The investment projects Me So and a road of 2 bridgeheads in the form of BOT contract that Hanoi wants to build will have a total investment of about $222.3 million.
Specifically, the People’s Committee of Hanoi has reported to the Ministry of Transport, Ministry of Planning and Investment about the investment project Me So and a road of 2 bridgeheads in the form of BOT contract that Hanoi wants to build. The project will have a total investment of around $222,3 million with a projected payback period of 22 years and 11 months.
This project is based on the proposal of Phuong Thanh Investment Construction and Transport Joint Stock Company and Nguyen Minh Infrastructure Development and Investment Joint Stock Company.
Accordingly, this partnership proposed to build a project with a length of about 13.8km, width (phase 1) is 17m. Project head (Km0) is the intersection of National Highway 1A with ring road 4 in Thuong Tin district, Hanoi. The endpoint of the project (km 13 + 176) is the intersection of Hanoi – Hai Phong expressway with ring road 4, Van Giang District, Hung Yen province. Location of the toll booth at the East Me So Bridge (about 9 + 400 km in Van Giang district, Hung Yen province).
The project to invest in the construction of Me So bridge and road of 2 bridgeheads are the belt section of Ring Road 4, the planning of Hanoi capital, the location in Hanoi city (the section from National Highway 1B to the end of Me So bridge) and Hung Yen province (after Me So bridge to Ha Noi – Hai Phong expressway belongs to Hung Yen province).
It is expected that after completion of the project, it will make a connection from Phap Van – Cau Gie highway to Ha Noi – Hai Phong expressway with the purpose of diversifying traffic and reducing traffic to the inner city area; increasing the efficiency of the two expressways, contributing to the socio-economic development of Hanoi, Hung Yen and neighboring provinces.
Previously, the People’s Committee of Hanoi and Hung Yen province agreed with the Ministry of Transport to report to the Prime Minister for approval of investment policy, implementation of the project.
However, from 2015 until now, the project has not been implemented. Recently, the Minister of Transport has agreed to assign the People’s Committee of Hanoi City as the authorized state agency to implement the project.
This year, Hanoi has announced that it will build four bridges spanning the Red River and the Duong River with the total investment of $1.73 billion, including Tu Lien Bridge (3km long, total investment of $773 million), Duong 2 Bridge (0.5km long, total investment of $273 million), Tran Hung Dao Bridge (3km long, total investment of $381,2 million) and Giang Bien bridge (5.4km long, total investment of $363,6 million).
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