Construction of component project 3 (expessway) of the Capital Region Ringroad 4 was started on September 6 in Hanoi.

The expressway will span approximately 113.5 km with a width of 17 m,  large river-crossing bridges being 24.5 m wide, and the first phase featuring 4 lanes.

The entire ringroad includes 13 elevated sections totaling about 82 km in length. There will be three major river-crossing bridges over the Hong Ha, Me So, and Hoai Thuong rivers, along with 8 new interchanges and the completion of 1 existing interchange.

The total investment for Component Project 3, as approved, is nearly VND56.3 trillion  (over $2.13 billion), with state budget capital accounting for 47.5% and the remaining coming from the investor consortium. The construction period stipulated in the signed contract is 30 months.

The Hanoi Transport Project Management Board and a consortium of investors have officially signed the Build-Operate-Transfer (BOT) contract for Component Project 3, which involves the construction of an expressway under the Public-Private Partnership (PPP) model, as part of the Capital Region Ringroad 4 project.

According to Mr. Ngo Ngoc Van, Director of the Project Management Board, the signing of this contract marks the starting point for the implementation of the BOT agreement.

The investment project for the Capital Region Ringroad 4 in Hanoi was approved by the National Assembly via Resolution No. 56/2022/QH15 on June 16, 2022, and the Government subsequently issued Resolution No. 106/NQ-CP on August 18, 2022, for its implementation.

This is a key national project with significant regional connectivity, linking Hanoi with expressways and radial arterial roads, connecting the city with neighboring provinces. It holds immense importance for the socio-economic development of Hanoi and the provinces within the Capital Region and the Red River Delta.