According to the committee’s report, presented to the ministries of Transport, and Planning and Investment, the bridge is expected to cost over 4.8 trillion VND (over 213 million USD) and will be built under a build-operate-transfer (BOT) contract.
This was done, following a proposal of Phuong Thanh Investment and Transport Construction Joint Stock Company and Nguyen Minh Investment and Infrastructure Development Joint Stock Company.
The Me So Bridge over the Hong (Red) River and two bridge approaches span a total length of 13.8km and 17m wide, running from an interchange with National Highway 1 to an intersection with the Hanoi-Hai Phong Expressway in Van Giang District of Hung Yen Province.
The bridge and approaches will form part of Hanoi’s Ring Road No 4.
The time of payback is expected to be about 22 years and 11 months.
The project is aimed at strengthening the connectivity between the two expressways of Phap Van-Cau Gie and Hanoi-Hai Phong, to reduce traffic towards the capital city’s inner area and boost the economic development of Hanoi, Hung Yen and neighbouring provinces.
In 2015, the authorities of Hanoi City and Hung Yen Province agreed with the Ministry of Transport over reporting the project to the Prime Minister in order to seek investment approval, under which the transport ministry will be responsible for implementing the project.
But since then, no progress has been made on the project.
At a meeting last month, the ministry agreed that the Hanoi municipal government will take charge of the Me So Bridge project.
