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Vietnam Today

ACV likely investor of Long Thanh Airport

Released at: 15:30, 04/08/2015

ACV likely investor of Long Thanh Airport

Proposal for Airports Corporation of Vietnam to be investor of first stage now awaiting government approval.

by Tue Lam-Anh Minh

Airports Corporation of Vietnam (ACV) has proposed it be the investor in the first stage of construction of the Long Thanh International Airport, according to Mr. Nguyen Hoang, Head of the Investing and Planning Department under the Ministry of Transport (MoT).

Mr. Hoang said that MoT has submitted the plan for ACV to be the investor to the government, with capital to come from ACV’s development investment capital.

The proposal is awaiting comment by others ministries, including the Ministry of Construction, the Ministry of Finance, and the Ministry of Planning and Investment.

If the Prime Minister approves the plan the selection of a contractor and the preparation of construction planning will be conducted shortly. It is expected that the selection of a contractor will take about eight months and construction planning 18 months.

After the National Assembly (NA) previously adopted the investment policy for Long Thanh International Airport, Mr. Le Manh Hung, General Director of ACV, said it would actively prepare all resources to implement the project as soon as possible and ensure the quick completion of the investment plan for submission to the government.

At its recent 9th session the NA approved the investment policy for the airport. It is an important international airport of the country and aims to become an aviation hub of the region, with a capacity of 100 million passengers and 5 million tons of cargo per year.  

The first phase will have one runway and one passenger terminal and other facilities, with a capacity of 25 million passengers and 1.2 million tons of cargo per year and is to be put into operation no later than 2025.

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