Vĩnh Tuy Bridge, VNA/VNS Photo

HÀ NỘI - The capital city is gearing up for the opening of the Vĩnh Tuy Bridge Project (phase 2), a vital endeavour promising to alleviate traffic congestion and enhance connectivity between districts in the eastern part of the city and its centre.

The bridge is set to open for traffic before September 2, thanks to the efforts of the city's People's Committee to expedite the disbursement of public investment capital for key projects.

The Vĩnh Tuy 2 Bridge project was initiated in January 2021 and received a total investment of over VNĐ2.5 trillion. With the final contract completed in May 2023, remaining tasks such as concrete balustrade installation, lighting and landscaping systems, tree planting, concrete carpeting, plastic works, and traffic organisation painting are in progress to meet the deadline for the bridge's opening.

Moreover, the city is also actively working on reorganising traffic, installing border dividers, and painting the Vĩnh Tuy Bridge (phase 1) to ensure a comprehensive and synchronised completion of the entire project before October 10.

In addition to the Vĩnh Tuy Bridge project, the Hà Nội People's Committee is prioritising the expedited progress of other crucial traffic projects. Among them is the Hà Nội Urban Railway Project, specifically the Nhổn-Hà Nội Station section, which spans over 12.5km, including 8.5km of elevated roads and 4km of underground tracks, with a total investment of VNĐ32.9 trillion.

As of present, the overall progress of the project stands at about 77.5 per cent, with the elevated stage reaching 99.4 per cent completion and the underground section reaching 33 per cent.

Another significant development is Ring Road 4 in the Capital Region, which has a total length of 112.8km, including 103.1km for Ring Road 4 and 9.7km for the route connecting Nội Bài-Hạ Long Expressway. The project is divided into seven component projects, and the estimated investment for phase 1 is about VNĐ85.8 trillion.

Construction of Ring Road 4 began on June 25, spanning three provinces and cities (Hà Nội, Hưng Yên, Bắc Ninh), and it is anticipated to be mostly completed by 2026 and operational by 2027.

Furthermore, the Ring Road 1 project's Hoàng Cầu-Voi Phục section (phase 1) covers a length of 2,274 metres, with a cross-section of 50 metres. The starting point intersects with Cát Linh-La Thành-Yên Lãng road at Hoàng Cầu (Đống Đa District), and the end point is the Voi Phục intersection (Ba Đình District).

Phase 1 of the project is allocated a budget of VNĐ 7.2 trillion, with construction costs amounting to VNĐ627 billion and site clearance costs at VNĐ5.8 trillion. Currently, the project has disbursed 19.5 per cent of the capital plan.

The Hà Nội People's Committee also highlighted the encouraging progress in managing state budget investments in July. The realised investment capital from the State budget managed by localities reached an estimated VNĐ4.5 trillion, representing an 8.8 per cent increase compared to the previous month and a 9.5 per cent increase compared to the same period in 2022.

For the first seven months of 2023, the investment capital realised from the State budget managed by the city amounted to VNĐ23.6 trillion, down 0.5 per cent compared to the same period last year, and reaching 45.7 per cent of the year's plan. VNS