ACV to invest more than $4.3 billion in Long Thanh International Airport
THE Airports Corporation of Vietnam (ACV ) will invest more than 99 trillion dong ($4.3 billion) in the third component project of the first stage of the Long Thanh International Airport in the southern province of Dong Nai.
The decision was made in Resolution No 04 adopted by ACV’s extraordinary shareholders’ meeting held recently in Ho Chi Minh City, with more than 99.8 per cent approval.
Of the total capital, more than 36.1 trillion dong will be sourced from ACV and the remainder from loans and other sources.
The project on the first stage of the airport was approved by Prime Minister Nguyen Xuan Phuc on November 11.
The project has four components, covering the offices of state management agencies, works serving flight management, essential airport facilities, and other supporting works.
ACV will invest in the first runway, taxiways, a terminal, an aircraft parking space, and other major infrastructure at the airport.
The airport will be built in three phases over three 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, and a passenger terminal with other auxiliary works sprawling 373,000sqm will be built to serve 25 million passengers and 1.2 million tonnes of cargo each year.
The airport is expected to have four runways, four passenger terminals, and other auxiliary works to ensure a capacity of 100 million passengers and five million tonnes of cargo a year by 2040.
Covering more than 5,580ha, the airport will straddle six communes in Long Thanh district. It is expected to cost 336.63 trillion dong, with the first phase needing more than 109 trillion dong.
Some 4,800 households and 26 organisations are expected to be relocated to make way for it.
Located 40km east of Ho Chi Minh City, the Long Thanh airport is expected to relieve overloading at Tan Son Nhat International Airport in the city, now the country’s largest airport.