Vingroup officially assigned by Ho Chi Minh City to propose railway project to Can Gio

The direction of the high-speed urban railway connecting from the center to the Can Gio coastal urban area - Vinhomes Green Paradise - Photo: Vingroup Corporation

The Ho Chi Minh City People's Committee has just issued a document approving Vingroup Corporation to research and prepare a proposal for an urban railway project connecting the city center with Can Gio district under the public-private partnership (PPP) model.

Accordingly, Vingroup Corporation is responsible for balancing its own budget to research and prepare project proposal documents, without using the city budget. In case the project proposal documents are not approved, the investor shall bear all risks and expenses incurred.

The city requests Vingroup to study and prepare a project proposal document ensuring the requirements, quality, content, and components are in accordance with regulations. At the same time, complete the project proposal document and submit it to the competent authority within 12 months from the date of issuance of this document.

In case the project proposal is not approved by the competent authority, or is not completed within 12 months, this document will be invalid. Vingroup Corporation shall bear all risks and expenses incurred.

According to the City People's Committee, the approval of research and preparation of proposal documents does not require the appointment of Vingroup Corporation as the investor to implement the project.

After completing the procedures on investment policy, project announcement and approved feasibility study report, the city will organize a bidding to select an investor in accordance with current legal regulations.

The City People's Committee assigned the Department of Finance to take the lead and coordinate with specialized departments, relevant units and localities, and consult and receive opinions from scientists and experts in the railway field to guide Vingroup Corporation in the process of researching and preparing project proposal documents.

The Department of Finance receives project proposal documents after investors have completed them; advises and proposes to the City People's Committee on the order and procedures for organizing appraisal and submitting them to competent authorities for consideration of investment policies in accordance with regulations; ensuring the quality, efficiency and feasibility of the project.

In case the project is decided on investment policy by the competent authority, the Department of Finance shall advise and propose to the City People's Committee to direct the implementation of the next procedures for implementation in accordance with regulations.

The railway line connecting the city center to Can Gio is about 48.7km long. The project starts from Nguyen Van Linh Street (between the intersection with Nguyen Thi Thap Street and Ly Phuc Man Street, District 7) - Nguyen Luong Bang - Rung Sac and the end point is located on a 39ha land adjacent to the Can Gio coastal urban tourism project.

Proposal to add railway route to Can Gio applying resolution 188

In a report to the Prime Minister on April 21, the Ho Chi Minh City People's Committee said that the list of projects attached to Resolution 188 of the National Assembly on piloting a number of specific and special mechanisms and policies to develop urban railways in Ho Chi Minh City and Hanoi does not include the urban railway line connecting the center to Can Gio district.

Therefore, the City People's Committee proposed that the Prime Minister agree on the policy of adding this urban railway line to the project list attached to Resolution 188 to speed up the investment process.

DUC PHU

Source: https://tuoitre.vn/vingroup-chinh-thuc-duoc-tp-hcm-giao-lap-de-xuat-du-an-duong-sat-di-can-gio-20250506114124445.htm