Vingroup Corporation has just submitted a document to the Ho Chi Minh City People's Committee for appraisal of the Pre-Feasibility Study Report of the Can Gio - Vung Tau connecting road and bridge investment project under the public-private partnership (PPP) method, BT contract (build - transfer).
According to the design plan, the project has a total length of about 14.67 km, of which the nearly 11 km long sea overpass section includes 4 lanes for motor vehicles and 2 mixed lanes, with a design speed of 60 km/h. The bridge uses a cable-stayed structure, a main span is 600 m long, and a clearance of 55 m for large ships to pass.
The approach road is nearly 3.8 km long, with a design speed of 80 km/h, and a scale synchronous with existing routes and planning.
The starting point of the project is located on the East Sea 2 road, in the Can Gio coastal urban area (Can Gio commune). The end point is at the intersection between Mai Sao - Ben Dinh planned road and 30/4 road, in Tam Thang ward (Vung Tau).
Regarding the route direction, from the starting point in Can Gio, the route goes in the Southeast direction across Ghenh Rai Bay, mostly running at sea, then connecting to the Mai Sao - Ben Dinh planned road axis and ending at the intersection of 30/4 road.
The total preliminary investment of the project is about 104,410 billion VND. Of the total investment capital, construction costs account for VND 58,642 billion; site clearance VND 407 billion; equipment costs VND 2,927 billion; loan interest VND 19,313 billion; the rest is contingency, management, consulting costs...
Investors plan to mobilize 100% from equity and commercial loans. The State will pay with counterpart land funds according to Decree 257/2025/ND-CP, with the value of the land fund equivalent to the value of the project.
The proposed project implementation roadmap is as follows: In the first quarter of 2026, the Pre-Feasibility Study Report will be approved; in the third quarter of 2026, the Feasibility Study Report will be approved and site clearance will be conducted in the third and fourth quarters of 2026.
It is expected that in the fourth quarter of 2026, investors will be selected and issued an investment registration certificate. The project started construction in the first quarter of 2027 and was completed and put into operation in the first quarter of 2032.
Vingroup proposed that the Ho Chi Minh City People's Committee approve the Pre-Feasibility Study Report; approve the project investment policy under the PPP - BT contract method; allow the selection of investors in special cases and use land funds for payment according to regulations.
According to the report, Can Gio and Long Son - Vung Tau are two coastal areas with great potential for eco-tourism, industry - seaports and logistics.
However, there is currently no direct connection route; people and businesses have to go around National Highway 51 or travel by Can Gio - Vung Tau ferry, taking 90 - 120 minutes.
When completed, the project will create a direct, only connection axis between Ho Chi Minh City and Vung Tau in the coastal direction, shortening travel time to 15 - 20 minutes.
The project also supports the development of Can Gio Sea Tourism Area, Long Son Industrial Park; increases the exploitation capacity of Cai Mep - Thi Vai port cluster; reduces the load on National Highway 51 and Road 965; creates momentum for socio-economic development in the southern area of Ho Chi Minh City.
