The People’s Committee of Dong Nai Province has recently approved a consortium led by Construction Corporation No. 1 JSC (Stock Code: CC1) as the investor for two bridge projects: Cat Lai Bridge and Long Hung Bridge (Dong Nai 2 Bridge) under the Public-Private Partnership (PPP) model. On January 15th, the province will hold a groundbreaking ceremony for both the Cat Lai Bridge and Long Hung Bridge projects.
The Cat Lai Bridge, with a preliminary investment of approximately VND 18,300 billion, spans nearly 11.6 km, including a main bridge section of about 3 km. Designed for 8 lanes and a speed limit of 80 km/h, the bridge will connect Nguyen Thi Dinh Street (Ho Chi Minh City) to Dai Phuoc Commune (Nhon Trach District).
Meanwhile, the Long Hung Bridge, with an investment of over VND 11,495 billion, has a total length of approximately 12 km, including a 2.3 km bridge section. This project aims to directly connect National Highway 51 (Bien Hoa City) with Ring Road 3 (Long Phuoc Ward, Ho Chi Minh City), thereby reducing traffic pressure on National Highway 1, National Highway 51, and the Ho Chi Minh City – Long Thanh – Dau Giay Expressway.
Regarding project financing, the investor is responsible for arranging both equity and loan capital. Subsequently, the government’s payment may be made through land auction proceeds or public investment funds.
On the corporate side, CC1 recently held an Extraordinary Shareholders’ Meeting in 2025 to approve the issuance of 100 million shares at VND 11,100 per share, aiming to raise approximately VND 1,110 billion for PPP projects. Of this amount, over VND 849 billion (around 76%) will be allocated to the Cat Lai Bridge project, while the remaining VND 261 billion is earmarked for the Long Hung Bridge.
CC1 has announced that it is currently executing approximately 70 contracts nationwide. In addition to the two bridge projects in Dong Nai, the company is involved in several large-scale infrastructure projects, such as the Ring Road 4 in the Hanoi Capital Region (with a total investment of approximately VND 17,000 billion). CC1 is also contributing to key projects like Long Thanh Airport, Dong Hoi Airport, Quang Trach Thermal Power Plant, and Na Duong Thermal Power Plant.
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