The Belt 1 Project, Hoang Cau – Voi Phuc section, with the Civil Construction Investment Project Management Board of Hanoi as the investor, has been on hold for many years.
The project, with a budget of over VND 7,200 billion and implemented in the 2018-2020 period, has not been completed even after four years.
According to the Hanoi Statistics Office, by the end of Q3/2024, the project had disbursed only 37.8% of the assigned capital plan.
The second project, also invested by the Hanoi Civil Construction Investment Project Management Board, is the Thang Long Avenue extension from National Highway 21 to Hanoi – Hoa Binh Expressway, which is facing slow disbursement.
The project was started in October 2023, with a total investment of VND 5,200 billion and is expected to be completed by 2026. After a year of construction, only 8.6% of the assigned capital plan has been disbursed.
The third project is the expansion of National Highway 6, the only gateway to the inner city of Hanoi that has not been invested in or expanded. After receiving priority with a budget of VND 8,100 billion from the Hanoi People’s Council, the expansion project was started in December 2022.
At the groundbreaking ceremony, Mr. Tran Sy Thanh, Chairman of the Hanoi People’s Committee (in the small picture), emphasized that this is a key project, and it is necessary to expedite construction to reduce congestion and complete the infrastructure in the western area of the capital.
However, with half of the construction time passed (from 2022 to 2025), the road has not yet taken shape, and the construction site is always “cold.”
According to the Hanoi Statistics Office, the project was allocated enough budget for the investor, the Hanoi Transport Project Management Board, to implement. However, by the end of Q3/2024, only 8.8% of the assigned capital plan had been disbursed.
