The CT Group plans to invest USD9.98 billion to build a high-speed rail (HSR) line connecting Ho Chi Minh City and Can Tho City in Vietnam. The project will be implemented under a public-private partnership (PPP) model.
The company has partnered with China Railway Engineering Design Group Corporation Limited (CRECG), Power China, China Railway No.2 Group, and Tedi South to form the CMEX alliance. This consortium is seeking financial support from the World Bank, China Construction Bank, and the National Bank of China for the transit project. Meanwhile, the Government of Vietnam will cover 25 per cent of the total project cost.
The 174-km-long HSR line will connect six provinces of Binh Duong, Ho Chi Minh City, Long An, Tien Giang, Vinh Long, and Can Tho, featuring 12 stations for both passengers and freight. The line will serve 16.4 million passengers and transport 19.1 million tons of cargo annually by 2035 and 42 million passengers and 81 million tons of cargo annually by 2050.
CT Group also proposed building 12 urban areas along the railway under the transit-oriented development (TOD) model. Upon approval, the company will complete the pre-feasibility report by mid-2024 and the entire project before 2032.
