View: 2530

Investment of the Ring Road 4 creates motivation for developing industrial real estate

Ho Chi Minh City has just submited a proposing document to the Ministry of Transport in regard to investment acceleration of the Ring Road 4 project which its route through connects 5 provinces: Ho Chi Minh City, Binh Duong, Long An, Dong Nai and Ba Ria - Vung Tau province.

Accordingly, Ho Chi Minh City proposed the Ministry of Transport to chair the research of related contents such as: overall plan, investment phase, investment scale, investment form and plan to connect the main traffic routes; At the same time, the Ministry of Transport is proposed to chair and co-ordinate with the Ministry of Planning and Investment and relevant ministries in researching and considering a policy to partially support government capital in the 2021-2025 period to invest in the road in accordance with the direction of the Prime Minister.

Location of Huu Thanh Industrial Park - IDICO, Duc Hoa, Long An province is convenient for accessing the Ring Road 4. Image: internet

The Ring Road 4 is planned with a length of 198km and 6-8 lanes, total investment capital is approximate 100,000 billion VND. The project is divided into 5 sections, in which there is a pre-feasibility study report for Ben Luc - Hiep Phuoc section with a length of 35.8km, the total investment is about 20,000 billion VND; The remaining 4 sections includes Section 1 (Phu My - Trang Bom), Section 2 (Trang Bom - National Highway 13), Section 3 (National Highway 13 - National Highway 22) and Section 4 (National Highway 22 - Ben Luc) have not been studied.       

The Ring Road 4 has important significance in connecting satellite urbans between Ho Chi Minh City with other provinces in the southern key economic region; connecting industrial parks and key economic zones with ports of Phu My, Hiep Phuoc, Long An and Long Thanh airport; help to save transportation time, reducing logistics costs, as well as contributing to social-economic development.

Along the Ring Road 4, IDICO has industrial parks: Huu Thanh IP, Duc Hoa District, Long An province with an area of 542ha (connect to Section 4, National Highway 22 - Ben Luc); Phu My 2 and Phu My 2 Expansion IPs in Phu My town, Ba Ria - Vung Tau province with a total area of 1,020ha (connect to Section 1, Phu My - Trang Bom).

These industrial parks have verry convenient location; beside easiely accessing to the Ring Road 4, Phu My 2 and Phu My 2 Expansion IP are also located in the area of planning Seaport Cluster No. 5, being easiely access to Phu My - Cai Mep port system, the road traffic system in these areas connect to the southeastern provinces and the southern key economic region; Huu Thanh Industrial Park is adjacent to Ho Chi Minh City which is the largest and most dynamic consumer market in the country.

With the investment in the construction of the Ring Road 4, having many advantages such as convernient location conditions and existing synchronously infrastructure system, Industrial Parks of IDICO are ready to welcome Investors.