Cát Lái Bridge Project: CC1 to Construct $760 Million PPP Mega-Structure

Construction Corporation No. 1 - JSC (UPCoM: CC1) has released an Environmental Impact Assessment (EIA) report for the Cat Lai Bridge and Access Road investment project. In the first half of December alone, CC1's Board of Directors approved a plan to borrow over ten trillion VND from various banks.

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According to the report, the Cat Lai Bridge and its connecting road project spans approximately 11.642 km, located in Cat Lai Ward, Ho Chi Minh City, and Dai Phuoc Commune, Dong Nai Province. The project begins on Nguyen Thi Dinh Street, about 400 meters from the My Thuy intersection, and ends at Km13+142, connecting with the Ben Luc – Long Thanh Expressway at around Km33+500.

The Cat Lai Bridge will directly replace the existing Cat Lai ferry route, which currently serves around 50,000 passengers and vehicles daily, often causing congestion during peak hours. On the Dong Nai side, the bridgehead is situated in Dai Phuoc Commune, approximately 25 km from the former center of Bien Hoa City and 15 km from Long Thanh International Airport. On the Ho Chi Minh City side, the bridgehead is in Cat Lai Ward, located in the southeastern outskirts of the city center, home to the Cat Lai Urban Area, Cat Lai Residential Area, Cat Lai Port, and the largest logistics and warehousing system in the Southern region.

Route map of the project area.

The project is funded through a Public-Private Partnership (PPP) model, with a Build-Transfer (BT) contract paid from the state budget. The investor will raise equity and loans to finance the construction, with payment made from the state budget after the project is operational. The state budget is not used during construction but only for settling payments to the investor post-completion.

Construction is scheduled from 2025 to 2029, with a total investment (including interest) of nearly VND 17.7 trillion. This includes over VND 3.4 trillion for compensation, support, and resettlement; and nearly VND 9.5 trillion for construction.

Total project investment

The project requires approximately 140.8 hectares of permanent land, including 14.9 hectares for residential use, 13.3 hectares for roads, 13.2 hectares for rivers and canals, 1.03 hectares for other non-agricultural purposes, and over 43.5 hectares of agricultural land to be repurposed.

Cross-section of the main bridge at the tower. Source: CC1

On October 20, the People’s Committee of Dong Nai Province approved the investor’s proposal for the Long Hung Bridge and Cat Lai Bridge projects under the PPP model. In addition to the Cat Lai Bridge, the committee supports CC1’s initiative to study and implement the Long Hung Bridge (Dong Nai 2 Bridge) project. The company will collaborate with relevant departments and localities to research the route, develop related plans, and determine compensation costs, resettlement support, and land requirements. Once an agreement is reached with Ho Chi Minh City’s People’s Committee, Dong Nai Province will be authorized to execute the Long Hung Bridge project and consider assigning the proposing unit as per PPP regulations.

As of Q3/2025, CC1 holds total assets of nearly VND 15.8 trillion, with equity of over VND 4.5 trillion. Its loans and financial leases exceed VND 6 trillion.

On December 11, the CC1 Board of Directors approved a credit confirmation letter issuance by Military Commercial Joint Stock Bank – Transaction Office 2 (MB, HOSE: MBB) valued at nearly VND 3,537 billion. Earlier, the Board approved a VND 1,770 billion loan from the Bank for Investment and Development of Vietnam (BIDV, HOSE: BID) – Ho Chi Minh City Branch, including a maximum of VND 590 billion for loans, payment guarantees, and L/C. In early December, CC1 also secured a VND 6,000 billion loan from BIDV, with a maximum limit of VND 2,000 billion for loans, payment guarantees, and L/C.

On January 9, 2026, CC1 will hold an extraordinary shareholders’ meeting to approve capital increases, board member changes for the 2021-2026 term, and other agenda items within the assembly’s authority.

Thu Minh

– 10:48 15/12/2025

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