HCMC's $4.6 bln Ring Road 4 project approved with special policies

Under a resolution passed on June 27, the National Assembly has approved an investment plan for the construction of Ring Road 4 in Ho Chi Minh City (HCMC).

The approved project covers a 159.31-km segment of the planned 207.26-km ring road, to be developed as 10 component projects.

The preliminary land use requirement is estimated at approximately 1,421 ha, and total investment capital at VND120.4 trillion (approximately $4.6 billion). Implementation will begin in 2025, with the road expected to be completed and operational by 2029.

The component projects will be executed under a Public-Private Partnership (PPP) model, specifically utilizing Build-Operate-Transfer (BOT) contracts. The PPP framework will include both investment guarantees and revenue-sharing mechanisms (for both surplus and shortfall scenarios) as stipulated by Vietnam’s PPP regulations.

The entire Ring Road 4 project passes through Ho Chi Minh City, Ba Ria–Vung Tau, Dong Nai, Binh Duong, and Long An provinces.

Under an approved administrative boundary reorganization, Ho Chi Minh City, Ba Ria–Vung Tau and Binh Duong will be merged into one, while Long An will merge with Tay Ninh Province,  as from July 1.

A 48-km section running through Binh Duong Province has already received local approval and is being implemented separately.

The newly approved section of over 159 km will include approximately 38 km in HCMC, 46 km in Dong Nai, and nearly 75 km in Tay Ninh.

The expressway is designed for speeds of up to 100 km/h, featuring eight lanes and a total roadbed width of 74.5 meters, inclusive of frontage roads.