Sale, transfers and investment all part of recent directions.
Minister of Transport Dinh La Thang gave certain directions on the mobilization of social capital for investment in aviation infrastructure at a meeting on February 25.
He requested that involved parties build a pilot project for selling 100 per cent of the capital at Phu Quoc Airport as well as transfer operational rights at some airports or create joint ventures to invest in new projects. He also gave details on plans for new investment, upgrading airports such as Khanh Hoa’s Cam Ranh Airport or selling the E lobby at Terminal T1 at Hanoi’s Noi Bai International Airport.
The Minister also said that another specific goal is to mobilize resources to invest in Long Thanh International Airport, to bring it up to international standards.
The Civil Aviation Authority of Vietnam is currently working with Airports Corporation of Vietnam (ACV) to submit to the Ministry of Transport the project “Expanding aircraft parking and building hangars for Tan Son Nhat International Airport”. The feasibility study is expected to be submitted to the Ministry in March.
ACV is currently preparing plans for equitization, which are to be completed in the second quarter of this year. The plan will explain how it will modernize and enhance growth at airports and accumulate capital for new investment, according to Mr. Nguyen Nguyen Hung, Chairman of the Member’s Council at ACV. Minister Thang has also directed the ACV to submit the plan to the Ministry in April.