|The Municipal People's Committee last Tuesday approved the construction of a 5-km flyover along the Ring Road 2 in the south of the city.— File Photo
HA NOI (VNS)— The Municipal People's Committee last Tuesday approved the construction of a 5-km flyover along the Ring Road 2 in the south of the city.
Committee vice chairman Nguyen Van Khoi said the project would be developed under the build-transfer (BT) form with a total investment capital of about VND4.76 trillion (US$226.7 million).
Vingroup (formerly Vincom Joint Stock Co) suggested to the Government and local authorities in late 2010 that they build the flyover.
This was at a time when Ha Noi had approved schemes to build flyovers in ring road areas where site clearance was difficult.
Prime Minister Nguyen Tan Dung initially approved the plan in 2011, following recommendations from the ministries of Construction and Transport.
The new road, expected to be 19m wide and 10m above the ground, would connect Vinh Tuy Bridge and the Nga Tu So interchange. It would pass over the districts of Thanh Xuan, Dong Da, Hai Ba Trung and Hoang Mai.
About 10.4ha of land would be needed for the project, which could begin in this year and be completed by 2016.
Early this month, the Prime Minister asked the city to assign another project to Vingroup to carry out simultaneously to enable it to recover capital spent on building the flyover.
The committee has assigned 226ha of land for the company to build an urban residential area and some other developments in Sai Dong A area, Long Bien District.
According to the People's Committee chairman, Nguyen The Thao, the flyover is among 37 key projects to be developed in the city by 2015. — VNS