Vingroup has submitted a pre-feasibility study report to the Ho Chi Minh City People’s Committee for a groundbreaking sea-crossing bridge and road project connecting Can Gio and Vung Tau. The project is proposed under a Public-Private Partnership (PPP) model, specifically a Build-Transfer (BT) contract.
The proposed route begins at Bien Dong 2 Road in the Can Gio Coastal Urban Area (former Can Gio District) and ends at the intersection of Mai Sao – Ben Dinh and 30/4 Road (former Vung Tau).
Spanning over 14 km, the project includes a 6-lane roadway. Key components are a 3 km undersea tunnel, a nearly 8 km sea bridge with a 55-meter clearance, and nearly 3 km of approach roads—1.1 km in Can Gio and 1.9 km in Vung Tau.
The total investment is projected to exceed 104 trillion VND. This includes 58 trillion VND for construction, 400 billion VND for land clearance, nearly 3 trillion VND for equipment, over 19 trillion VND in loan interest, and the remainder for contingencies, management, and consulting fees.
Vingroup plans to self-finance the entire project, with the government compensating through land allocation upon completion.
The company aims for pre-feasibility study approval by Q1/2026 and final feasibility study approval by Q3/2026. Construction is slated to begin in 2026, with completion and operation targeted for 2029.
To ensure timely progress, Vingroup urges the Ho Chi Minh City People’s Committee to expedite approval of the pre-feasibility study and endorse the PPP-BT investment model. The company also requests special investor selection mechanisms and land-based compensation as per regulations.
Can Gio and Long Son – Vung Tau are coastal areas with significant potential in eco-tourism, maritime industry, and logistics, yet lack a direct connection. Current travel options via National Highway 51 or the Can Gio – Vung Tau ferry take 90–120 minutes.
Upon completion, the project will establish the sole direct coastal link between Ho Chi Minh City and Vung Tau, reducing travel time to just 10 minutes.
The initiative is expected to boost the Can Gio Coastal Tourism Area and Long Son Industrial Zone, enhance the capacity of Cai Mep – Thi Vai Port, alleviate congestion on National Highway 51 and Road 965, and expand socioeconomic development in southern Ho Chi Minh City.
Previously, the Ho Chi Minh City People’s Committee authorized Vingroup to conduct research and prepare the investment proposal. The city stipulated that if the proposal remains incomplete or unapproved after 12 months, Vingroup will be deemed to have withdrawn, bearing all costs without recourse for complaints.
The committee clarified that the research authorization does not guarantee Vingroup’s selection as the investor. The official investor selection process will be conducted transparently and competitively, adhering to current legal frameworks.
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