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.
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| 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
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