CII Bridges and Roads Investments Joint Stock Co. (CII B&R), a Vietnamese affiliate of Metro Pacific Tollways Corp. (MPTC), is set to begin construction on the US$1.53 billion expansion of the Ho Chi Minh City–Trung Luong–My Thuan Expressway in September this year, marking a milestone in Vietnam’s infrastructure push.
At a recent roundtable, CII Capital Management director Le Trung Hieu confirmed that the Vietnamese government has appointed CII directly as project investor, bypassing traditional bidding to accelerate development.
The 96-kilometer expansion will improve connectivity between Ho Chi Minh City and the Mekong Delta, with works extending beyond the My Thuan 2 Bridge in Tien Giang Province. Initial expenditures this year will focus on site preparation, while the bulk of capital spending is scheduled between 2026 and 2028.
The project—classified as a Group A special-level road transport development—has faced delays due to right-of-way and coordination issues, though recent administrative reforms merging provinces such as Ho Chi Minh City, Binh Duong, and Ba Ria-Vung Tau aim to ease bureaucratic hurdles.
With a total cost breakdown including ₫23.5 trillion for construction and equipment, ₫4.4 trillion for land clearance, and ₫4.8 trillion in interest during construction, the project will be financed through 15 percent equity and 85 percent loans, with an average annual interest rate of 10.75 percent.
MPTC’s involvement aligns with its broader regional growth strategy across Southeast Asia, including ongoing toll road investments in Vietnam and Indonesia.
