Aug 30, 2015 / 10:33
Government assigns an investor of Long Thanh International Airport project
The Prime Minister has agreed to assign the Airports Corporation of Vietnam (ACV) as an investor of Long Thanh International Airport project.
The corporation will be responsible for using its investment and development fund to implement a feasibility report on the first phase of the project.
The National Assembly approved the Long Thanh International Airport project on the morning of June 25.
The Long Thanh International Airport is expected to handle 25 million passengers and 1.2 million tonnes of cargo by 2025 in the first phase which includes the construction of a runway, a terminal together with auxiliary facilities.
The project will be implemented in three phases in Long Thanh district, Dong Nai.
The airport, covering a total of 5,000 hectares, will be constructed as a category 4F airport in line with the standard codes of the International Civil Aviation Organisation (ICAO).
The second and third phases will continue building more runways and terminals to bring the total capacity to 100 million passengers and five million tonnes of cargos a year.
Total investment capital for the project is estimated at 336.63 trillion VND (16.03 billion USD). Of these, 114.45 trillion VND (5.45 billion USD) will be spent on the first phase.
Project resources will be sourced from the State budget, the aviation sector’s equitisation capital, official development assistance (ODA), public-private partnership capital and other sources in line with the law.
The National Assembly approved the Long Thanh International Airport project on the morning of June 25.
The Long Thanh International Airport is expected to handle 25 million passengers and 1.2 million tonnes of cargo by 2025 in the first phase which includes the construction of a runway, a terminal together with auxiliary facilities.
The project will be implemented in three phases in Long Thanh district, Dong Nai.
The airport, covering a total of 5,000 hectares, will be constructed as a category 4F airport in line with the standard codes of the International Civil Aviation Organisation (ICAO).
The Prime Minister has given a nod to the Airports Corporation of Vietnam to invest in Long Thanh International Airport.
|
Total investment capital for the project is estimated at 336.63 trillion VND (16.03 billion USD). Of these, 114.45 trillion VND (5.45 billion USD) will be spent on the first phase.
Project resources will be sourced from the State budget, the aviation sector’s equitisation capital, official development assistance (ODA), public-private partnership capital and other sources in line with the law.
Other News
- Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
- Better links with FDI firms to support Hanoi businesses
- Vietnam calls for more US investment in innovation, hi-tech
- Vietnamese leader urges Boeing to build production facility in Vietnam
- Foreign capital pouring into Vietnam's real estate market
- Vietnam news in brief - August 24
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
Trending
-
Hanoi spearheads anti-waste measures to accelerate urban development
-
Vietnam news in brief - November 24
-
Vietnam, Bulgaria to boost trade and investment cooperation
-
Finding ways to unlock Hanoi's suburban tourism potential
-
Hang Ma Street gears up for festive season
-
A Hanoi artisan turns straw into appealing tourism product
-
“Look! It’s Amadeus Vu Tan Dan” workshop - an artistic journey for kids
-
Vietnam news in brief - November 15
-
Experiencing ingenious spaces at the Hanoi Creative Design Festival 2024