Deputy Prime Minister Tran Hong Ha has signed a Prime Ministerial Decision to establish a State appraisal council to evaluate the pre-feasibility study report for Ho Chi Minh City’s Ring Road 4 project under  the public private partnership (PPP) form.

The council is chaired by the Minister of Planning and Investment.

The 207-km road will pass through Ho Chi Minh City  (with two sections totaling nearly 20.8 km long) and several provinces: Ba Ria - Vung Tau (18 km),  Dong Nai (45 km),  Binh Duong (48), and Long An (74.5 km).

The total investment for the project is estimated at approximately VND128 trillion ($5.01 billion).

The project is divided into two groups of component projects. Component Group 1 involves land compensation and the construction of service roads and includes six component projects (Ho Chi Minh City will have two component projects). Component Group 2 focuses on building the expressway, with five component projects across five localities.