On September 3, the Hanoi Traffic Construction Investment Project Management Board (Project Management Board) signed a BOT contract for component project 3: investment in the construction of the expressway under the PPP method under the Ring Road 4 - Capital Region project.
To ensure the construction progress according to the instructions, Mr. Ngo Ngoc Van, Director of the Project Management Board, requested investors and project enterprises to urgently carry out preparations to comply with the provisions of law.
In the coming time, investors and project enterprises are requested to focus on mobilizing capital, speeding up the selection of construction contractors for construction on the entire route. Especially for large bridges across the Red River and Duong River such as the Hong Ha, Me So, Hoai Thuong bridges and interconnecting intersections to connect the entire parallel road.
Along with that, the leaders of the Project Management Board also requested relevant departments and branches to continue to support the management and implementation of BOT contracts and have instructions and reports to competent authorities to promptly handle difficulties and problems in the implementation process.
The Component project 3 of the central expressway, the backbone of the Ring Road 4 Project, is about 113.5km long, 17m wide, large bridges across the river are 24.5m wide, phase 1 has 4 lanes across.
The entire route has 13 elevated sections with a total length of about 82km; arranged 3 large bridges across the river including Hong Ha, Me So, Hoai Thuong, 8 intersections and completed 1 intersection.
The total investment of component project 3 is nearly VND 56,300 billion, of which the State budget capital accounts for 47.5%, the rest is the capital of the investor consortium. The construction period according to the signed contract is 30 months.
Previously, in June 2025, the Hanoi People's Committee issued a decision approving the results of selecting investors to implement component project 3 - investment in the construction of expressways under the public-private partnership method under the Ring Road 4 project - Hanoi Capital Region.
The winning investor is the joint venture City Land - Sunflower - VEC - Horizon (City Real Estate Investment Company Limited - Saigon Huong Duong Flowers Company Limited - Vietnam Expressway Development Investment Corporation - Horizon Investment Joint Stock Company Limited); BOT contract type.
