Dong Nai allocates over VND14 tril for HCM city Ring Road 4 project

(ĐN)- The National Assembly has officially passed Resolution No. 220/2025/QH15 approving the investment policy for the HCM city Ring Road 4 construction project.

Dong Nai provincial People’s Committee assigned as competent authority to implement Sub-project 2-2, which involves constructing over 46 km of HCM city Ring Road 4, spanning from Chau Duc bridge to Thu Bien bridge.

Under the resolution, Dong Nai provincial People’s Committee has been designated as the competent authority to implement Sub-project 2-2, which involves the construction of over 46 kilometers of expressway from Chau Duc bridge to Thu Bien bridge.

The total investment for the two sub-projects assigned to Dong Nai is estimated at more than VND26.3 trillion (approx. US$1 billion). Of this amount, over VND14 trillion will be sourced from the provincial budget.

According to the resolution, the Ring Road 4 project is divided into 10 sub-projects. Dong Nai will oversee Sub-project 1-2, which covers land clearance, compensation, resettlement, and the construction of service roads within the province’s territory. The estimated investment for this sub-project is more than VND10 trillion, fully funded by local budget resources.

In addition, the province is also responsible for implementing Sub-project 2-2, a public-private partnership (PPP) project that will build a 46-km section of four-lane expressway from Chau Duc bridge to Thu Bien bridge. This sub-project has a preliminary investment cost of over VND16.2 trillion, of which VND4 trillion will come from the local budget and the remaining VND12.2 trillion will be contributed by private investors.

The Ring Road 4 project spans more than 159 kilometers, passing through Dong Nai, Tay Ninh, and HCM city. In its first phase, the road will be built to accommodate four lanes with a design speed of 100 km/h. Construction is scheduled to begin in 2025 and be completed by 2029.

Notably, under the National Assembly’s resolution, the project will benefit from several special mechanisms and policies, including streamlined procedures for mineral exploitation, investment approval, and contractor selection.

Reported by P. Tung