On January 5, 2025, Sunshine Group held a groundbreaking ceremony for the construction of the road connecting Hoang Quoc Viet extended road. The project is implemented in the form of public-private cooperation with 100% socialized capital, and is expected to complete nearly half of the route after 3 months of site clearance and construction.
Socialize 100% of traffic infrastructure projects
In recent years, the public-private partnership model has been a correct policy of the Party and the State to remove bottlenecks in investment in infrastructure, especially transport infrastructure, to promote economic growth, reduce pressure on the State budget, and avoid wasting national resources. The private economic sector and especially large corporations have demonstrated clear advantages in accelerating implementation progress thanks to flexibility in capital use and governance mechanisms, promptly resolving urgent infrastructure needs to create a driving force for socio-economic development, contributing to increasing the competitiveness of the national economy.
Accordingly, in the context that the route connecting Hoang Quoc Viet Street has been delayed for more than 10 years, Sunshine Group has been assigned to implement nearly half of the route in the form of 100% socialization, with a total investment of 200 billion VND. Committed to speeding up the progress in the shortest time, this Group is expected to complete site clearance and construction in just 3 months, ensuring the best quality according to current technical standards.
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Infrastructure “boost”, shortening the distance from Ring Road 4 to the inner city core
The road connecting the extended Hoang Quoc Viet road is a level 1 inter-regional urban road according to the regulations of the Ministry of Construction, with a cross-section width of 40m, along with a synchronous technical infrastructure system. The project was started in 2009 but has not yet been synchronously connected to the route.
With socialized resources and implementation capacity from large-scale private enterprises such as Sunshine Group, the completed route will contribute to the development of synchronous and modern traffic infrastructure, increasing connectivity from the Western Ring Road 4 of the capital to the inner city core.
At the same time, in combination with the State’s public investment projects in the fields of infrastructure and urban areas, it contributes to creating jobs and income for tens of thousands of workers, as well as opening up opportunities for socio-economic development in the area around the West Thang Long axis, with the vision of becoming a dynamic and modern economic center of the Capital in the near future./.
