CT Group JSC has proposed a USD12 billion railway project linking Ho Chi Minh City, Can Tho City, and Ca Mau Province. The company has submitted a proposal to Prime Minister Pham Minh Chinh and the Ministry of Construction, seeking approval to prepare a pre-feasibility report and implement the project under a public-private partnership (PPP) model.
The line is planned to operate at speeds of 200–250 km/h, potentially reaching 350 km/h in future phases. It will begin at Thu Thiem Station, connecting with the North–South high-speed railway and Long Thanh International Airport, before extending southward in two phases — 160 km to Can Tho (Phase 1) and 120 km to Ca Mau (Phase 2). The double-track, standard gauge (1,435 mm), fully electrified line will carry both passengers and freight.
CT Group has partnered with China Railway Design Corporation for feasibility studies and Power Construction Corporation of China for EPC model exploration. The company suggested an 80:20 public private partnership (PPP) structure, with the government funding 80 percent through public investment and CT Group contributing the remaining 20 percent. To finance its share, the firm plans to allocate 75 per cent of land development revenue from 800 hectares across key station areas in Ho Chi Minh City, Can Tho, and Ca Mau.
Construction is expected to begin in 2027 after feasibility and environmental studies conclude in 2026–27, with commercial operations targeted for 2031–32. The proposal complements the My Thuan Project Management Board’s ongoing study of the 175.2 km Ho Chi Minh City–Can Tho line, estimated at VND173.6 trillion (USD7.16 billion) for Phase 1.
