Ring Road 4 project reduces investment capital by more than 2,100 billion VND

This morning (October 3), Deputy Prime Minister Tran Hong Ha worked with the People's Committee of Hanoi, the two provinces of Hung Yen and Bac Ninh and ministries and branches on the implementation of the investment project to build Ring Road 4 - the Capital region.

According to the report at the meeting, Ring Road 4 - Capital Region has a length of 112.8 km, passing through Hanoi (58.2 km), Hung Yen (19.3 km), Bac Ninh (25.6 km). The total preliminary investment is 85,813 billion VND.

Overview of the working session.

The project is implemented in 7 component projects, operated independently by the People's Committees of 3 provinces and cities assigned as the managing agencies.

Specifically, 3 component projects implement compensation and resettlement support in each province and city using public investment capital (component projects 1.1, 1.2 and 1.3); 3 component projects invest in the construction of parallel roads in each province and city using public investment capital (component projects 2.1, 2.2 and 2.3); Component project 3 invests in the construction of the expressway system under the public-private partnership method.

"After Hanoi reviews, harmonizes, balances and agrees with the two provinces of Hung Yen and Bac Ninh, the total investment of the Ring Road 4 project - Capital region will decrease by about 2,129 billion VND compared to the preliminary total investment," the report mentioned.

Component project 1.1 (land clearance in Hanoi) decreased by 650 billion VND; Component project 3 decreased by 3,319 billion VND; Component project 1.2 (land clearance in Hung Yen province) increased by 600 billion VND; Component project 1.3 (land clearance in Bac Ninh province) increased by 1,240 billion VND.

Leaders of the People's Committees of Hung Yen and Bac Ninh provinces said that they will arrange local budgets to supplement additional capital for two component projects 1.2 and 1.3.

The Hanoi People's Committee proposed to transfer the reduced capital in component project 1.1 to invest in a number of connecting branches at 5 intersections and 2 overpasses to ensure the smooth operation of parallel roads in Hanoi.

In addition, Hanoi proposed a public investment sub-project to build the Hong Ha, Me So, Hoai Thuong bridges and some sections of the Component 3 project, so that in case the Component 3 project is not completed, it can still ensure connectivity to the entire parallel route.

Deputy Prime Minister Tran Hong Ha.

Concluding the meeting, Deputy Prime Minister Tran Hong Ha requested localities to promote a proactive and flexible spirit in handling issues related to adjusting investment capital levels for component projects of Ring Road 4 - Capital region in accordance with their authority.

For component project 3, the Deputy Prime Minister assigned the Hanoi People's Committee to continue reviewing and clarifying the structure of the participation rate of State capital (including public investment sub-projects to build bridges and some sections of routes).

The Hanoi People's Committee was also asked to work and agree with the two provinces of Hung Yen and Bac Ninh to propose transferring the reduced central capital in component project 1.1 to component project 3.

Following the direction of the Deputy Prime Minister, the Ministry of Transport clarified the consultant's responsibility when determining the area to be recovered and cleared for the project was not accurate and complete, leading to a major adjustment in funding.

Source: https://www.baogiaothong.vn/du-an-vanh-dai-4-giam-hon-2100-ty-dong-von-dau-tu-192241003122903537.htm