The proposal suggests that the central government will provide 39,827 billion VND to support the construction of Ring Road 4 in Ho Chi Minh City.
Localities with routes to the Ho Chi Minh City Ring Road 4 project have unanimously proposed that the central government provide 39,827 billion VND out of a total of 128,063 billion VND for investment in the Ho Chi Minh City Ring Road 4.
Local authorities are requesting 39.827 billion VND in central government support.
On August 31st, the Chairman of the People's Committee of Ho Chi Minh City, Phan Van Mai, signed document No. 5100/UBND-DA addressed to the Prime Minister regarding the submission of the pre-feasibility study report for the construction project of Ring Road 4 in Ho Chi Minh City.
According to the report, Ho Chi Minh City, along with the provinces of Ba Ria - Vung Tau, Dong Nai, Binh Duong, and Long An, have so far organized and basically completed the pre-feasibility study report for the Ho Chi Minh City Ring Road 4 Project.
The project has a total length of 207 km, of which the section passing through Ba Ria - Vung Tau province is 18.2 km; Dong Nai 45.5 km; Binh Duong 47.4 km; Ho Chi Minh City 17.3 km; and Long An 78.3 km.
Phase I will involve the construction of a four-lane expressway, with continuous emergency lanes along the entire route. There will be 23 interchanges along the route.
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| Diagram of the route for Ring Road 4, Ho Chi Minh City. |
The estimated total investment for the Ho Chi Minh City Ring Road 4 Project is 128,063 billion VND. Of this, 39,827 billion VND is proposed to be funded by the central government budget, 30,882 billion VND by the local government budget, and the remainder by private investors.
The capital allocation for the project in Ho Chi Minh City is 14,089 billion VND, with an estimated 7,185 billion VND from the local budget and 6,903 billion VND from investors.
The section passing through Ba Ria - Vung Tau province costs 7,972 billion VND, including 1,982 billion VND from the central government budget, 1,982 billion VND from the local government budget, and 4,007 billion VND from investors.
The section passing through Dong Nai province has an investment capital of 19,151 billion VND, with an estimated 4,602 billion VND from the central government budget; 4,602 billion VND from the local government budget; and 9,946 billion VND from investors.
The section passing through Binh Duong province will cost 19,827 billion VND, with an estimated 4,784 billion VND from the central government budget; 4,787 billion VND from the local government budget; and 10,259 billion VND from investors.
The section passing through Long An province alone has the largest investment capital, approximately over 67,000 billion VND, with an estimated 28,458 billion VND from the central government budget; 12,328 billion VND from the local government budget; and 26,238 billion VND from investors.
To expedite investment in this important project, localities have proposed allocating 15,843 billion VND for the period 2021-2025, with an estimated 8,407 billion VND from the central budget and approximately 7,435 billion VND from local budgets.
For the period 2026-2030, approximately 54,800 billion VND will be allocated, with 31,420 billion VND from the central budget and 23,447 billion VND from local budgets.
Proposing a series of specific mechanisms for project implementation.
According to the Ho Chi Minh City People's Committee, the Ho Chi Minh City Ring Road 4 is of great importance because it is a regional transportation link that facilitates the flow of goods, reduces logistics costs, and contributes to the economic and social development of localities in the region.
Therefore, the localities unanimously proposed that specific mechanisms and policies are needed to expedite investment in this project.
The first proposed mechanism is to assign the provincial People's Committee as the managing agency, using local budgets and other legal sources of capital to invest in projects along the Ho Chi Minh City Ring Road 4.
A new mechanism, proposed for the first time, involves using the budget of one locality to support another locality in investing in public projects spanning two localities, such as bridges connecting Ba Ria - Vung Tau and Dong Nai provinces, and the Thu Bien bridge connecting Dong Nai and Binh Duong provinces.
The next proposed mechanism is for the central government to support Binh Duong, Dong Nai, and Ba Ria - Vung Tau provinces with 50% of the total state budget capital participating in the project. For Long An province, the central government will support 75% of the total state budget capital participating in the project.
Local authorities also proposed allowing the total investment value of the Ring Road 4 projects in each locality, carried over from the 2026-2030 medium-term public investment plan, to be included in the total investment of programs and projects to be implemented in the subsequent medium-term public investment plan of each locality (as stipulated in Clause 2, Article 89 of the 2019 Law on Public Investment).
A number of other mechanisms have also been proposed, such as allowing localities to update and adjust planning schemes before the competent authority approves the feasibility study report; allowing the direct awarding of contracts for consulting services, infrastructure relocation, compensation, support, and resettlement...
In addition, localities also proposed mechanisms for exploiting mineral resources for common construction materials; mechanisms for managing projects after investment and settling investment capital.
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