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 a timeline of 2018-2020, has not been completed even after four years.
According to the Hanoi Statistics Office, as of Q3 2024, the project has disbursed only 37.8% of the allocated capital.
The second project, also managed 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, with a total investment of VND 5,200 billion and a completion date of 2026, was started in October 2023. After a year of construction, only 8.6% of the allocated capital has been disbursed.
The third project is the expansion of National Highway 6, the only gateway to the Hanoi inner city that has not been invested in or expanded. After receiving priority funding 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 that needs to be expedited to reduce congestion and improve infrastructure in the western area of the capital.
However, with half of the construction time elapsed (from 2022 to 2025), the road is far from completion, and the construction site remains inactive.
According to the Hanoi Statistics Office, the project has been allocated sufficient funds for the investor, the Hanoi Transport Project Management Board, but as of Q3 2024, only 8.8% of the allocated capital has been disbursed.
