On the afternoon of June 18, Deputy Prime Minister Mai Van Chinh attended the groundbreaking ceremony for the construction of the Ho Chi Minh City Ring Road 4, phase 1, from Thu Bien Bridge to Saigon River, spanning the districts of Tan Uyen, Ben Cat, and Bac Tan Uyen in Binh Duong province.
The project, carried out under the Build-Operate-Transfer (BOT) format, boasts a total investment of VND 11,743 billion.
Deputy Prime Minister Mai Van Chinh delivers a speech at the ceremony.
Deputy Prime Minister Mai Van Chinh and other delegates at the ceremony.
Deputy Prime Minister Mai Van Chinh examines the orientation and layout of Ring Road 4.
The capital for the project will be sourced from equity, loans, and other legitimate means. The preparation and construction period is set at 26 months from the effective date of the project contract.
The first phase of the project will feature four lanes and an emergency lane, designed for a speed of 100km/h. The road aims to facilitate regional connectivity and enhance the efficiency of expressways, national highways, and transportation links between the Long Thanh International Airport and other provinces in the key southern economic region.
Mr. Nguyen Van Hung, Chairman of the Board of Directors of Becamex IDC (representing the contractor), emphasized the strategic importance of the Ring Road 4 as the backbone connecting the east and west of the province and the region. It will expedite access to seaports and international airports such as Cai Mep – Thi Vai and Long Thanh.
An artistic rendering of Ho Chi Minh City’s Ring Road 4 passing through Binh Duong province.
“Over the years, Becamex has proactively integrated the Ring Road 4 into our projects and completed nearly 50% of the road’s length within Binh Duong province using our own capital,” Mr. Hung shared. “Today, we are commencing construction on the remaining portion of the Ring Road 4 in our province.”
The winning bidder for the project is a joint venture comprising the Industrial and Urban Development Investment Corporation (Becamex IDC), Infrastructure Development Joint Stock Company (Becamex IJC), and Deo Ca Group Joint Stock Company.
In addition to the Ring Road 4 groundbreaking, Binh Duong province also inaugurated internal provincial roads DT743, DT746, and DT747B, contributing to the completion of its modern transportation network in this industrial hub.
CLIP: Mr. Nguyen Van Hung, Chairman of the Board of Directors of Becamex IDC, shares insights on the orientation of Ho Chi Minh City’s Ring Road 4.
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