Can Gio Bridge Project worth over 11,000 billion VND attracts domestic investors

Two domestic investors sent a document to the Ho Chi Minh City People's Committee proposing to participate in the investment of the Can Gio Bridge Project with a total investment of VND 11,087 billion.

Ho Chi Minh City Department of Planning and Investment has just issued Document No. 7494/SKHDT-PPP in response to Phuong Dong Trading and Construction Joint Stock Company regarding its proposal to become the investor of the Can Gio Bridge Project.

Perspective of Can Gio bridge connecting Nha Be district with Can Gio district.

The Department of Planning and Investment said that according to Article 26 of the Law on Investment under the Public-Private Partnership method in 2020, one of the conditions for a PPP project proposed by an investor is: "Does not overlap with a PPP project for which a competent authority is preparing a pre-feasibility study report or has approved another investor to prepare a pre-feasibility study report".

For the Can Gio Bridge Project, the Ho Chi Minh City People's Committee has assigned the Department of Transport to be the project preparation unit, responsible for preparing and submitting for appraisal the Pre-Feasibility Study Report and Feasibility Study Report of the Project.

Therefore, businesses interested in the project can register to implement it during the process of the City organizing a survey of investor interest for consideration.

Previously, in January 2024, Trung Nam Construction Investment Joint Stock Company (under Trung Nam Group) also proposed to participate in the construction of Can Gio bridge under the form of public-private partnership (PPP).

Previously, Trung Nam Group joined forces with Can Gio Urban Tourism Joint Stock Company to prepare a pre-feasibility study report for the Can Gio Bridge Project.

The project was previously implemented in the form of BOT combined with BT. However, according to the provisions of the Law on Investment under the Public-Private Partnership ( PPP) effective from June 18, 2020, BT contracts are no longer included in the investment forms. Therefore, the Can Gio Bridge Project has not yet been approved for investment policy.

In 2022, the Ho Chi Minh City People's Committee has a policy to restart the Can Gio Bridge Project and assign the Department of Transport to carry out investment preparation work.

Currently, the Can Gio bridge project has completed the pre-feasibility study report and submitted it to the Ho Chi Minh City People's Council for approval at the mid-2024 session. If approved by the City People's Council, this bridge will start construction on April 30, 2025.

The Can Gio bridge project connecting Nha Be and Can Gio districts is 7.3 km long, 6 lanes wide, invested in the form of PPP BOT contract (build - operate - transfer).

The project has a total investment of 11,087 billion VND (including interest of 518 billion VND). It is expected that the City's budget capital participating in the project is 5,246 billion VND (accounting for 49.6% of the total investment excluding interest), the BOT capital is 5,323 billion VND (accounting for 50.37% of the total investment excluding interest)

Source: https://baodautu.vn/du-an-cau-can-gio-hon-11000-ty-dong-hut-nha-dau-tu-trong-nuoc-d218160.html