The Hanoi People's Committee will prioritize the implementation of the Tu Lien Bridge project and the Van Cao - Hoa Lac urban railway. These are two projects in the list and investment level of group A with a total investment of about 85,000 billion VND.
Hanoi Traffic: Red Light... Still Go
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| Perspective of Tu Lien bridge built in cable-stayed form. |
Hanoi is reviewing projects that need to be implemented soon to complete infrastructure and reduce traffic congestion. Accordingly, the two priority projects are the Tu Lien bridge project and the Van Cao - Hoa Lac urban railway, with a total investment of about VND85,000 billion.
These are two key projects that have been planned by the Prime Minister for many years. Due to difficulties in capital mobilization, these projects have only stopped at the stage of researching investment options.
To soon implement the project, the City People's Committee has assigned the Department of Transport to coordinate with the Pacific Construction Group (China) and the Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) to cooperate in researching and investing in the construction of a number of key projects in the area, including the two projects mentioned above.
Regarding the Tu Lien bridge project, according to the memorandum of understanding, the project includes investment in the construction of Tu Lien bridge and the road from Tu Lien bridge to Hanoi - Thai Nguyen expressway, the project has a total preliminary investment of about 20,000 billion VND. The total length of the route is about 11.5km from Nghi Tam intersection (Tay Ho district) to Ring Road 3 intersection (Hanoi - Thai Nguyen expressway); construction of Tu Lien bridge with a length of 2.924km, of which the main bridge is 1km long, the cross-sectional scale according to the planning ensures 6 lanes for motor vehicles, 2 mixed lanes and 2 pedestrian lanes...
Regarding the investment project to build urban railway line No. 5, Van Cao - Ngoc Khanh - Lang - Hoa Lac section, according to the memorandum of understanding, the project has a standard scale of double track, electrification with a length of 38.43km (including 6.5km underground, 2km elevated and 29.93km above ground), 21 stations and 2 depot areas, the total investment of the project is about 65,000 billion VND. The total investment of both projects is about 85,000 billion VND.
The representative of the City People's Committee said that in the previous investment research plan, both projects proposed to mobilize capital in the form of PPP and BT contracts. However, after the PPP Law was issued, the BT investment form no longer exists, so the City is currently looking for ways to invest capital for the two projects.
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