feasibility study report,Long Thanh International Airport,14th National Assembly,Airports Corporation of Vietnam,Minister of Transport,Nguyen Van The,Vietnam

Minister of Transport Nguyen Van The speaks at the working session.

It was reported that the first phase costs about 4.78 billion USD that comes from aviation businesses and other sources.

The Government has proposed the Airports Corporation of Vietnam (ACV) as the investor of major items of the phase. The corporation is expected to mobilise nearly 2.63 billion USD in addition to its coffer of over 1 billion USD.

At the session, many legislators expressed their concern over land clearance as the Government aims to reclaim another 136 ha to construct the road linking to the 5,000-ha airport.

Besides, ACV’s mobilised capital would affect public debt as well as the progress and capital disbursement of the project, they said.

 

Minister of Transport Nguyen Van The affirmed that the airport will be equipped with current state-of-the-art technologies.

Highlighting the project’s high economic efficiency, the minister said foreign organisations should be confident in supporting the ACV. However, he said, they will be mobilised only when domestic resources fail to meet the demand.

The official said the airport can serve up to 20-25 million passengers each year right after its completion. The number will amount to 85 million by 2030 and 100 million in the second phase.

He pledged all-out efforts to ensure the project’s progress and quality./.VNA

Commencement date nears, but capital sources for Vietnam's giant Long Thanh airport still unclear

Commencement date nears, but capital sources for Vietnam's giant Long Thanh airport still unclear

The Long Thanh International Airport project is scheduled to kick off in 2021, with the first phase of the project expected to be completed by 2025.

Long Thanh international airport will operate by 2025: transport minister

Long Thanh international airport will operate by 2025: transport minister

Long Thanh international airport will open its doors by 2025 at the latest and will handle 25 million passengers and 1.2 million tonnes of goods a year once the first phase is completed.