Long An province asks the central government to support 90% of the construction cost of Ho Chi Minh City Ring Expressway Line 4

Long An Province in Vietnam recently announced that it has proposed an investment plan for the construction of Ho Chi Minh City Ring Expressway Line 4. The expressway has a total length of 207 kilometers and runs through 5 provinces and cities. Long An Province, as the main investor in the project, has agreed to build it to a highway standard of 100 kilometers per hour and requested the central government to support 90% of the investment costs.

According to news released by the Long An Provincial People’s Committee Office, the provincial government has agreed to the preliminary design direction and selected a 25.5-meter-wide road bed plan consistent with Binh Duong, Dong Nai, Vung Tau and Ho Chi Minh City. The project involves Ba Ria-Vung Tau, Dong Nai, Binh Duong, Ho Chi Minh City and Long An, among which the Long An section is the longest at 78.3 kilometers.

According to preliminary estimates, the total investment in the first phase is approximately VND10,596.4 billion. In addition, the project also includes the establishment of a 10-hectare service area in Đức Huệ District, of which 1 hectare is used for service stations and the rest is planned as a commercial and service area.

Long An Province also plans to include land acquisition, support and resettlement costs into the total project investment and is requesting support from the central government. In addition, the Department of Natural Resources and Environment of Long An Province is responsible for re-examining the province’s planning for building materials and minerals in order to make policy recommendations to the government on conventional building materials mining.

The project is expected to begin construction in 2025, but specific implementation plans are still under discussion. The general principle of the project funding structure and investment method is that the central and local budgets will each bear 50%, and the remaining 50% will be raised through the public-private partnership (PPP) model.

Long An Province is calling on the central government to provide 90% construction funding support for this section because it is the longest section of the project and the province’s own funds are insufficient to afford such a large-scale investment.

For more information about real estate projects in Ho Chi Minh City and neighboring provinces, please contact FTT LAND!

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