A section of Ring Road No.3 in Hà Nội. VNA/VNS Photo

HÀ NỘI — Prime Minister Phạm Minh Chính on Tuesday chaired a meeting with representatives of ministries, sectors and of Hà Nội, Bắc Ninh and Hưng Yên on the investment policy for the Ring Road No.4 project in the Hà Nội Capital Region.

The PM held a similar meeting on January 15 with ministries, sectors and HCM City, Long An, Đồng Nai, Bình Dương and Bà Riạ-Vũng Tàu on the investment policy of Ring Roads No.3 and 4 of HCM City.

At the meetings, PM Chính underlined that the projects were of significant importance to the socio-economic development of localities in the Capital Region and southern region.

They would create a new development space for Hà Nội, HCM City and surrounding localities, helping foster regional economic connections, meeting increasing travel demand, connecting roads to the cities’ centres and expanding land for development and reducing logistics costs, thus attracting more investors and improving local living conditions, he said.

The PM asked relevant ministries, sectors and localities to complete dossiers of Ring Road No.4- Hà Nội Capital Region and Ring Road No.3 of HCM City and submit to the Government in February and authorised agencies in early March.

He ordered the formation of a working group led by the Chairman of the Hà Nội People’s Committee to serve the implementation of Ring Road No.4- Hà Nội Capital Region, and another by the Chairman of the HCM City People’s Committee to cover the Ring Roads No.3 and 4 of HCM City. The two groups will consist of representatives from relevant ministries, sectors and localities and run under the direction of Deputy PM Lê Văn Thành. —VNS