HCM City proposes special mechanisms to accelerate Ring Road No.4 project

The Ho Chi Minh City People's Committee has proposed  a number of specific mechanisms and policies to the Prime Minister for accelerating the construction of the Ring Road No.4.

The projected road is designed to have a total length of around 207 km, passing through Ho Chi Minh City and neighboring Ba Ria-Vung Tau, Dong Nai, Binh Duong, and Long An provinces.

It will have 6-8 lanes and allow a maximum speed of 100 kph.

Total investment is estimated at over VND128 trillion ($5.63 billion), to be sourced from both central and local State budgets.

The city proposed that the People’s Committees at provincial level are allowed to use local budget and other legal capital sources to invest in the project; and a locality engaging in the project is allowed to support a neighboring locality  to carry out public investment activities for component projects passing through the two localities.

Regarding capital sources, the central budget will support 50% of capital for component projects allocated to Binh Duong, Dong Nai and Ba Ria-Vung Tau provinces, while Long An province alone needs 75% of support capital, according to the proposal.

State capital rate sour sourced for the project should not exceed 70% of the total investment.

The construction is scheduled to start in 2025 and to be completed in 2028.