Deputy Prime Minister Tran Hong Ha has asked relevant localities and agencies to urgently choose investors for the sub-project No.3 of the Ring Road No.4 in the Hanoi capital region to kick off its construction in the fourth quarter of this year.

Sub-project No. 3 has total investment of more than VND56.2 trillion ($2.34 billion) and is one of seven sub-projects within the Ring Road No. 4 project. It will be conducted under the Public-Private Partnership (PPP) model.

The Ring Road No. 4 has a total length of 112.8 km, running through Hanoi and its two neighboring provinces of Hung Yen and Bac Ninh,  and covers a combined 1,341 ha,  with total cost estimated at over VND85.8 trillion ($3.6 billion).

The project is scheduled for completion by 2026 and to open to traffic by 2027.

In the initial period, the link will have four lanes with a roadbed width of 17 meters, allowing a maximum speed of 100 kph. It will have six lanes upon full completion.

Once opened to traffic, the project is expected to improve connectivity between Hanoi and northern provinces and support socio-economic development in the entire northern region, with Hanoi being the main driver of growth.