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| The Ring Road 4 project - Ho Chi Minh City section through Dong Nai has the end point at Thu Bien bridge connecting with Binh Duong province. Photo: Pham Tung |
Accordingly, the Government submitted to the National Assembly for consideration and decision on investment policy for the project at the 9th Session of the 15th National Assembly.
According to the Government's proposal, the Ring Road 4 - Ho Chi Minh City Project has a total route length of more than 207km, of which the investment scope has a total length of more than 159km, including the section through Ba Ria - Vung Tau province of more than 18km; the section through Dong Nai province of more than 46km; the section through Ho Chi Minh City of more than 20km and the section through Long An province of more than 74km.
The nearly 48km section through Binh Duong province has been approved by the Binh Duong Provincial People's Council for investment and is being implemented independently. The project is invested in the form of public-private partnership (PPP), BOT contract type, with the participation of state capital (central budget, local budget) and investor capital. The construction scale of the expressway has a design speed of 100km/h, 8 lanes in the completion phase.
In phase 1, the project is invested in a scale of 4 lanes, the site clearance work is carried out once according to the scale of the complete phase. The preliminary total investment of phase 1 project is more than 120 trillion VND, including state budget capital of more than 69.7 trillion VND (including central budget capital of more than 29.6 trillion VND, local budget capital of more than 40 trillion VND), accounting for more than 57.9% of the total investment; investor capital is more than 50.6 trillion VND, accounting for more than 42% of the total investment.
Also according to the report, based on the results of the research on the component projects, combined with consideration of factors to ensure synchronization, traffic connection on the entire route, ensuring efficiency, feasibility, speeding up progress, convenience in the implementation process and toll collection organization, along with proposed policy mechanisms, the project is divided into 2 groups with 10 component projects including 5 component projects in the group of compensation, support, resettlement and construction of service roads, parallel roads implemented in the form of public investment; 5 component projects in the group of investment in construction of the expressway section implemented in the form of PPP, BOT contract type.
The Government also proposed specific mechanisms and policies to implement the project such as: specific mechanisms and policies on mineral exploitation for common construction materials; assigning the Chairman of the People's Committee of Ho Chi Minh City and the Chairmen of the People's Committees of Ba Ria - Vung Tau, Dong Nai, and Long An provinces the authority to decide on investment in component projects; procedures for establishing, appraising, and deciding on adjustments to investment policies for component projects invested under the PPP method; selecting units to implement consulting packages, consulting fees, and packages to serve site clearance work...
Regarding the project implementation time, the Government plans to prepare the project from 2024-2025; compensation, support, and resettlement from 2025, completed in 2026; select construction contractors and investors in 2026; construction from 2026-2029, striving to complete by the end of 2028.
Pham Tung
Source: https://baodongnai.com.vn/kinh-te/202506/chinh-phu-trinh-quoc-hoi-xem-xet-quyet-dinh-chu-truong-dau-tu-du-an-duong-ket-noi-vung-dong-nam-bo-hon-120-ngan-ty-dong-3270358/
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