Hanoi resumes delayed projects
Hanoi will take over three delayed transport projects from the Ministry of Transport to speed up efforts in curbing traffic jams in the city. (Photo: cafef.vn)
will take over three delayed transport projects from the Ministry of Transport
to speed up efforts in curbing traffic jams in the city.
The three projects are the
Le Van Luong Tunnel on the city’s Ring Road No 3, the Me So Bridge Project
crossing the Hong River and connecting Phap Van-Cau Gie Expressway with Hanoi-Hai
Phong Expressway, and the interchange between Phap Van-Cau Gie expressway and
Ring Road No 3.
According to the ministry,
investment was planned for the projects but had failed to materialise due to a
shortage of funds.
The Le Van Luong Tunnel,
designed to incorporate four lanes over a width of 19.1m, requires investment
of 547 billion VND (24 million USD). It is part of projects on Ring Road No 3
that are developed using Japan’s overseas development assistance (ODA).
However, the tunnel project is ineligible to receive the ODA disbursement
because it has been implemented late.
The Me Tri Bridge, 1.5km
long and 16m wide, requires investment of 4.5 trillion VND (198 million USD).
The bridge should have been built under a Built-Operate-Transfer (BOT) contract
but the BOT investor refused to continue the project.
The interchange between Phap
Van-Cau Gie Expressway and Ring Road No 3 needs investment of 800 billion VND (35.2
million USD) but the ministry failed to find sufficient funding.
Vice Chairman of Hanoi
People’s Committee Nguyen The Hung said that the project on completing the
interchange between Phap Van-Cau Gie Expressway and Ring Road No 3 included two
bridges crossing Linh Dam Lake and two approaching roads to the viaduct.
The bridges and the
approaching roads, once completed, could help reduce traffic congestion at the
southern gate of Hanoi.
“The city will use its
budget to build the two bridges and the approaching roads this year,” Hung
Meanwhile, the city would
call for investment, especially from the private sector, for the other two
projects taken from the transport ministry.-VNA