Hanoi will build 13 resettlement areas at a cost of 13.36 trillion VND (563 million USD) for households affected by the construction of the Ring Road No. 4 project.
The People’s Committee of Hanoi officially opened the elevated section of Ring Road No.2 from Nga Tu So to Vinh Tuy Bridge and the widened ground stretch from Vinh Tuy to Nga Tu Vong to traffic on January 11.
After 2 years of construction, the Le Van Luong tunnel is ready to open to traffic from tomorrow (October 5) and is expected to reduce traffic pressure on the streets of Le Van Luong and To Huu street as well as other nearby routes.
Construction of Tan Van-Nhon Trach section on Ho Chi Minh City’s Ring Road No.3 began on September 24 in Nhon Trach district in the southern province of Dong Nai.
An investment project to build Ho Chi Minh City’s Ring Road 3 will be divided into 8 implementation component projects, in the form of public investment.
The Standing Committee of the Hanoi Party Committee, on Friday, had a meeting with authorities of neighbouring provinces of Hung Yen and Bac Ninh to discuss the implementation of the all-important Ring Road No. 4 project.
The Hanoi People's Council for the term 2021 - 2026 on May 20 agreed to spend 23.5 trillion VND (over 1 billion USD) from the city budget for the Ring Road No. 4 project.
Prime Minister Pham Minh Chinh on January 18 chaired a meeting with representatives of relevant ministries, sectors and of Hanoi, Bac Ninh and Hung Yen on the investment policy for the Ring Road No.4 project in the Hanoi Capital Region.
Before this installation, the Ministry of Transport assigned the Institute of Transport to test and monitor noise in this area of the road. All must be based on scientific data and then the authority would come to a decision to install noise barriers or not.
Minister of Transport Nguyen Van The has expressed support for the construction of Ring Road No.4 because it is of the utmost importance, linking Hanoi with nearby provinces.
Building transport infrastructure is hoped to help Hanoi’s outskirts areas develop and create the potential for modern urban development as there is less and less land available in the inner city.
The Mai Dich - South Thang Long Section of Hanoi’s Ring Road No 3, using ODA loan from the Japan International Cooperation Agency (JICA), was officially opened to traffic on October 11 after two years and four months of construction.
The Hanoi condominium market had lower new supply volume in the third quarter of this year (Q3 2020), while the sold units have exceeded new launches, according to CBRE Vietnam's report on the Hanoi property market in Q3 2020.