Trungnam Group has proposed that Ho Chi Minh City allow the company to prepare pre-feasibility study reports for the Can Gio Bridge and Thu Thiem 4 Bridge projects under a Build-Transfer (BT) contract model.
 |
Perspective rendering of Thu Thiem 4 Bridge. Photo: HCMC Department of Transport
|
In an official document recently sent to the Ho Chi Minh City People's Committee, Trungnam Construction Investment Corporation (Trungnam Group) proposed that the city allow it to carry out pre-feasibility reports for the Can Gio Bridge and Thu Thiem 4 Bridge projects under the BT (Build–Transfer) model.
According to Trungnam Group, investing in these two bridges through BT contracts would help the city mobilize private sector resources for key transportation infrastructure development without adding pressure to the state budget.
The investor also committed to mobilizing resources effectively to implement both projects with guaranteed quality and to promptly submit documents upon receiving policy approval from the city, aiming to shorten the timeline and contribute to the city’s infrastructure and economic development.
Trungnam Group noted that it has a competitive advantage, having previously collaborated with Can Gio Urban Tourism JSC to prepare a proposal for the Can Gio Bridge project. The research dossier was handed over to the Department of Transport to complete a report submitted to the City Appraisal Council on December 1, 2023.
"Based on our prior experience, we are particularly committed to contributing to the implementation of these two strategic projects," emphasized Mr. Nguyễn Tâm Thịnh, Chairman of the Board of Directors of Trungnam Group.
  |
|
Current status of the proposed Can Gio Bridge (top) and Thu Thiem 4 Bridge (bottom). Photo: Quỳnh Danh
|
In fact, the Thu Thiem 4 and Can Gio bridges are two major projects with critical significance to Ho Chi Minh City’s socio-economic development. The total estimated investment for both is over VND 17,000 billion.
According to the Department of Transport's proposal, the Can Gio Bridge will replace the Bình Khánh ferry, improving connectivity between Can Gio district and the city center, and easing traffic congestion on the Rung Sac route while reducing accidents and supporting continuous traffic flow.
The preliminary total investment for the Can Gio Bridge project is estimated at VND 11,087 billion, with Ho Chi Minh City expected to contribute more than VND 5,200 billion, and the remainder to be covered by the investor under the BOT model.
Meanwhile, the Thu Thiem 4 Bridge project spans more than 2 km with six lanes, connecting the Thu Thiem New Urban Area (Thu Duc City) with the South Saigon New Urban Area. It aims to ease traffic congestion and reduce accidents at the Cat Lai ferry area.
The total investment for the Thu Thiem 4 Bridge is estimated at over VND 6,000 billion, with the city contributing approximately VND 2,826 billion and the remainder funded by the investor.
Both projects have been proposed by the Department of Transport to be implemented under the public-private partnership (PPP) model, specifically via BOT (Build–Operate–Transfer) contracts.
COMMUNICATIONS TEAM
(Compiled)