|Nguyen Chi Dung, Minister of Planning and Investment presented the investment plan for both belt roads |
Minister Dung said that the Belt Road 4 project around Hanoi and Belt Road 3 around Ho Chi Minh City link the regions, promote the development of urbanisation, and have great significance for socioeconomic development.
These projects were planned initially planned to be constructed in 2011-2020; however, due to various reasons, both projects were delayed.
The two roads are meant to shorten transport distances, facilitate traffic connections with provinces and cities, reduce the load on the radial traffic system of Hanoi and Ho Chi Minh City, and promote investment efficiency for ongoing projects as well as create new room for the development of available land.
Belt Road 4 around Hanoi has a total length of about 112.8 km. Belt Road 3 surrounding Ho Chi Minh City has a total length of 76.34km.
Minister Nguyen Chi Dung also emphasised the contents of the preliminary design plan, on-site clearance, resettlement, and other related information.
As important national projects, in order to soon complete the both of them, the government proposed to the National Assembly to consider and decide on investment policies for the two projects.