HANOI APPROVED ELEVATED ROADS, VINGROUP AWARDED TWO BIG PROJECTS

Elevated Ring Road 2 project has a connecting point with the south of Vinh Tuy bridge.

On August 27, Hanoi People's Committee officially issued a decision approving the project to build an elevated road along Ring Road 2, the section from Vinh Tuy Bridge to Nga Tu So in the form of a BT contract.

Investment capital is more than VND 4,700 billion.

Accordingly, on the basis of the direction of the Prime Minister and related departments, branches and units, Vice Chairman of the City People's Committee Nguyen Van Khoi signed Decision No. 5159/QD-UBND, officially allowing the implementation of the project in the form of a build-transfer (BT) contract.

The total investment of the project is expected to be more than VND 4,765 billion, from the investor's equity and other cooperatively mobilized capital. However, out of the above VND 4,700 billion, only more than 3,200 billion is the project construction cost, and more than 1,400 billion is the provision expense.

The elevated road project along Ring Road 2 will have a length of 5.08 km, with the starting point at the south of Vinh Tuy bridge, the end point contiguous to Nga Tu So intersection, on Truong Chinh street.

The main items invested in the project include the main bridge 19m wide and the leading bridge 7m wide; bridge branches connect with the roads below at the locations: Vinh Tuy bridgehead, Nga Tu Vong intersection, Nga Tu So intersection.

The elevation of the bridge deck is about 10m from the road below, ensuring the clearance of the road below for the normal section is about 11-12m, especially the section from the beginning of the route to Mai Dong bridge has the bridge deck level higher than the road below about 10m.

The land use area for the project implementation is about 10.4 hectares within the red line of Ring Road 2, section Nga Tu So - Nga Tu Vong - Vinh Tuy bridge.

The elevated road will be connected to the lower route at three locations: the section connecting to the Vinh Tuy bridgehead is about 200m long, with separation points to enter the vehicle flow. Construction/reinforced retaining wall, reinforced concrete retaining wall and wheel ledge.

At the intersection of Nga Tu Vong, the overhead bridge connects to the road below by 4 branches leading up and down clamping on both sides of the main bridge, the main bridge crosses the existing Vong bridge and urban railway No. 1 Yen Vien. - Ngoc Hoi.

At the intersection of Nga Tu So, the elevated route connects to the lower road by two up and down bridge branches clamping on both sides of the main bridge.

Regarding the project progress, the City People's Committee has set a implementation time of 48 months from the date of handing over the site, expected from 2013 to 2016.

Vingroup gets two big projects

Regarding the capital recovery plan, although the decision of the Hanoi People's Committee did not specify the identity of the investor implementing the project, according to the decision of the Prime Minister in early August 2013, allowing Hanoi to consider and choose to assign another project to Vingroup - the investor implementing the overhead road project, to carry out at the same time when this group carries out the above project - can understand that, Hanoi People's Committee has selected two locations to "exchange land for infrastructure" with Vingroup.

In the decision signed on August 27 above, the City People's Committee allows investors to exploit the 96-hectare land fund in Sai Dong A area, Long Bien district and to study the planning and implementation of the project of a new urban area on the land, including the plot of land marked A4, a part of the land area marked A8 with a scale of about 130 hectares belonging to the planning project of subdivision S1 to implement other projects to recover investment capital for BT works, according to current state and city regulations.

However, Vice Chairman Nguyen Van Khoi also assigned the Department of Transport to review the capacity of the investor appointed by the city to ensure that it meets the requirements of the approved project.

In December 2010, Vincom Joint Stock Company, now Vingroup, sent a document to the Prime Minister and Hanoi People's Committee proposing to be the investor of the above-mentioned elevated road project in the form of BT.

At that time, according to Vingroup, the purpose of this project was to relieve traffic jams for the southern area of ​​Hanoi, especially many road sections and areas from the Ring Road 2 onwards.

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