The National Assembly "finalized" the investment policy for the construction project of Ho Chi Minh City's Ring Road 4.

On the morning of June 27, the National Assembly passed a resolution on the investment policy for the Ho Chi Minh City Ring Road 4 construction investment project, investing about 159.3km, divided into 10 component projects.

Party, State, Government leaders and National Assembly deputies attended the meeting.

The goal is to build a strategic traffic axis connecting the Southeast region with the Southwest and the Central Highlands, promoting the circulation of goods from industrial parks, urban areas to seaports, airports and vice versa; connecting urban areas and industrial parks in the region, creating regional linkages, developing the socio -economic development of the Southern key economic region; reducing traffic pressure for the central urban area; creating new development space to exploit the potential of land resources and taking advantage of areas with favorable conditions for urban development, contributing to regulating the population in the inner city; successfully implementing the goals and tasks of socio-economic development, ensuring national defense and security according to the Resolution of the 13th National Congress of Delegates and resolutions of the Party.

The project applies advanced and modern technologies, ensuring safety, synchronization, quality and efficiency requirements. Encourage the application of high technology in construction organization, adapting to climate change. Implement non-stop electronic toll collection in exploitation and operation.

The preliminary land use requirement of the project is about 1,421 hectares. Of which, the area of ​​land acquisition, compensation, support, and resettlement is about 1,416 hectares. Land acquisition, compensation, support, and resettlement will be done at once according to the planning scale.

The preliminary total investment of the project is about 120,413 billion VND, including: central budget capital of about 29,688 billion VND; local budget capital of about 40,093 billion VND; capital mobilized by investors of about 50,632 billion VND.

Prepare investment and implement the project from 2025; complete the project and put it into operation and exploitation in 2029.

Investment component projects under the public-private partnership method, build-operate-transfer (BOT) contract type are applied with investment guarantee mechanism, revenue sharing mechanism according to the provisions of law on investment under the public-private partnership method.

The project is invested in phases according to the scale of 4 complete lanes and land acquisition, compensation, support, and resettlement according to the planning scale of 8 lanes to ensure long-term vision.

Given the importance of the project, the competent authority has allowed the project to not have to conduct an appraisal of the capital balance capacity according to the provisions of the Law on Public Investment and the Law on Investment under the public-private partnership method; requesting the Government, during the implementation process, to arrange and balance enough capital to ensure the progress and quality of the project.

The Resolution allows the Provincial People's Committee to decide to adjust and add these mineral mines to the geological and mineral management plan in the provincial planning without having to carry out the procedure of adjusting the provincial planning to ensure the feasibility and effectiveness of the project.

The resolution also allows for no competition for architectural plans, which has been allowed by the National Assembly to be applied to a number of important national projects in recent times.

The People's Committee of Ho Chi Minh City is allowed to apply special mechanisms and policies stipulated in this resolution in the process of implementing the investment project to build Ho Chi Minh City Ring Road 4 from Thu Bien Bridge - Saigon River (phase 1) under the public-private partnership (PPP) method.

The National Assembly also passed a Resolution on adjusting the investment policy of the Bien Hoa - Vung Tau Expressway Construction Project, Phase 1. Accordingly, the total investment of the project was initially adjusted to VND 21,551 billion.

LAM NGUYEN

Source: https://www.sggp.org.vn/quoc-hoi-chot-chu-truong-dau-tu-du-an-dau-tu-xay-dung-duong-vanh-dai-4-tphcm-post801329.html