The site clearance work and resettlement areas for a section of the Ring Road No. 4 project in Hanoi are projected to cost VND13.4 trillion (US$561 million), according to the Hanoi People’s Committee.

The ring road project was planned to pass through Hanoi and the neighboring provinces of Hung Yen and Bac Ninh.

Hanoi People’s Committee chairman Tran Sy Thanh has approved the pre-feasibility report for a subproject on the compensation, site clearance, and resettlement areas, including expressway and parallel road systems, as well as infrastructure facilities, for the ring road project.

The capital for the subproject will be sourced from both the state and local budgets.

Of the total, nearly VND11.3 trillion ($473.6 million) will be used for compensation, VND530 billion ($22.2 million) for relocating high-voltage power transmission lines, VND960.9 billion ($40.3 million) for the construction of resettlement areas, VND7.58 billion ($317,901) for making the feasibility report, and VND611.2 billion ($25.6 million) for other costs.  

The investor for the subproject is the Hanoi Transport Construction Investment Project Management Board.

Some 812.07 hectares of land in seven districts — Ha Dong, Soc Son, Me Linh, Dan Phuong, Hoai Duc, Thanh Oai, and Thuong Tin — will be taken back to make room for the project.

Of the total, 39.28 hectares will be used to develop 13 resettlement areas in five districts, including Me Linh, Dan Phuong, Hoai Duc, Thanh Oai, and Thuong Tin.

The site clearance work is expected to be completed this year so that the entire subproject can be finished next year. 

The Ring Road No. 4 project in the Hanoi capital region will have a total length of 112.8 kilometers, with 58.2 kilometers in Hanoi, 19 kilometers in Hung Yen, and 25.6 kilometers in Bac Ninh, according to news site The Saigon Times.

The project includes seven subprojects, with three site clearance subprojects and three parallel road subprojects using public investment, and one expressway subproject being conducted under the public-private partnership model.

The beltway project requires an estimated investment of VND85.8 trillion ($3.6 billion). It has been in the works since 2022.

The first sod will be turn on the project in June this year so that it can be finished in 2026 and put into use in 2027, news site VnExpress reported.

Like us on Facebook or  follow us on Twitter to get the latest news about Vietnam!