The proposal has been sent to the Prime Minister. If the plan is approved, it will be presented to the National Assembly.
The Ministry of Transport needs USD7.8 billion to clear 5,000 ha of land and build a station that can serve 25 million passengers each year. However, due to difficulties in acquiring capital, the ministry divided the plan into two phases.
The first phase would clear 2.500 of land and build a runway and a station with capacity to serve 17 million passengers per year, and would require USD5.6 billion. USD2.2 billion would be spent on clearing the rest of the land and building another runway in second phase.
According to the ministry, USD2.7 billion for first phase would come from state budget and ODA and the other USD2.9 billion from enterprises. The first phase is scheduled to start in 2017 and for completion in 2023.
