The investment project to build a traffic intersection between Bui Vien street and Le Hong Phong street has a total investment of 785.986 billion VND, using city budget capital, implementation time from 2024-2027. The project does not have to carry out site clearance.
To date, the contractor has demolished existing structures reaching 10,461.1/13,711.95m3; excavated the roadbed foundation 26,811.5/113,833.63m3; constructed cement piles 110,278.31/110,278.31m; tunnel concrete 726.2/21,749.15m3; tunnel steel 59.65/2,177.45 tons. The completed value reached 66.413/518.169 billion VND, equivalent to 14% of the contract value.
Regarding disbursement, the project disbursed 131.071 billion VND, reaching 55.38% of the annual capital plan; accumulated allocated capital reached 386.695/707.1678 billion VND (54.68% of total investment), accumulated disbursement reached 283.699/386.695 billion VND, equivalent to 73.37% of the capital plan.
According to the Management Board, the project is facing difficulties due to high material prices, scarcity of supply and the impact of heavy rain weather, and also generating a large volume of excavated material during the process of treating weak soil foundations and constructing tunnel sections. The Project Management Board has issued document No. 1029/BQL-DA1 dated July 6, 2026, reporting to the City People's Committee on the policy of management, coordination, and reuse of excavated material and requesting early approval for implementation.
As for the investment project to build a traffic intersection between Bui Vien street and Vo Nguyen Giap street with a total investment of 675.011 billion VND, it has now completed the relocation of technical infrastructure works on the route and treated weak soil foundation with cement pile soil; is deploying excavation and dismantling of existing structures, pouring concrete into tunnel sections and ensuring traffic safety. The estimated completed value is 100.941/467.651 billion VND, equivalent to about 21.58% of the contract value.
Similar to the Bui Vien and Le Hong Phong intersection project, the project mainly faces difficulties due to sharp increases in material prices and scarce supply, while the contract is based on fixed unit prices; The Project Management Board proposed considering applying force majeure clauses to adjust unit prices for construction volume from March 1, 2026. Regarding disbursement progress, in 2026, the project was allocated VND 280.818 billion, with disbursement of VND 167.437 billion, reaching 59.62% of the annual capital plan; accumulated disbursed capital reached VND 433.449/675.01077 billion (63.82% of total investment), accumulated disbursement reached VND 320.068/433.449 billion, equivalent to 73.84% of the capital plan.
According to the report of the Hai Phong Transport Construction Investment Project Management Board, the implementation of projects to date basically ensures progress according to the set requirements.
Inspecting the reality at key construction projects on July 11, Chairman of Hai Phong City People's Committee Do Thanh Trung requested the Project Management Board, heads of relevant departments and branches and local authorities to strengthen close coordination, proactively review and thoroughly resolve difficulties and obstacles arising during the implementation process; drastically urge construction progress and ensure the disbursement rate of public investment capital in accordance with the set plan.
According to the report of the Hai Phong Transport Construction Investment Project Management Board, the implementation of projects to date basically ensures progress according to the set requirements.
