The Government Office has just conveyed the Prime Minister's direction on submitting the pre-feasibility study report for the Ho Chi Minh City Ring Road 4 project.

Accordingly, on September 6, Deputy Prime Minister Tran Hong Ha assigned the Ministry of Planning and Investment to coordinate with the Ministry of Transport and relevant units to review the proposal of the Ho Chi Minh City People's Committee on the Ho Chi Minh City Ring Road 4 project; report to the Prime Minister before September 15.

In order to promptly submit to competent authorities for decision on the project investment policy, the Prime Minister assigned the Minister of Planning and Investment and the Ho Chi Minh City People's Committee to urgently complete investment preparation procedures and promptly submit to the National Assembly at the 8th session of the 15th National Assembly.

At the same time, the Ministry of Planning and Investment is assigned to send a document to the Secretary General of the National Assembly to register the content to submit to the National Assembly for decision on the project investment policy at the 8th session of the 15th National Assembly.

Previously, the Ho Chi Minh City People's Committee submitted to the Ministry of Planning and Investment the Pre-Feasibility Study Report for the Ho Chi Minh City Ring Road 4 construction project. The overall project is 207km long, passing through Ho Chi Minh City, Long An, Ba Ria - Vung Tau, Dong Nai and Binh Duong.

The total estimated investment for the Ring Road 4 project is about 136,000 billion VND.

According to the Ho Chi Minh City People's Committee, in phase 1, the land will be cleared once according to the plan, and at the same time, 4 complete expressway lanes and emergency lanes will be built. Parallel roads and residential roads will be invested in depending on traffic needs in each area.

The Ho Chi Minh City Ring Road 4 project is implemented under the BOT (build-operate-transfer) model, with central budget capital of about VND 42,554 billion and local budget of more than VND 33,584 billion. The capital allocation plan for the 2021-2025 period is expected to be about VND 16,026 billion, and for the 2026-2030 period, about VND 59,582 billion.