The Hanoi People’s Committee has submitted a proposal to the Hanoi People’s Council, seeking approval for adjustments to the investment policy of the Tran Hung Dao Bridge construction project under the Public-Private Partnership (PPP) model.
The selected architectural design for Tran Hung Dao Bridge, provided by the organizing committee.
Accordingly, the Hanoi People’s Committee proposes adjusting the Tran Hung Dao Bridge project to a total length of approximately 4.18 km. The starting point is the Tran Hung Dao – Tran Thanh Tong – Le Thanh Tong intersection in Cua Nam and Hai Ba Trung wards. The endpoint connects to Nguyen Son Street in Long Bien and Bo De wards.
The preliminary total investment is estimated at 16,226 billion VND. Previously, the project was approved with a total length of approximately 5.6 km and an investment of around 15,967 billion VND.
The Hanoi People’s Committee also proposes adjusting the component project allocation. Specifically, the land clearance group includes three projects, with the ward People’s Committees acting as investors.
For the construction component group, Component Project 2.2—the Tran Hung Dao Bridge construction—will be implemented under the PPP model, using a Build-Transfer (BT) contract with land fund payments. The preliminary payment method involves four land areas totaling approximately 680 hectares.
The proposal is expected to be reviewed and approved by the Hanoi People’s Council during the special session scheduled for September 23.
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