HCMC – HCMC has requested the central Government to approve special policy for the Beltway No. 4 project to address challenges and speed up construction work.
On August 12, the city’s People’s Committee submitted a proposal to the prime minister, seeking permission to draft a resolution for the National Assembly. This resolution would introduce specific mechanisms for the entire Beltway No. 4 project.
The proposal includes several measures, such as authorizing local governments to oversee the project, utilize local budgets, and access additional funding sources. It also suggests allowing provinces to provide financial support to each other for joint infrastructure projects.
HCMC has requested that the central Government cover 50% of the costs for Binh Duong, Dong Nai, and Ba Ria–Vung Tau provinces. For the section in Long An Province, the city is asking for 75% funding from the central Government. The proposal also recommends that state funding should not exceed 70% of the project’s total cost.
Additionally, the city seeks approval to transfer investment funds allocated to the Beltway No. 4 project in each locality into the 2026-2030 medium-term public investment plan without impacting other planned investments.
Other proposed mechanisms include allowing local authorities to directly appoint contractors for consulting services, technical infrastructure relocation, and compensation and resettlement packages. The proposal also calls for streamlined regulations for extracting minerals for construction materials and managing post-investment projects and capital settlement.
The Beltway No. 4 project has a total length of 207 kilometers, crossing five provinces and centrally-run cities. The project’s estimated total cost exceeds VND128 trillion, with nearly VND77 trillion allocated for construction and over VND51 trillion for land clearance. The project will be implemented under a public-private partnership (PPP) model with build-operate-transfer (BOT) contracts.
Provincial authorities will manage the sections of the road within their jurisdictions. Most localities have completed feasibility studies, with investment decisions expected in the fourth quarter of this year.
The Binh Duong Provincial People’s Council has already approved the project’s investment and is working on feasibility studies for specific components.
