|The 98km Ring Road No 4 connects Ha Noi and the two nearby provinces of Hung Yen and Bac Ninh. — Photo Vnmedia.vn
HA NOI (VNS) — The transport ministry has received a proposal to build a 15km stretch of Ring Road 4 on a BOT (build-operate-transfer) basis.
The 15km stretch connects the Phap Van–Cau Gie Expressway and Ha Noi–Hai Phong Expressway.
The proposal was submitted by the T&T Group's Joint Stock Company and Phu My Infrastructure Construction Company.
The estimated VND4.5-trillion (US$210 million) stretch, which is expected to be the arterial road to the south section of the city, will reduce traffic congestion in the area.
Under the plan approved by Prime Minister Nguyen Tan Dung in 2011, Ring Road No 4 will be 98km long, connecting Ha Noi and the two nearby provinces of Hung Yen and Bac Ninh.
The total investment of the road, scheduled to open by 2020, is estimated to be about VND66.5 trillion ($3.1 billion). — VNS