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T&T Group is the only investor interested in the Ring 4 Hanoi project

The Ministry of Transport has just sent a report to the Government Office on the implementation of the project invest to build Ring Road 4 – Hanoi capital area.

Notably, the process of surveying investors’ interest with component 3 project (investment in building highways under the mode of public-private partnership – PPP) has been completed with the result that one investor The investor of interest is T&T Group Joint Stock Company.

T&T Group Joint Stock Company (T&T Group), formerly known as T&T Co., Ltd., was established in 1993 by businessman Do Quang Hien (also known as Bau Hien).

With the component project 3, the Ministry of Transport said that the feasibility study report has also been submitted by the Hanoi People’s Committee to the Prime Minister, the Ministry of Planning and Investment has appraised and reported to the Prime Minister. The Government established the State Appraisal Council.

For more information about the site clearance work, Hanoi city has completed and handed over the site clearance landmark for the entire 58.2km. The districts have completed the overall site clearance plan, identified the locations of the resettlement areas, established the Site Clearing and Resettlement Council, the counting work and the draft plan. is in progress.

Hung Yen province has done the work of planting landmarks for clearance and handing over to the People’s Committees of Van Giang, Khoai Chau, Yen My and Van Lam districts.

Conscious Bac Ninh also completed the site clearance landmark planting. Thuan Thanh, Gia Binh, Que Vo districts and Bac Ninh city have established Compensation, Support and Resettlement Committees and are carrying out procedures for site clearance (cadastral mapping surveying and mapping). , statistics on land owners, publicize maps of current status quo, etc.).

Events - T&T Group is the only investor interested in the Ring 4 Hanoi project

Component 3 project under the method of public-private partnership (PPP), with a total estimated investment of about 56,536 billion VND.

According to information from the Hanoi Traffic Construction Investment Project Management Board, in 2023, the department will focus on completing the procedures to strive to start the construction investment project of the 4-region Ring Road. Hanoi capital (an important national project) in June 2023, basically completed in 2026, put into operation from 2027.

Previously, Chairman of the City People’s Committee.Hanoi Tran Sy Thanh also signed and promulgated a plan to implement the investment project to build Ring Road 4 – Hanoi capital area.

The goal is to start construction of Ring Road 4 in June 2023, basically complete it in 2026, and put it into operation from 2027.

To achieve the above goal, Hanoi city is expected to hand over at least 70% of the site in June 2023 and complete all site clearance in December 2023.

Investment project to build Ring Road 4 – Hanoi Capital Region includes 7 component projects (3 projects of compensation, support and resettlement; 3 investment projects to build parallel roads (urban roads) ) in the form of public investment and 1 expressway construction investment project in the form of public-private partnership (PPP).

The project is invested with a total length of about 112.8 km, including: more than 103 km of Ring Road 4 and 9.7 km of the route connecting Noi Bai – Ha Long highway. In which, the route in the city area. Hanoi is about 58.2km; The section in Hung Yen province is about 19.3km; The section in Bac Ninh province is about 35.3km.

Total project investment is about 85,813 billion VND. In which, the central budget participating in the project is about 28,173 billion VND; The local budget is about 28,193 billion VND. BOT capital is about 29,447 billion VND.

Component 3 project alone has an estimated total investment of about 56,536 billion VND. In which, the central budget capital is about 18,313 billion VND; The local budget is about 8,776 billion VND; Investors mobilized capital is 29,447 billion VND.

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