Ring Road 4 of the Capital Region is implemented in 7 component projects, of which component project 3 is the "backbone" including a 113km long expressway .
The project has a total investment of nearly 56,300 billion VND, of which the sub-project using state capital to support construction is about 26,700 billion VND, the part of the project using BOT investor capital is about 29,500 billion VND.
Hanoi has separated projects using budget capital including the construction of Hong Ha bridge, Belt 3 section from before the National Highway 6 intersection to the end of the Hanoi - Hai Phong expressway intersection (including Me So bridge); Hoai Thuong Bridge; The 9.7km section connects with Noi Bai - Ha Long expressway.
The remaining items will be implemented by investors using their own capital and credit capital in the form of public-private partnership PPP.
At the component 3 project on investing in the construction of a highway system according to the PPP public-private partnership method, the Hanoi Traffic Construction Investment Project Management Board said that it is coordinating with other agencies. related to completing bidding documents to select investors, expected to release bidding documents in August 2024.
In case there is a qualified investor participating in the bidding, by October 2024, the technical assessment, commercial financial assessment, appraisal and approval of investor selection results will be completed; In November 2024, the investor established a project enterprise and in December 2024 negotiated and signed a BOT contract.
Ring Road 4 passes through Hanoi 57km, Hung Yen 19km, Bac Ninh 27km and the connecting route in the direction of Noi Bai - Ha Long Expressway is about 9.7km.
Of which, the low section is about 32km long, the high section is over 80km long. The road has 6 lanes, a parallel road system on both sides, a green corridor, technical infrastructure and reserve land for the ring railway. The design speed of the route is 100 km/h.
The project will invest in building 8 complete intersections. Of which 5 nodes are in Hanoi; 2 nodes in Hung Yen province; 1 node in Bac Ninh province. At the same time, the project invests in building 7 up and down branches connecting to parallel roads on both sides.
Regarding investment progress, the Capital Region Ring Road 4 project is expected to be completed in 2026 and will be put into operation in 2027.
According to calculations by the Ministry of Planning and Investment, the toll collection time for the Ring Road 4 project is about 26.8 years.
The toll fee for Ring Road 4 as proposed by Hanoi City is about 1,900 VND/standard vehicle/km.
Completion of Belt 4 of the Capital Region will contribute to relieving traffic congestion, connecting provinces and creating new development space for the entire Capital region, including Hanoi, Hung Yen and Bac Ninh.
