Proposed investment plan for Ho Chi Minh City Ring Road 4, section through Ba Ria - Vung Tau
The Ho Chi Minh City Ring Road 4 project through Ba Ria - Vung Tau province has a length of 18.23 km and is invested under the PPP method with an expected payback period of 20 years.
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The People's Committee of Ba Ria - Vung Tau province has just sent Official Dispatch No. 3043/UBND - VP to the Ministry of Transport asking for opinions on the investment plan for the Ho Chi Minh City Ring Road 4 Project, the section passing through Ba Ria - Vung Tau province.
The Ho Chi Minh City Ring Road 4 project through Ba Ria - Vung Tau province has a route length of 18.23 km with the starting point at the Toc Tien - Chau Pha intersection, the intersection with Bien Hoa - Vung Tau expressway and DT992, about 230m from Bien Hoa - Vung Tau expressway; the end point is in Chau Duc district, Ba Ria - Vung Tau province (bordering Dong Nai province, Bau Can Lake location) connecting with the Ho Chi Minh City Ring Road 4 project in Dong Nai province.
According to the planning of Ho Chi Minh City Ring Road 4 through Ba Ria - Vung Tau province, the section has 8 lanes and a cross-section width of 74.5m; in the phase of the route, it is invested in a 4-lane expressway with the investment method being PPP, BOT contract type.
In Official Dispatch No. 3043, the People's Committee of Ba Ria - Vung Tau province agreed on the capital recovery plan of 20 years.
With the 4-lane highway plan, the roadbed width is 25.5m (similar to the plan proposed by the Ho Chi Minh City People's Committee) in case the Ministry of Transport requests to unify this scale on the entire route in phase 1: The total investment of the project is about 7,972,293 billion VND, of which state capital is 3,965 billion VND, accounting for 49.75% (central budget capital is 1,983 billion VND, local budget capital is 1,983 billion VND); investor capital is 4,005 billion VND, accounting for 50.25%.
With the 4-lane highway option, roadbed width of 27m, the total investment of the Project is about 8,100.279 billion VND, of which state capital is 4,095 billion VND, accounting for 50.57% (central budget capital is 2,048 billion VND, local budget capital is 2,048 billion VND); investor capital is 4,005 billion VND, accounting for 49.43%.
The People's Committee of Ba Ria - Vung Tau province proposed that the Prime Minister support the central budget capital to implement the project in the period of 2021-2025, the period of 2026-2030 for Ba Ria - Vung Tau province about 50% of the total state budget capital participating in the project as proposed by the localities in the region.
In addition, to be consistent with the financial plan of projects in the region (the proposed general capital recovery period is about 20 years) and to facilitate the selection of investors, the People's Committee of Ba Ria - Vung Tau province believes that it is necessary to propose to the National Assembly and the Government to increase the state budget contribution to the project to more than 50% of the total project investment and choose the capital recovery period for the projects to be about 20 years.
According to the plan, the People's Committee of Ba Ria - Vung Tau province will direct the General Consulting Unit to coordinate with the Department of Transport of localities and Consulting Units to prepare Pre-feasibility Study Reports of component projects to unify the scale, general technical standards, regulations, applicable technical standards, investment phases, plans, implementation progress... to submit to the Ministry of Transport for consideration and direction in March 2024.
Develop specific mechanisms and policies for the construction projects of Ho Chi Minh City's Ring Road 4, submit them to the Ministry of Planning and Investment for appraisal in April 2024; report to the Prime Minister and submit them to the National Assembly for approval in June 2024.
Localities complete the Pre-Feasibility Study Reports of projects and submit them to competent authorities for approval of investment policies in the third quarter of 2024; carry out compensation and site clearance from the fourth quarter of 2024 to the fourth quarter of 2026; select investors in the third quarter of 2025; organize construction and complete the project in the fourth quarter of 2027.
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