Politics

NA approves investment policies of int’l airport, expressway projects

The investment aims to develop the Gia Binh International Airport to international standards as a smart, green, and sustainable next-generation facility, meeting socio-economic development, supporting dual-use operations, ensuring security and defence, and hosting important diplomatic events, including the APEC Economic Leaders' Meeting 2027.

NA deputies vote to pass laws and resolutions (Photo: VNA)
NA deputies vote to pass laws and resolutions (Photo: VNA)

Hanoi (VMA) - Legislators approved resolutions on the investment policies of Gia Binh International Airport and Vinh – Thanh Thuy expressway projects at their sitting on December 11 morning.

With 410 participating lawmakers voting in favour, representing 86.68% of the total number of NA deputies, the resolution on the investment policy of the Gia Binh International Airport was adopted.

The investment aims to develop the Gia Binh International Airport to international standards as a smart, green, and sustainable next-generation facility, meeting socio-economic development, supporting dual-use operations, ensuring security and defence, and hosting important diplomatic events, including the APEC Economic Leaders' Meeting 2027.

The airport is expected to meet five-star international service standards, ranking among the world’s top 10 five-star airports according to Skytrax, and be recognised for excellent passenger experience by the Airports Council International. It aims to serve as the northern gateway, a regional hub for passenger and cargo transit, and a maintenance, repair, and overhaul (MRO) facility for the Asia-Pacific region.

Covering an area of nearly 2,000 ha, the project has an estimated investment of 196.37 trillion VND (7.45 billion USD). Classified as an ICAO 4F airport, it is designed to serve around 30 million passengers and 1.6 million tonnes of cargo annually by 2030, and approximately 50 million passengers and 2.5 million tonnes of goods annually by 2050.

Meanwhile, the resolution on the investment policy of Vinh–Thanh Thuy Expressway was approved by 430 deputies, representing 90.91% of the total number of legislators.

The project aims to build a modern and integrated East–West transport corridor to meet transport demand, create new motivation and development space; connect Hanoi with Vientiane of Laos; link to the eastern North–South expressway and the Ho Chi Minh Road; create driving force for regional, inter-regional and international socio-economic development; and contributing to ensuring national defence and security.

The 60-km route in Nghe An province will be built as a public investment project, comprising 10 sub-projects. It will employ advanced technologies to ensure safety, quality, and efficiency, while encouraging high-tech construction methods that adapt to climate change. Cashless electronic toll collection will be implemented on the expressway.

The project’s total investment is approximately 23.94 trillion VND, financed from the central budget surplus in 2024 and from the central and local budgets during 2026–2030. Spanning around 648 ha, the project is expected to be completed and put into operation in 2029./.

VNA
#resolutions #investment policies #Gia Binh International Airport #Vinh – Thanh Thuy expressway project #socio-economic development
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