Investment capital for Ho Chi Minh City Ring Road 4 prioritizes capital mobilized from the PPP form (including the BT form). If the state budget participates, priority will be given to local capital sources.
The Ho Chi Minh City Department of Transport has just issued Document No. 14660/SGTVT-KH reporting to the Ho Chi Minh City People's Committee on the completion of the Pre-Feasibility Study Report for the Project to build Ring Road 4, Ho Chi Minh City.
According to the current report, the Department of Transport is coordinating with the consulting unit and related units to review the overall Pre-Feasibility Study Report of the Ho Chi Minh City Ring Road 4 Project.
On October 25, 2024, the Ministry of Planning and Investment held a meeting with leaders of the People's Committees of provinces and cities where the Project passes through, including Ho Chi Minh City, Long An, Binh Duong, Dong Nai, and Ba Ria - Vung Tau.
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| Route map of Ring Road 4, Ho Chi Minh City. |
Based on reports from local leaders and opinions from leaders of specialized agencies under the Ministry of Planning and Investment, Minister of Planning and Investment Nguyen Chi Dung agreed with localities on a number of contents to speed up the investment progress of the Ring Road 4 Project, Ho Chi Minh City.
In particular, research investment methods to propose suitable and feasible investment methods according to the principle of prioritizing investment in the form of PPP (note to update the current BT method that the Government is submitting to the National Assembly).
In case it is necessary to arrange State budget capital to participate in the Project to increase feasibility, localities shall prioritize balancing local budget capital sources.
Localities can propose specific mechanisms and policies to implement component projects through their localities (if necessary).
To ensure the progress of completing the Pre-Feasibility Study Report of the Ring Road 4 Project, the Ho Chi Minh City Department of Transport recommends that the City People's Committee send a document to the People's Committees of Long An, Binh Duong, Dong Nai, and Ba Ria - Vung Tau provinces to request review and early completion of the dossiers of component projects in the area according to the content agreed upon in the meeting at the Ministry of Planning and Investment on October 25, 2024.
The Ho Chi Minh City Ring Road 4 project is nearly 207 km long, with phase 1 investing in 4 lanes, emergency lanes and a median strip between the two directions.
The project has a total estimated investment of VND128,063 billion. Of which, the Ho Chi Minh City section is 17.3 km long (VND14,089 billion); the section through Ba Ria - Vung Tau is 18 km long (VND7,972 billion); the section through Dong Nai is 45.6 km long (VND19,151 billion); the section through Binh Duong province is 47.5 km long (VND19,827 billion); the section through Long An province is more than 78 km long (VND67,024 billion).
Source: https://baodautu.vn/dau-tu-duong-vanh-dai-4-tphcm-uu-tien-nguon-von-tu-ppp-d229485.html
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