Ho Chi Minh City will spend nearly VND12,000 billion to build a strategic road connecting 4 surrounding provinces

The Ho Chi Minh City People's Committee has just submitted to the Ho Chi Minh City People's Council a proposal to issue a resolution agreeing on the policy of implementing the investment project to build Ho Chi Minh City Ring Road 4.

This route has a total length of about 207 km, passing through 5 provinces, including: Ho Chi Minh City (16.7 km), Binh Duong (47.95 km), Dong Nai (46.08 km), Ba Ria - Vung Tau (18.23 km), Long An (78.3 km) - of which a 3.8 km section is located in Ho Chi Minh City but is part of Long An's investment.

Notably, the section through Binh Duong province will be implemented as an independent project according to the resolution of the Provincial People's Council.

The remaining sections, passing through Ho Chi Minh City, Dong Nai, Ba Ria - Vung Tau and Long An, will be combined into a comprehensive project to submit to the National Assembly for consideration and approval of the investment policy.

The total length of this project section is 159.3 km with a total estimated investment of about VND 122,774 billion, under the form of public-private partnership (PPP), specifically a BOT (build - operate - transfer) contract.

The investment capital structure includes: The central budget supports about VND 31,033 billion; the local budget is more than VND 38,631 billion and the BOT capital called for from the private sector is about VND 53,109 billion.

As for the local budget, in the period of 2021 - 2025, Ho Chi Minh City plans to allocate about 2,054.83 billion VND, Long An province 20.81 billion VND, Dong Nai is 55.4 billion VND, while Ba Ria - Vung Tau does not allocate capital in this period.

In the period of 2026 - 2030, Ho Chi Minh City will continue to allocate about VND9,929 billion, Long An more than VND9,979 billion, Dong Nai 12,324 billion VND and Ba Ria - Vung Tau 4,268 billion VND.

To complete the dossier to submit to the National Assembly for decision on the project investment policy, the Ho Chi Minh City People's Committee submitted to the Ho Chi Minh City People's Council for consideration and issuance of a resolution agreeing on the policy of implementing the Ho Chi Minh City Ring Road 4 project; policy to ensure the balance of nearly VND 12,000 billion from the budget to participate in the project.

According to the Ho Chi Minh City People's Committee, when completed, Ho Chi Minh City Ring Road 4 will not only help connect the Southeast region with the Southwest and Central Highlands but also open up new development space, effectively exploit land funds, create momentum to promote industry, urban and logistics.

This route will help optimize the circulation of goods between industrial parks, urban areas and seaports, especially connecting to Long Thanh International Airport.

In addition, Ring Road 4 also creates favorable conditions for vehicles from National Highway 13 and National Highway 22 to access ports on the Long An side and Hiep Phuoc Port (HCMC).

This is also an important connecting route between Binh Duong and Long Thanh airport, adding an additional direction of travel outside Ring Road 3 and Ho Chi Minh City - Long Thanh Expressway.

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