Dai Quang Minh Company proposes PPP investment for a 13km viaduct

On September 9, Member of the Provincial Party Committee and Vice Chairman of the Dong Nai People’s Committee Ho Van Ha chaired a working session with leaders of departments, sectors, and representatives of the investor, Dai Quang Minh Real Estate Investment Joint Stock Company (Dai Quang Minh JSC), to hear the company’s investment proposal for a road project connecting Dong Xoai to Ho Chi Minh City’s Ring Road No. 4 via Provincial Road 753 and Ma Da Bridge, as well as the section from Ma Da Bridge to Ho Chi Minh City’s Ring Road No. 4.

Member of the Provincial Party Committee and Vice Chairman of the Dong Nai People’s Committee Ho Van Ha speaks at the working session. Photo: Pham Tung

According to the investor, the project has a total length of more than 61km, classified as a Grade III delta road, with a design speed of 80km/h. In phase 1, the road will have a cross section of 20.5m with four lanes which will be expanded to 34.5m with eight lanes upon completion. The project’s total investment is estimated at over VND 22.6 trillion.

Regarding the investment plan, Dai Quang Minh JSC proposed dividing the project into four component projects: Component project 1, construction of a viaduct crossing the Dong Nai Culture and Nature Reserve; Component project 2, construction of a road connecting the viaduct to Ho Chi Minh City’s Ring Road No. 4; Component project 3, upgrading and expanding Provincial Road 753; and Component project 4, site clearance for the entire project.

Of these, the investor proposed that Component projects 2, 3 and 4 be implemented with public investment. For Component project 1, involving about 13km of viaduct with an estimated cost of over VND 11 trillion, Dai Quang Minh JSC proposed implementation under a public-private partnership (PPP) model through a build–transfer (BT) contract using land funds. The company also indicated that if approved as the project investor, construction would commence by the end of 2026.

Concluding the meeting, Vice Chairman of the Dong Nai People’s Committee Ho Van Ha emphasized that the road connecting Dong Xoai to Ho Chi Minh City’s Ring Road No. 4 via Provincial Road 753 and Ma Da Bridge, as well as the section from Ma Da Bridge to Ho Chi Minh City’s Ring Road No. 4, would serve as a backbone traffic route for Dong Nai. At the same time, it would play a key role in linking the Central Highlands with Long Thanh International Airport and the Cai Mep – Thi Vai port complex. Therefore, for Dai Quang Minh JSC, in addition to proposing Component project 1 under a PPP model with a BT contract, the company should also study and suggest alternative contractual forms.

Regarding the project’s construction timeline, Vice Chairman of the Dong Nai People’s Committee Ho Van Ha requested the investor to review and shorten the proposed schedule, with the most suitable commencement time being in the second quarter of 2026.

By: Pham Tung

Translated by: M.Nguyet-Thu Ha