Trung Nam Group has just sent a proposal to the People’s Committee of Ho Chi Minh City to participate in the construction project of Can Gio Bridge. Notably, the company has proposed to change the investment form of the project from a Build-Operate-Transfer (BOT) contract to a Build-Transfer (BT) one.
According to Trung Nam Group, they had previously been approved by the People’s Committee of Ho Chi Minh City to study and develop a proposal for the construction project of Can Gio Bridge.
Trung Nam Group has handed over all research documents to the Department of Transportation to complete the report for submission to the Appraisal Council of Ho Chi Minh City on December 1, 2023. On January 4, 2024, Trung Nam Group proposed to participate in the bidding process as a public-private partnership (PPP).
On February 17, 2025, the company proposed to participate in the construction project of Can Gio Bridge and Thu Thiem 4 Bridge under the Law No. 57/2024/QH15 of the National Assembly.
Can Gio Bridge project illustration.
According to the investor, the construction project of Can Gio Bridge is currently proposed to be implemented under the public-private partnership (PPP) model, specifically a Build-Operate-Transfer (BOT) contract, with a total investment of approximately VND 10,569 billion, to be carried out during the period of 2024-2028.
However, Metro Line 12 (connecting the old District 7 to Can Gio) has been approved for the urban transport planning system of Ho Chi Minh City and is expected to commence construction in 2026.
Trung Nam Group assesses that the implementation of the metro line will fundamentally change the transport structure of the area. Therefore, it is proposed that the Can Gio Bridge project should be implemented under a Build-Operate-Transfer (BOT) contract, which may not be suitable.
Specifically, the investor puts forward three reasons for the People’s Committee of Ho Chi Minh City to consider changing the investment form of the project from a Build-Operate-Transfer (BOT) contract to a Build-Transfer (BT) one:
1. BOT requires independent capital recovery, while Can Gio Bridge is the only route connecting the mainland, and toll collection will affect the basic access rights of local people;
2. Financial plan challenges: Low traffic volume, long capital recovery period of 30-50 years, making it unattractive to investors;
3. The competitive impact of Metro Line 12 will reduce the demand for personal transportation, directly affecting the project’s toll collection.
For these reasons, Trung Nam Group proposes that the People’s Committee of Ho Chi Minh City, the Department of Finance, and the Department of Construction allow them to continue participating in the pre-feasibility study report for the construction project of Can Gio Bridge, in the form of a Build-Transfer (BT) contract, in accordance with the Law No. 90/2025/QH15, which took effect on July 1, 2025.
Trung Nam Group commits to optimizing resources to effectively implement the project, ensuring quality, and will submit the dossier as soon as it is approved by the People’s Committee of Ho Chi Minh City, in order to shorten the progress and contribute to the development of transportation infrastructure and socio-economic development of the city.
According to the pre-feasibility study report, the Can Gio Bridge will have its starting point on Road 15B (in Nha Be District as per the planning) and the endpoint connecting to Rung Sac Road (in Can Gio District), about 2.5 km south of Binh Khanh ferry terminal. The total length of the project is 7.3 km. The bridge will be built as a cable-stayed bridge, with a scale of six lanes (four lanes for motor vehicles and two lanes for non-motorized vehicles), and a designed speed of 60 km/h. The project is proposed to be implemented under the public-private partnership (PPP) model, specifically a Build-Operate-Transfer (BOT) contract, with a total investment of more than VND 10,500 billion (excluding loan interest). The state budget will contribute nearly 50%, and the rest will come from investors.
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