The board reported that over 5.85 trillion VND (over 249.36 million USD) has been so far allocated for the project, of which more than 3.97 trillion VND has been disbursed.
The municipal People’s Committee has so far approved three sub-projects and completed the appraisal of the feasibility study report of specialised construction agencies. The local authorities have also allocated hundreds of billions of VND for the sub-projects.
The management board and consulting units completed the feasibility study report and submitted it to the municipal Department of Transport on May 29. The report is expected to be sent to the municipal People's Committee for consideration and then submitted to the Ministry of Planning and Investment and the State Appraisal Council before June 10, 2023.
The land clearance, compensation, and resettlement work in districts related to the project have recorded positive results.
The management board has completed the selection of consulting contractors for surveying and making technical design as well as cost estimation for the construction of high-voltage power transmission lines from 110kV to 500kV.
The surveying and technical design are scheduled to be completed before June 15, 2023, and submitted to the municipal Department of Industry and Trade for appraisal and approval in June and July 2023.
The Ring Road No.4 in the Hanoi Capital Region is about 112.8km long, with around 58.2km in Hanoi, nearly 19.3km in neighbouring Hung Yen and some 35.3km in Bac Ninh provinces.
The project has total investment of over 85.8 trillion VND (3.73 billion USD), more than 28.1 trillion VND of which will come from the State budget, over 28.19 trillion VND from the local budget and the remainder from build-operate-transfer (BOT) venture.