CII Wins BOT Contract for 6,276B VND National Highway 13 Expansion

Overview

CII (HOSE: CII) and its consortium have been officially selected as the special-case investor for the BOT project to upgrade and expand National Highway 13 in Ho Chi Minh City. The project, with a total investment of approximately 6,276 billion VND, will create a 10-14 lane road and is scheduled to start construction on August 29, 2026.

Key Facts

• The consortium includes CII, CII PPP (Công ty TNHH Đối tác Công tư CII), and CTCP Xây dựng Hạ tầng IMIC.
• CII holds a 51% stake in the consortium, with CII PPP as the lead member.
• The project covers a 5.9 km section from Bình Triệu Bridge to the old Bình Dương border.
• Total investment is approximately 6,276 billion VND (about USD 251 million).
• The upgraded road will have a cross-section of 60 meters, including a 4-lane elevated road (80 km/h) and an 8-10 lane service road (60 km/h).
• Construction is expected to begin on August 29, 2026, with completion and operation from early 2029.
• The decision was approved by the HCMC People’s Committee on August 26, 2026 (Decision No. 5588/QĐ-UBND).

What Happened

On August 26, 2026, the Ho Chi Minh City People’s Committee issued Decision No. 5588/QĐ-UBND approving the selection of a consortium comprising CII, CII PPP, and IMIC as the special-case investor for Component Project 2 – upgrading and expanding National Highway 13, from Bình Triệu Bridge to the old Bình Dương border. The project is implemented under a PPP (Public-Private Partnership) model with a BOT (Build-Operate-Transfer) contract.

The project spans approximately 5.9 km in Hiệp Bình Ward, with a total investment of about 6,276 billion VND. Upon completion, National Highway 13 will feature a 60-meter cross-section, including a 4-lane elevated road designed for 80 km/h to handle inter-regional traffic, and an 8-10 lane service road at 60 km/h for local traffic. This effectively creates a 10-14 lane corridor with synchronized bridges, intersections, and technical infrastructure.

The consortium is also being considered for further investment in the Bình Triệu – Hàng Xanh corridor, which could include an elevated road along Xô Viết Nghệ Tĩnh – Đinh Bộ Lĩnh, a new Bình Triệu Bridge 3, and upgrades to key intersections.

Market Context

CII closed at 14,800 VND on August 27, 2026, on the HOSE. The company is a major private infrastructure investor in Ho Chi Minh City, with a portfolio of BOT projects including toll roads, bridges, and water treatment plants. This contract win reinforces CII’s position in the city’s transport infrastructure sector, which is a key focus of the government’s public investment drive. The project aligns with HCMC’s broader plan to develop high-speed corridors to reduce congestion and improve connectivity with neighboring provinces like Bình Dương.

Strategic Significance

This contract win is strategically significant for CII as it secures a major new BOT project in its home market, adding to its pipeline of infrastructure assets. The project’s scale (6,276 billion VND) and the consortium’s 51% stake imply a substantial investment commitment, but also long-term revenue potential from toll collection. The additional study for the Bình Triệu – Hàng Xanh corridor could further expand CII’s footprint, creating a comprehensive transport corridor from Bình Dương to central HCMC. This aligns with CII’s strategy of focusing on high-traffic, high-value infrastructure projects that generate stable cash flows.

What to Watch

• Official signing of the BOT contract and financial close.
• Progress on site clearance and construction milestones, with the scheduled start on August 29, 2026.
• Any updates on the Bình Triệu – Hàng Xanh corridor study and potential new projects.
• CII’s Q3 2026 earnings report to assess the financial impact of the investment.
• Regulatory approvals and any changes in toll rates or PPP policies affecting project economics.