On August 12, Ho Chi Minh City People's Committee sent an urgent document to the Prime Minister proposing specific mechanisms and policies that apply to the entire Ring Road 4 of Ho Chi Minh City.
Belt 4 passes through Ho Chi Minh City and Long An, Binh Duong, Dong Nai and Ba Ria - Vung Tau.
Currently, the entire route is being studied with a total length of nearly 207 km, of which Long An accounts for more than 78 km, Binh Duong 47.5 km, Dong Nai 45.6 km, Ba Ria - Vung Tau 18.1 km and Ho Chi Minh City 17 km. ,3 km.
Phase 1, the project will build 4 lanes, with emergency stopping lanes arranged continuously and a median strip between the two directions of traffic... This phase will also clear the site once according to the 8-lane planning to favorable for future expansion.
Total investment is estimated at more than 128,000 billion VND, of which, construction costs are nearly 77,000 billion VND, site clearance costs are more than 51,000 billion VND. The project is proposed under the public-private partnership (PPP) method, BOT (build - operate - transfer) contract.
Localities will act as competent authorities to implement sections through the area. Currently, Ho Chi Minh City, Dong Nai, Ba Ria - Vung Tau, and Long An have basically completed pre-feasibility study reports, expected to submit to competent authorities for appraisal and decision on investment policies in the fourth quarter of 2024.
Particularly, the section through Binh Duong province has had its investment policy approved by the People's Council of this province, and is currently preparing a feasibility study report for component projects.
To speed up the progress of Ring Road 4 in Ho Chi Minh City , relevant localities have coordinated with the Ministry of Transport to agree on the need to propose a number of specific mechanisms and policies that apply to the entire project.
In particular, the Provincial People's Committee is assigned to be the governing body, using local budget and other legal capital sources to invest in Ring Road 4 projects in Ho Chi Minh City; can use local budget to support other localities to do projects (such as Thu Bien bridge between Dong Nai province and Binh Duong province).
The Central budget supports the provinces (Binh Duong, Dong Nai and Ba Ria - Vung Tau) with 50% of the total budget capital participating in the project. Particularly in the section through Long An province, the Central budget proposes to support 75% of the total budget capital participating in the project. Ho Chi Minh City alone will balance its capital.
Allow the proportion of state capital participating in the project not to exceed 70% of the total project investment.
Allow the total investment value of Ho Chi Minh City Ring Road 4 projects of each locality to be transferred to the medium-term public investment capital plan for the period 2026 - 2030, not included in the total investment of programs and projects. must be implemented in the medium-term public investment plan for the following period.
For the section of Ring Road 4 of Ho Chi Minh City through Long An province, the National Assembly allows the Prime Minister to decide on the project investment policy.
Allows heads of competent agencies to decide on contractor appointment for consulting packages, technical infrastructure relocation, compensation, and resettlement support. This is to ensure the project is implemented quickly, synchronously and effectively.
