Long Thanh airport investment assigned to ACV

The Prime Minister has appointed the Airports Corporation of Vietnam (ACV) as investor of Long Thanh International Airport project in the southern province of Dong Nai.

An artists’ impression of Long Thanh International Airport, Dong Nai (Photo: SGGP)

The company will be responsible for using its investment and development fund to set up a feasibility report for the first phase of the project before reporting to the Central Assessment Council as per the law.

Long Thanh Airport project will be implemented in three phases in Long Thanh District, Dong Nai.

As scheduled, the first phase must complete by 2025 at the latest to open for service a runway, a terminal together with auxiliary items with a total capacity of 25 million passengers and 1.2 million tons of cargo a year.

The second and third phases will continue building more runways and terminals to take the total capacity to 100 million passengers and five million tons of goods a year.

Total investment capital for the project is estimated at VND336,630 billion (US$16.03 billion). Of these, VND114,450 billion (US$5.45 billion) will be spent on the first phase.

By Lam Nguyen – Translated by Hai Mien

Other news