Second elevated ring road opens to traffic

10/11/2020

VGP - The elevated section of Ring Road No. 2 from the NgaTu So intersection to the Vinh Tuy bridge was open to traffic on November 9, serving to reduce traffic congestion on roads downtown. 

The elevated section of Ring Road No. 2 from the NgaTu So intersection to the Vinh Tuy bridge

The road was built by Viet Nam's largest private conglomerate Vingroup under a Build-Transfer (BT) format, i.e. infrastructure in exchange for land.

Many experts believe that this is a typical BT project and proves that the involvement of the private resources in infrastructure development is the right direction for a mega city like Ha Noi.
The project started in April 2018 at a total cost VND9.5 trillion (US$404.5 million). 

The whole stretch is 5.1km long and 19m wide. Of the total, site clearance cost over VND4.19 trillion (US$180.3 million)./.

By Kim Anh