On March 25, at the 23rd Session (Special Session), the Provincial People's Council agreed on the project implementation policy and committed to ensuring the balance of local budget capital for the Ho Chi Minh City Ring Road 4 project, the section passing through the province.
Accordingly, the Ho Chi Minh City Ring Road 4 project has a total length of about 159.31km, passing through Ho Chi Minh City, Ba Ria - Vung Tau, Dong Nai and Long An province. Of which, the section passing through the province has the longest length of about 78.3km, including 3.8km through Nha Be district, Ho Chi Minh City.
Provincial People's Council delegates voted to approve the project implementation policy and committed to ensuring the balance of local budget capital for the Ho Chi Minh City Ring Road 4 project, the section passing through the province.
The component project through the province is divided into 4 component projects with a total investment of about 68,715 billion VND. Of which, the central budget capital is 31,013.26 billion VND, the provincial budget is 10,000.05 billion VND, the Ho Chi Minh City budget is 1,767.88 billion VND and the capital mobilized from investors is 25,934.34 billion VND.
To ensure project implementation, the province will balance capital sources of more than VND 10,000 billion in the 2025-2028 period. Of which, VND 200 billion will be allocated in 2025, the remaining capital will be allocated in the medium-term public investment capital plan for the 2026-2028 period and from increased revenue sources, with an average of VND 3,266 billion allocated each year.
The Ho Chi Minh City Ring Road 4 project will overlap with a section of the Provincial Road 830E project.
The Ho Chi Minh City Ring Road 4 project is an important national project, invested under the public-private partnership (PPP) model, a build-operate-transfer (BOT) contract with the participation of central and local budget capital, the rest is investor capital.
Upon completion, the project will contribute to connecting economic centers, economic zones, key industrial parks, satellite cities of Ho Chi Minh City with the Southern Key Economic Zone to maximize the advantages of the provinces, link and improve the efficiency of exploiting expressways and radial national highways that have been and are being deployed to effectively promote these routes; promote the role, potential, strengths and share functions, support development between Ho Chi Minh City and neighboring provinces as large economic and cultural central cities.
At the same time, the project also creates a strategic traffic axis connecting the Southeast region with the Southwest and the Central Highlands, promoting the circulation of goods from industrial parks, urban areas to seaports, Long Thanh International Airport and vice versa; connecting urban areas and industrial parks in the region, creating regional linkages, developing the socio-economic development of the Southern Key Economic Zone, reducing traffic pressure for the urban center area.
In addition, the project is also expected to contribute to the formation of an industrial, urban, service, and logistics belt, creating an effective inter-sectoral and inter-local linkage chain.
According to plan, the Ho Chi Minh City Ring Road 4 project will be completed and put into operation before 2030./.
Perseverance
Source: https://baolongan.vn/long-an-cam-ket-bo-tri-hon-10-000-ti-dong-thuc-hien-du-an-duong-vanh-dai-4-tp-hcm-a192371.html
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