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Trung Nam Group proposes to invest in Can Gio bridge under new BT form

Trung Nam Group proposed to invest in the Can Gio Bridge Project under the new BT form stipulated in Law No. 90/2025/QH15 of the National Assembly instead of investing under the BOT form currently being researched.

Báo Đầu tưBáo Đầu tư29/12/2024

Trung Nam Group has just sent a document to the People's Committee of Ho Chi Minh City proposing to participate in the Can Gio Bridge Construction Investment Project according to Law No. 90/2025/QH15 of the National Assembly issued on June 25, 2025.

In the document, Trung Nam Group said that currently, Law No. 90/2025/QH15 of the National Assembly amends and supplements a number of articles of the Law on Bidding, the Law on Investment under the public-private partnership model, the Customs Law, the Law on Value Added Tax, the Law on Export Tax and Import Tax, the Investment Law, the Investment Law, and the Law on Management and Use of Public Assets.

In particular, the BT (build-transfer) contract form takes effect from July 1, 2025, creating conditions for Ho Chi Minh City to mobilize private resources to develop key transport infrastructure projects.

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

Regarding the Can Gio Bridge Construction Investment Project, Trung Nam Group believes that the project is currently proposed to be invested in the form of BOT with a total investment capital of about 10,569 billion VND, which is not suitable because the BOT form requires the ability to recover capital independently, while Can Gio Bridge is the only bridge connecting the mainland with Can Gio.

Therefore, charging fees will directly affect people's choices.

On the other hand, investing in the form of BOT causes difficulties in financial planning because of low traffic volume and the payback period of 30-50 years, so it is not attractive to investors.

Furthermore, competition from metro line 12 will reduce the demand for personal transportation, directly affecting the Project's ability to collect tolls to recover capital.

For the above reasons, Trung Nam Group proposed to the People's Committee of Ho Chi Minh City to allow the enterprise to carry out the Pre-Feasibility Study Report of the Can Gio Bridge Construction Investment Project, in the form of BT contract, according to the provisions of Law No. 90/2025/QH15, effective from July 1, 2025.

Trung Nam Group commits to mobilize optimal resources to implement the Project and submit the dossier as soon as the Ho Chi Minh City People's Committee approves the project in principle to shorten the progress and contribute to the development of the City's traffic infrastructure.

Source: https://baodautu.vn/tap-doan-trung-nam-de-xuat-dau-tu-cau-can-gio-theo-hinh-thuc-bt-moi-d354245.html


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