Hanoi and related provinces propose building Ring Road No.4

PSNews - Leaders of Hanoi and four related provinces, including Hung Yen, Bac Ninh, Vinh Phuc, and Bac Giang, are seeking in-principle approval from the prime minister for the Ring Road No. 4 project estimated to cost up to VND160 trillion (US$6.9 billion). 
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Photo for illustration.
Photo for illustration. 

According to Mr. Dinh Tien Dung, Secretary of the Hanoi Municipal Party Committee, the project is expected to not only ease traffic overload, expand development resources, connectivity and trade in goods among localities in the Hanoi Capital Region and the northern key economic region, but also help Hanoi and the provinces gradually perfect transportation systems as planned, making it easier for them to step up socio-economic development in both urban and rural areas. 

Over the past years, the development of the Hanoi Capital Region’s framework transportation network to carry passengers and goods saw positive signs. There are seven expressways namely Hanoi – Lao Cai, Hoa Lac – Hoa Binh, Hanoi – Thai Nguyen, Hanoi – Hai Phong, Cau Gie - Ninh Binh, Thang Long Boulevard and Noi Bai – Bac Ninh, as well as the renovation and expansion of Noi Bai International Airport.

However, the Master Plan on Hanoi Capital Region set Ring Roads No.4 and No.5 as two important routes for regional connectivity, contributing to easing traffic pressure on Ring Road No.3.

The Ring Road No.4 which will pass through 14 districts of the localities with a total length of around 98km. The new ring road will require a budget of VND105 trillion (US$4.5 billion), which could go up to VND135 trillion ($5.8 billion) if it is built entirely as viaducts, the plan estimates. Site clearance may cost the project around VND25 trillion ($1.1 billion).

The consortium suggest that the prime minister approve the viaduct option, similar to Elevated Ring Road No. 3. As public budget would not be able to cover the entire cost, the consortium will look into funding the project through public-private partnership (PPP) sources.

By L.B

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