On February 7, according to the Binh Duong Provincial Electronic Information Portal, the Binh Duong Provincial People's Council issued Resolution No. 02/NQ-HDND on adjusting the investment policy for the construction project of Ho Chi Minh City Ring Road 4, from Thu Bien Bridge to Saigon River (phase 1) under the public-private partnership (PPP) method.
Notably, in this investment policy adjustment, the People's Council of Binh Duong province decided to increase the total investment capital from VND 18,247 billion (in Resolution 09/NQ-HDND) to VND 23,639 billion.
Of which, the State's capital participation is 9,959.5 billion VND, accounting for 42.13% of the total investment.
Capital mobilized from investors is 13,680.3 billion VND, accounting for 57.87% of total investment.
The investor proposed to implement the project is Becamex IDC Corporation.
This resolution also adjusts the project implementation period, extending from 2023 to 2027. In particular, the project preparation phase is from 2023 - 2025, the project implementation and completion phase is from 2025 - 2027.
The Ho Chi Minh City Ring Road 4 project is planned to be a complete expressway, with a design speed of 100km/h. The scale is 8 expressway lanes, with a roadbed width of 74.5m.
In phase 1, the road will be invested as a 4-lane highway, emergency lane, 25.5m wide roadbed, design speed is 100km/h.
