HCMC proposes adjusting Ring Road 4 to cut cost
Adjustment expected to reduce investment by $169mln.
The Ho Chi Minh City Department of Transport has suggested three plans on adjusting the Ring Road No. 4 project to reduce investment capital and site clearance and compensation costs.
The first plan involves 17.35 km of the road in the city, with the smallest clearance area of around 154.49 ha, total capital of over VND17.7 trillion ($747 million), and the highest cost of site clearance compensation.
The second plan will reduce the length of the road in the city to 17.29 km with a clearance area of around 154.05 ha and total capital of over VND13.8 trillion ($584 million). Compensation costs for the project will be reduced.
Under the third plan, the road will have a total length of 16.75 km in the city, a clearance area of around 150 ha, total capital of more than VND13.6 trillion ($576 million), and the smallest cost of site clearance compensation.
The project was approved by the Prime Minister in 2011. The road was designed to have a total length of 197.6 km, crossing through Ho Chi Minh City and Ba Ria-Vung Tau, Dong Nai, Binh Duong, and Long An provinces. The section passing through Ho Chi Minh City is approximately 17 km in length.
Construction is expected to begin in 2024 and be completed before 2028.
