The northern province of Quang Ninh has obtained Prime Minister NguyenTan Dung's approval to select Hanoi-based property developer JoinusCompany Ltd. and its partners as "potential investors" in Van DonInternational Airport, one of four pivotal airports in which Vietnam isseeking foreign investment.
"The project will be carried outunder Build-Operate-Transfer (BOT) method with an estimated totalinvestment of 655 million USD. The construction will kick-start in thefirst quarter of next year at the latest," Dolien Han, general directorand chairman of Joinus Company Ltd., told Vietnam News.
He addedthat the Australian equity fund Castlepines Corporation had delivered awritten commitment to finance the development of Van Don airport and aresort complex nearby with 1.1 billion USD.
The first installment of 800 million USD will arrive after an official agreement has been reached.
Joinushas signed a consortium agreement with airport operator Korea AirportsCorporation (KAC) and Korean leading builder Posco E&C.
Underthe agreement, Posco E&C will provide engineering, procurement andconstruction services for the project, while KAC will handle airportoperation, management and maintenance.
Van Don International Airport is located on Van Don Island in Quang Ninh province, home to World Heritage site Ha Long Bay.
"The project will be carried outunder Build-Operate-Transfer (BOT) method with an estimated totalinvestment of 655 million USD. The construction will kick-start in thefirst quarter of next year at the latest," Dolien Han, general directorand chairman of Joinus Company Ltd., told Vietnam News.
He addedthat the Australian equity fund Castlepines Corporation had delivered awritten commitment to finance the development of Van Don airport and aresort complex nearby with 1.1 billion USD.
The first installment of 800 million USD will arrive after an official agreement has been reached.
Joinushas signed a consortium agreement with airport operator Korea AirportsCorporation (KAC) and Korean leading builder Posco E&C.
Underthe agreement, Posco E&C will provide engineering, procurement andconstruction services for the project, while KAC will handle airportoperation, management and maintenance.
Van Don International Airport is located on Van Don Island in Quang Ninh province, home to World Heritage site Ha Long Bay.
Uponits completion, the airport with an annual capacity of more than sixmillion passengers, will have one 3.8-kilometer-long runway toaccommodate large aircraft including Boeing 747s. By 2026, the secondrunway will be built to allow the operation of the Airbus A380.
Theinvestment plan will be submitted for approval by the Ministry ofInvestment and Planning, the Ministry of Transport, the Ministry ofDefence and local authorities of Quang Ninh province in November.
"Ittook our company six years to pursue this project. We are now alreadyset up for BOT negotiations with the Vietnamese Government. I think itwill take no longer than three months to get the BOT agreement signed,"Joinus's Han said.
The Van Don Economic Zone is a priority in thecountry's development agenda. As one of the key projects in Van DonEconomic Zone, Van Don International Airport is expected to help boosttourism to Ha Long Bay and Van Don Island.- VNA
Theinvestment plan will be submitted for approval by the Ministry ofInvestment and Planning, the Ministry of Transport, the Ministry ofDefence and local authorities of Quang Ninh province in November.
"Ittook our company six years to pursue this project. We are now alreadyset up for BOT negotiations with the Vietnamese Government. I think itwill take no longer than three months to get the BOT agreement signed,"Joinus's Han said.
The Van Don Economic Zone is a priority in thecountry's development agenda. As one of the key projects in Van DonEconomic Zone, Van Don International Airport is expected to help boosttourism to Ha Long Bay and Van Don Island.- VNA
