Vietnam premier approves investment report on multibillion-dollar int’l airpor

Oct 2nd at 14:43
02-10-2014 14:43:12+07:00

Vietnam premier approves investment report on multibillion-dollar int’l airpor

Vietnam’s Prime Minister Nguyen Tan Dung gave the go-ahead Wednesday to an investment report on the construction of Long Thanh International Airport in the southern province of Dong Nai.

The report contains propositions from the Ministry of Transport and the State Assessment Council on the airport project, which aims to set up Long Thanh as an important gateway to Vietnam and an aviation hub in Southeast Asia.

The airport should also qualify for 4F classification by the International Civil Aviation Organization, according to the investment report.

Long Thanh International Airport will be located in Long Thanh District, 50km east of Ho Chi Minh City, upon completion.

During its first phase, ending by 2025, the 5,000-hectare terminal is expected to receive 25 million passengers and handle 1.2 million metric tons of goods a year, in a bid to share the burden of the overloaded Tan Son Nhat International Airport in Ho Chi Minh City, according to the report.

The Long Thanh airport is hoped to serve 100 million passengers and handle five million metric tons of goods annually no later than 2030.

The first phase of the project is estimated to cost US$7.83 billion.

The Prime Minister has assigned Minister of Transport Dinh La Thang to report on the investment plan on behalf of the government to the National Assembly during the latter’s session this month.

The National Assembly will make an in-principle decision on the project.

A plan to build an airport in the south-central resort city of Phan Thiet also won in-principle approval from the Prime Minister last month.

The Phan Thiet airport is projected to serve 500,000 passengers and handle 10,000 metric tons of goods a year by 2020. It is hoped that it will receive one million passengers per annum by 2030.

The VND5.6 trillion (US$263.58 million) airport is expected to open to passengers by 2017.

Vietnam currently has 21 operating airports, including eight international terminals.

Many other airport projects have also been planned, and some localities are slated to have as many as two airports, according to economic newswire VnEconomy.

tuoitrenews



NEWS SAME CATEGORY

Standard Chartered Vietnam sheds light on branch closure misunderstanding

Standard Chartered Bank (Vietnam) Limited on Tuesday explained reports in Vietnamese media that the State Bank of Vietnam would be closing its local branch.

Modern trade centers push buyers away, Vietnam traders say

The planned trade centers that are set to replace traditional markets in many big cities in Vietnam may well share the fate of modern shopping venues in Hanoi...

Low productivity rates do not reflect level of worker diligence, ability: ILO

The International Labor Organization (ILO) released a report showing that the labour productivity rate in VIetnam is the lowest in the Asia Pacific region, but it...

MPI raises spending level, but public debt remains high

The disagreement between the Ministry of Finance (MOF) and Ministry of Planning and Investment (MPI) about budget revenue and expenditures for 2015 remains...

Ekoko to open third store in Vietnam

After nearly two years of successful development in Vietnam, the natural cosmetic brand - ekoko Vietnam continues the debut of its third store slated October 4 at...

Foreign telecom giants gear up for MobiFone IPO

Major international telecoms are lining up to become strategic investors in Vietnam’s second biggest mobile network operator MobiFone.

Vietbuild expo opens in Mekong Delta

More than 200 domestic and foreign businesses from the construction industry are displaying their latest achievements, from manufacturing to interior decoration, at...

Viet Nam, Israel trade set to increase

 Viet Nam and Israel aim to increase bilateral trade to US$2 billion by 2016, officials said at the first Intergovernmental Committee meeting of the two countries...

Tien Giang's export turnover surges

 The Mekong Delta province of Tien Giang posted US$1.056 billion in export turnover in the first nine months of 2014, a record 39.1 per cent increase year on year.

Air route to boost VN-Singapore trade

The opening of a new air route connecting Phu Quoc Island in southern Kien Giang province to Singapore will help improve bilateral relations between Viet Nam and...


MOST READ


Back To Top