Hanoi has proposed an investment of VND22.8 trillion (USD991.37 million) to carry out part of project Belt Road 4.
The city plans to invest around VND19 trillion into the project between 2021 and 2025, while the remainder will be used for the 2026-2030 period.
According to the Hanoi People’s Committee, the 112.8 kilometre Belt Road 4, would cost VND85.8 trillion.
It is divided into seven sub-projects, starting at Noi Bai-Lao Cai Expressway in Hanoi’s Soc Son District and ending at Noi Bai-Halong Expressway in Bac Ninh City’s Nam Son Commune. The section through Hanoi is 58.2 kilometres long, with 19.3 kilometres through Hung Yen and 25.6 kilometres through Bac Ninh.
Up to 65 percent of the four-lane route will be elevated.