Sub-project No.3 of Ring Road No. 4 in the Hanoi Capital Region is expected to secure approval in September, according to the Ministry of Transport (MoT).

The Hanoi People’s Committee has submitted a feasibility study on the sub-project to the State Appraisal Council and the Ministry of Planning and Investment for appraisal.

Nearly two months after construction of Ring Road No. 4 around Hanoi began, over 86 per cent of ground has been handed over to investors for the project implementation.

Sub-project No. 3 has total investment of over VND56.5 trillion ($2.39 billion) and will be implemented under the public-private partnership (PPP) model.

It is one of seven sub-projects within the Ring Road No. 4 project.

The Ring Road itself has a total length of 112.8 km and covers a combined 1,341 hectares. Total investment is estimated at over VND56.5 trillion ($2.39 billion).