The Belt 1 project, Hoang Cau – Voi Phuc section, with the Investment and Construction Management Board of Civil Engineering Works of Hanoi as the investor, has been suspended for many years.
The project, with a budget of over VND 7,200 billion and implemented in the period of 2018 – 2020, has not been completed after 4 years.
According to the Hanoi Statistics Office, by the end of Q3/2024, the project had disbursed only 37.8% of the planned capital.
The second project, also invested by the Hanoi Civil Engineering Construction Investment Board, is the Thang Long Avenue extension from National Highway 21 to Hanoi – Hoa Binh Expressway, which is also 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 planned 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 passed (from 2022 to 2025), the road has not yet taken shape, and the construction site always looks deserted.
According to the Hanoi Statistics Office, the project has been allocated enough budget for the Hanoi Transport Project Management Board to implement, but by the end of Q3/2024, only 8.8% of the planned capital has been disbursed.
