Approving the investment policy for the Ho Chi Minh City Ring Road 4 Construction Investment Project

Vân Trang |

With 437/441 delegates present voting in favor, on the morning of June 27, the National Assembly officially approved the investment policy for the Ho Chi Minh City Ring Road 4 Construction Investment Project.

The total length of the entire Ho Chi Minh City Ring Road 4 is about 207.26 km, starting at the Toc Tien - Chau Pha intersection (the intersection with Bien Hoa - Vung Tau Expressway and Provincial Road DT.992), ending at the North - South axis in the Hiep Phuoc Port area, Nha Be District, Ho Chi Minh City.

Phoi canh Du an dau tu xay dung duong Vanh dai 4 TPHCM qua Binh Duong. Anh: Dinh Trong
Perspective of the Ho Chi Minh City Ring Road 4 Construction Investment Project through Binh Duong. Photo: Dinh Trong

Regarding the investment scope, the total investment length is about 159.31 km; including: the section through Ba Ria - Vung Tau province (old) is about 18.23 km long; the section through Dong Nai province is about 46.08 km long. The section through Ho Chi Minh City is about 20.5 km long and the section through Long An province (now Tay Ninh) is about 74.5 km long.

The section through the old Binh Duong province with a length of about 47.95 km has been approved by the People's Council of Binh Duong province for investment and is currently implementing independent investment. The scale of investment in expressways, phase 1 (phase phase) investment with a scale of 4 expressway lanes, designed speed of 100 km/h, roadbed width of 25.5m. The investment phase is completed with a scale of 8 high-speed lanes. The total width of the roadbed (including highways and parallel roads) is 74.5m. Preliminary land use demand is about 1,420.70 hectares.

Regarding the implementation progress, investment preparation, and implementation of the Project from 2025; completing the project and putting it into operation and exploitation in 2029.

Component projects invested under the public-private partnership method, Construction - Business - Transfer (BOT) contracts are subject to the investment guarantee mechanism, the increase and decrease revenue sharing mechanism according to the provisions of the law on investment under the public-private partnership method.

Regarding financial plans, preliminary price frame, service usage fees according to the project's financial plan; financial plans will be calculated for specific decisions during the investment approval process of component projects according to the provisions of law and the bidding results for investor selection.

The total preliminary investment of the project is about 120,413 billion VND (one hundred twenty thousand, four hundred and thirty billion VND), including: Central budget capital of about 29,688 billion VND; Local budget capital of about 40,093 billion VND; Capital mobilized by investors is about 50,632 billion VND.

Uy vien Uy ban Thuong vu Quoc hoi, Chu nhiem Uy ban Kinh te va Tai chinh cua Quoc hoi trinh Phan Van Mai. Anh: Quochoi.vn
Member of the National Assembly Standing Committee, Chairman of the National Assembly's Economic and Financial Committee Phan Van Mai. Photo: Quochoi.vn

Member of the National Assembly Standing Committee, Chairman of the National Assembly's Economic and Financial Committee Phan Van Mai said that, drawing experience from investing in a number of expressway projects in the past, the Government has directed the Ministry of Transport to issue QCVN 117:2024/BGTVT standards on expressways. It stipulates: A highway has a minimum of 4 lanes (2 lanes for each direction); has a continuously arranged emergency lane (except for locations: crossing a bridge with a span of 150.0 m or more; a bridge with a pillar of 50.0 m or more; a tunnel; a section with an increase lane, decrease the speed or an auxiliary lane to climb the slope.

Accordingly, the project is invested in phases according to the scale of 4 complete lanes and land acquisition, compensation, support, and resettlement according to the planning scale of 8 lanes to ensure long-term vision.

Vân Trang
TIN LIÊN QUAN

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Anh Tuấn |

The Hanoi People's Committee leased 3,680m2 of land in Thanh Oai to Nguyen Phuc Construction and Trading Joint Stock Company to build a gas station.