HCMC Ring Road 4’s first phase to cost $4.83 bln

Total investment for the first phase of Ho Chi Minh City’s Ring Road 4 project is estimated at VND122.77 trillion ($4.83 billion) in a proposal submitted by the city administration to the government.

Of the total investment, around VND53.11 trillion will be raised from private investors and loans, with the remainder funded by the state budget. The project will be implemented under a build-operate-transfer (BOT) contract.

Ring Road 4 will have a total length of 159.31 kilometers, including 16.7 kilometers in HCMC, 18.23 km in Ba Ria-Vung Tau province, 46.08 km in Dong Nai and 78.3 km in Long An province.

A 47.95-kilometer 8-lane section in Binh Duong province will be developed independently, based on an investment plan already approved by the provincial People’s Council.

HCMC, Binh Duong, Ba Ria-Vung Tau, and Long An will carry out land clearance in one phase the 8-lane section.

The main expressway will have four lanes, plus two emergency lanes, with parallel access roads on both sides. Once the investment plan is approved, local administrations will select investors in 2025; and land clearance and resettlement activities are slated for 2025 and 2026.

Construction on the sub-projects will begin in the third quarter of 2026, with a completion target of 2028. The section passing through HCMC will account for roughly 10% of the total length and 12% of the total investment.

According to the HCMC People's Committee, Ring Road 4 will significantly improve the movement of goods from industrial zones and urban areas to seaports; as also connectivity with the Long Thanh International Airport in Dong Nai province.

It will also help streamline inter-provincial traffic, diverting vehicles from congested urban areas and reducing travel times and transport costs, thus easing congestion and minimizing pollution.

Ring Road 4 will serve as a key transportation corridor, connecting the southeastern region with the southwestern and Central Highlands regions, facilitating economic development.

It is expected to open up new areas for development, unlock land resource potential and help establish a ring of industrial, urban and logistics hubs.

To speed up the project, HCMC Chairman Phan Van Mai has set up a task force led by the Department of Transport for follow up action including preparation of the investment proposal.

Given the project’s scale and urgency, local authorities have instructed all relevant units to assign skilled, experienced staff for its implementation.

At present, work is underway on the VND75.4 trillion ($3.2 billion) Ring Road 3, running 76.3 kilometers through HCMC and the provinces of Dong Nai, Binh Duong, and Long An.