HCMC to break ground on series of projects worth over $9 bln

Ho Chi Minh City is set to commence a series of major infrastructure projects with a total investment of nearly VND240 trillion (over $9 billion).

The city People's Committee has issued a plan to organize the groundbreaking ceremonies for key infrastructure and transportation projects in the city, in celebration of the 14th National Congress of the Communist Party of Vietnam, with the ceremonies scheduled on January 15.

The central event will be the groundbreaking of the Rach Chiec National Sports Complex in Binh Trung Ward. Other events include the commencement of the construction of Metro Line 2 (Ben Thanh - Tham Luong) at the Tham Luong depot in Dong Hung Thuan Ward, the groundbreaking of the Can Gio Bridge in Binh Khanh and Nha Be communes, and the groundbreaking of the Phu My 2 Bridge in Phu Thuan, and Tan My wards, and Nha Be Commune.

Metro Line No. 2 (Ben Thanh – Tham Luong) is a public investment project spanning over 11 km, linking downtown Ho Chi Minh City with its northwestern gateway. The entire route features 10 underground stations, one elevated station, and a depot, with a total investment estimated at approximately VND57 trillion (over $2.16 billion).

The Rach Chiec National Sports Complex, with a preliminary investment of over VND145.6 trillion ($5.54 billion), will be developed as a public-private partnership (PPP) on nearly 187 ha. It is envisioned as a modern sports economic ecosystem, aiming to become a national and regional sports hub.

The Can Gio Bridge project, with an investment of about VND13.2 trillion (nearly $503 million), will also be executed as a PPP under a build-transfer (BT) contract, with payment through land funds. This project is deemed crucial for enhancing connectivity between the Can Gio coastal area and regional infrastructure, particularly Long Thanh Airport.

The Phu My 2 Bridge, approximately 6.3 km long, will connect the southern part of Ho Chi Minh City with Nhon Trach (Dong Nai) and Long Thanh Airport. It has a preliminary investment of nearly VND23.2 trillion ($883 million) and will be implemented as a PPP under a BT contract.