Hanoi (VNA) – Minister of Transport NguyenVan The has expressed support for the construction of Ring Road No.4 because itis of the utmost importance, linking Hanoi with nearby provinces.
During a conferenceheld in Hanoi on May 6, The asked Hanoi and related provinces namely Vinh Phuc, Hung Yen, Bac Ninh and Bac Giang to speed up the implementation of the project to ease traffic pressure on Ring Road No.3.
The project is expectedto not only ease traffic overload, expand development resources, connectivity andtrade in goods among localities in the Hanoi Capital Region and the northernkey economic region, but also help Hanoi and the provinces gradually perfect transportation systems asplanned, making it easier for them to step up socio-economic development inboth urban and rural areas, said Secretary of the Hanoi Party Committee Dinh Tien Dung.
Vice Chairman of the municipal People’s CommitteeDuong Duc Tuan highlighted the development of the Hanoi Capital Region’s frameworktransportation network to carry passengers and goods over the past years,including seven expressways namely Hanoi – Lao Cai, Hoa Lac – Hoa Binh,Hanoi – Thai Nguyen, Hanoi – Hai Phong, Cau Gie - Ninh Binh, Thang LongBoulevard and Noi Bai – Bac Ninh, as well as the renovation and expansion of Noi Bai International Airport.
Tuan stressed that theMaster Plan on Hanoi Capital Region set Ring Roads No.4 and No.5 as twoimportant routes for regional connectivity.
In order to build Ring Road No.4, which will pass through 14 districts of the localities with a total length of around 98km, he asked the Transport Ministry and the provinces of Hung Yen, Bac Ninh, Vinh Phuc and Bac Giang to offer feedback onthe project to report to the Prime Minister.
About capitalstructure, he suggested allocating around 25 trillion VND (1.08 billion USD) fromthe State budget to Hanoi, Hung Yen and Bac Ninh. The localities must earmark 50 trillion VND each from their budgets, and the remaining will befrom build-operate-transfer (BOT) investors./.