Long Thanh International Airport. (Photo: VNA) The Prime Minister has given a nod to the Airports Corporation of Vietnam (ACV) to invest in Long Thanh International Airport.
The corporation will be responsible for using its investment and development fund to make 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 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).
It 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 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.-VNA
