject will open up new development space for thecapital city. It will reduce population density and traffic congestion in theinner city and gradually change the economic structure of the area along theroad.

Theroad will also strengthen connectivity and create motivation and breakthroughsin the socio-economic development of Hanoi and neighbouring areas./.

VNA

#Prime Minister Pham Minh Chinh #Vietnamplus #Vietnam News Agency #State budget #build-operate-transfer venture Ha Noi

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