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ACV to invest over 4.3 billion USD in Long Thanh int’l airport

The Airports Corporation of Vietnam (ACV) will invest over 99 trillion VND (4.3 billion USD) in the third component project of the first stage of the Long Thanh international airport in the southern province of Dong Nai.
ACV to invest over 4.3 billion USD in Long Thanh int’l airport ảnh 1Perspective of Long Thanh international airport (Photo: ACV)
Hanoi (VNA) – The Airports Corporation ofVietnam (ACV) will invest over 99 trillion VND (4.3 billion USD) in the thirdcomponent project of the first stage of the Long Thanh international airport inthe southern province of Dong Nai.

The decision was made in Resolution No.04 adopted by ACV’sextraordinary shareholders’ meeting held recently in Ho Chi Minh City, withover 99.8 percent approval.

Of the total capital, more than 36.1 trillion VND will besourced from ACV and the remainder from loans and other legitimate sources.

The project on the first stage of the Long Thanhinternational airport wasapproved by the Prime Minister on November 11 this year. The project has fourcomponents, covering the offices of State management agencies, works serving flightmanagement, essential airport facilities, and other supporting works.

ACV willinvest in the first runway, taxiways, a terminal, an aircraft parking space, andother major infrastructure at the airport.

The airport will be built in three phases overthree decades, and is expected to become the country’s largest airport.

In the first phase, one runway with a length of 4,000m, taxiways, an apron, anda passenger terminal with other auxiliary works sprawling 373,000sq.m will be built to serve 25 million passengers and 1.2 million tonnesof cargo each year. 

The airport is expected to have four runways, four passenger terminals, andother auxiliary works to ensure a capacity of 100 million passengers and 5million tonnes of cargo a year by 2040. 

Covering a total area of more than 5,580ha, the airport will straddle sixcommunes in Long Thanh district. It is expected to cost 336.63 trillionVND (14.47 billion USD), with the first phase needing over 109 trillion VND(4.66 billion USD). 

Around 4,800 households and 26 organisations are expected to be relocatedto make way for it. 

Located 40km to the east of Ho Chi Minh City, the Long Thanh airport isexpected to relieve overloading at Tan Son Nhat international airportin the city, now the country’s largest airport./.
VNA

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