Yesterday, the Ministry announced that it has submitted the reports of investment scheme and resource of Tan Son Nhat Airport’s upgrade of the passenger terminal, the taxiway and the drainage system to the government.
The Ministry will invite bidding to select investors as per the Public –Private Partnership when there is shortage of budget and it is calling for social contribution for the project. It will take 1.5 – 2 years to select investors and the project will be finished before 2022.
According to the government’s decision, the airport will be expanded by 791 hectare. After the upgrade is complete, the airport can be able to welcome 50 million passengers a year and carry around 0.8-1 million tons of commodities annually.
The Ministry will prioritize to build passenger terminal , the taxiway and supporting work in the area of 79 hectare which the Ministry of Defense handed over to tackle traffic congestion from now to 2022.
Currently, the Ministry petitioned the Prime Minister to allocate medium-term capital from the backup state budget of around VND4,466 billion ($191,437,801 ) to 2020 for upgrading the taxiway and runways of Tan Son Nhat Airport and Noi Bai Airport as well as security fence of the airports’ premises.
Once the backup state budget can’t be used, the Ministry suggested the Prime Ministry to use the source of airports’ income or ACV’s development investment fund.
Apart from that, the Ministry will call for private investors for meals provision, petroleum, and logistics and enterprises will invest directly. Specifically, the Ministry will announce procedures for soliciting tenders of appllications to prequalify in 2018 - 2019 and it will select investors one year later. Next, it takes two years for site clearance to run the project in 2022.