MPTC, CII plan $1.6B Ho Chi Minh expressway expansion
Metro Pacific Tollways Corp. (MPTC), through its joint venture with CII Bridges and Roads Investments Joint Stock Co. (CII B&R), plans to start expanding the Ho Chi Minh City-Trung Luong-My Thuan Expressway by September.
The project, valued at nearly $1.6 billion, aims to improve transport connectivity in southern Vietnam by covering approximately 96 kilometers of expressway.
In a roundtable discussion, CII's Director of Capital Management Le Trung Hieu said the company is now working on four additional toll road projects worth a combined $1.65 billion.
These projects include the construction of Thu Thiem Bridge 4 in Ho Chi Minh City at $232 million; the upgrade and expansion of National Highway 22 at $401 million; the north-south corridor (Nguyen Huu Tho Road) from Nguyen Van Linh to Ben Luc-Long Thanh Expressway at $381 million; and a road project along NH51 valued at $635 million.
MPTC's involvement in CII reflects its ambition to expand toll road assets overseas as part of MPIC's broader strategy.
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