The Daily Tribune
MPTC unit eyes $1.5-B Vietnam toll road expansion
Metro Pacific Tollways Corp. (MPTC), through its subsidiary CII Bridges and Roads Investments Joint Stock Co. (CII), aims to commence the expansion of the Ho Chi Minh City - Trung Luong - My Thuan Expressway by September.
The nearly $1.6-billion expressway project spans approximately 96 kilometers and is considered crucial for enhancing transportation connectivity in southern Vietnam.
CII has been directly appointed as the investor for the second phase of the expressway, a move by the Vietnamese government to expedite development.
The majority of the capital expenditure for the project is scheduled between 2026 and 2028, with this year's funds allocated for site preparation and initial works.
MPTC holds a 45% stake in CII, which is tasked with implementing the VND 39.8-trillion, or about $1.53-billion, expansion.
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