Proposed Construction Period: 2026 – 2029
On the morning of June 10th, the National Assembly’s Standing Committee discussed and gave opinions on the investment policy for the construction project of Ho Chi Minh City’s Ring Road 4.
In his presentation, Minister of Construction Tran Hong Minh stated that the total length of the route is approximately 207.26 km. The starting point of the project is at Toc Tien – Chau Pha intersection (the intersection of Bien Hoa – Vung Tau expressway and DT.992 provincial road), and the endpoint is at the intersection with the North-South route in Hiep Phuoc Port area, Nha Be district, Ho Chi Minh City.
Minister of Construction Tran Hong Minh. Photo: QH |
The project passes through Ho Chi Minh City and the provinces of Ba Ria – Vung Tau, Dong Nai, Binh Duong, and Long An. The investment scale is a highway, with phase 1 (the phased implementation phase) investing in a 4-lane expressway with a design speed of 100 km/h and a road width of 25.5 m.
The government proposes a construction period from 2026 to 2029 (aiming for completion by the end of 2028).
In the complete investment phase, the scale will be expanded to 8 expressway lanes. The total width of the road (including the expressway and the parallel road) will be 74.5 m.
According to the government, the preliminary land requirement is approximately 1,420.70 ha. The proposed investment method is a combination of public investment for compensation, support, resettlement, and construction of collecting roads and parallel roads; and PPP investment in the form of a BOT contract for the expressway construction component.
7 Special Mechanisms and Policies
The project is divided into 2 groups, consisting of 10 sub-projects. The preliminary total investment for phase 1 is estimated at more than VND 120,412 billion. The state budget capital is over VND 69,780 billion, including over VND 29,687 billion of central budget capital and over VND 40,092 billion of local budget capital. Capital mobilized by investors is over VND 50,632 billion.
The project also proposes 7 special mechanisms and policies, including authorizing the Chairman of the People’s Committee of Ho Chi Minh City and the Chairmen of the provincial People’s Committees to decide on the investment of component projects.
Additionally, it allows for direct contracting for consulting, non-consulting, and consulting packages for adjusting the master plan serving the project (including resettlement areas), as well as packages for implementing compensation, support, resettlement, and construction of infrastructure in resettlement areas to serve land clearance.
The government also proposed that the project be exempt from capital source and balance verification as prescribed in the Law on Public Investment and the Law on Investment in the form of PPP.
According to the verification agency, the National Assembly’s Economic and Financial Committee, the Government’s proposal for the National Assembly to consider and decide on the investment policy for this project is in line with legal regulations.
Regarding capital sources and balance, the Government has proposed special mechanisms and policies, including exempting the project from verifying the capital source and balance as prescribed in the Law on Public Investment and the Law on Investment in the form of PPP.
However, the Standing Committee of the National Assembly’s Economic and Financial Committee requested that the Government supplement the report on verifying the capital source and balance for the project based on the current Law on Public Investment and the Law on Investment in the form of PPP.
Luân Dũng
– 12:31 10/06/2025
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