Beltway 4 – new driving force for Hanoi development to be built

Investors will be able to join the Beltway 4 project as it is planned to be built under the public-private partnership (PPP) format to become a new driving force for Hanoi's development and boost regional linkages.

Investors will be able to join the Beltway 4 project as it is planned to be built under the public-private partnership (PPP) format to become a new driving force for Hanoi's development and boost regional linkages.

  

The signing between the Ministry of Transport, Hanoi, and other provinces

The Ministry of Transport (MoT) signed an agreement with Hanoi and the provinces of Bac Ninh, Hung Yen and Bac Giang on May 6 on the development of Beltway 4. They agreed to submit the investment plan to the government soon.

The sides agreed to propose the prime minister to permit Hanoi to represent the localities in selection of capable investors in line with the prevailing rules.

They will also propose the government to provide funding for localities for the development of the project, especially to support land compensation and site clearance.

Hanoi Party Committee Secretary Dinh Tien Dung said that the Beltway 4 project will soon be built to improve regional transport infrastructure and facilitate development and develop regional linkagess in all fields, thus spurring social-economic development in the region.