HCMC – Two major infrastructure projects in Binh Duong Province have far exceeded their initial cost estimates, reported the local media.
The investment cost of the Beltway No. 4 section in Binh Duong from the Thu Bien Bridge to the Saigon River has increased from VND18.99 trillion to VND23.64 trillion. Meanwhile, the BOT project to upgrade and expand National Highway 13 has surged from VND1.37 trillion to over VND12.46 trillion.
The People’s Council of Binh Duong Province has approved changes to the investment scope of the Beltway No. 4 project under Resolution 02/NQ-HDND. The revisions include adjustments to project scale, funding structure, land use, and implementation timeline.
At its 17th session, the council also approved cost adjustments for the National Highway 13 upgrade, which has now increased more than ninefold from its original estimate.
These cost overruns were attributed to rising prices of construction materials such as steel, cement, and concrete. Additionally, rapid urbanization has driven land prices above initial projections, significantly increasing compensation and land acquisition costs.
Changes in project scope have also played a role in the rising costs. The National Highway 13 expansion now includes overpasses, sidewalks, green spaces, and drainage systems. Delays in land clearance and urban planning adjustments have further increased loan interest payments and project management expenses.
Once completed, the Beltway No. 4 project is expected to enhance connectivity between Binh Duong and major economic centers such as HCMC, Dong Nai, and Ba Ria-Vung Tau provinces.
