Vietnam’s US$5.5 billion ring road project

A US$5.5 billion ring road project is planned for Ho Chi Minh (City (HCMC) in Vietnam. The 207km Ring Road 4 route will feature 23 interchanges. This massive project will feature 2 lanes in either direction as well as hard shoulders. The project is expected to help reduce HCMC’s notorious traffic congestion problems.

The provincial government for Ba Ria-Vung Tau Province has approved a plan from Vietnam’s Department of Transport for financing worth $340.55 million for a stretch of the HCMC Beltway No 4. Around 18km of HCMC Beltway No 4 runs through Ba Ria-Vung Tau Province. The funding will pay for buying and clearing the land required as well as some of the construction costs.

Meanwhile, Hanoi is to benefit from the new Tu Lien Bridge spanning the Red River. The link will measure a total of 11.5km and is expected to cost over $851 million, with construction due to commence in 2024. The project will be handled under the PPP model.

In addition, there is a proposal for a new expressway connecting Dalat in Lam Dong Province and Nha Trang City in Khanh Hoa Province. The work would cost $1.07 billion, with the private sector providing up to 30% of the cost and the state financing 70% of the project. Three different routes have been suggested although one measuring 99km has been highlighted as the preferred alignment.