Sun Group to invest $350 million in Quang Ninh airport
Sun Group to invest $350 million in Quang Ninh airport
Privately-run Sun Group will invest approximately VND7.5 trillion ($348.8 million) into the construction of the Quang Ninh International Airport in the Van Don Economic Zone in the northern province of Quang Ninh.
The construction is expected to start by the end of this month. The airport project contains a runway, airfields with the capacity to accommodate at least four aircrafts of Boeing 777 and Airbus 321, and a terminal having a capacity to host two million passengers and to facilitate the transport of the total load of goods reaching up to 10,000 tonnes per annum.
The airport, covering a total area of 290 hectares, will be located at Doan Ket commune in Van Don district. The investor will spend VND5.25 trillion ($244.2 million) on building infrastructure and procuring equipment and a further VND730 billion ($33.9 million) on site clearance.
The airport is expected to be completed in 2017. It is considered a major project in the Van Don Economic Zone and looks to attract investment capital. Furthermore, the airport will play a pivotal role to promote tourism development to the world heritage of Halong Bay.
Previously, companies such as South Korea’s Joinus Vietnam Joint Stock Company, Posco E&C Joint Stock Company and Korea Airports Corporation have all expressed their interest in becoming investors in the Quang Ninh airport.
Founded in 2007, Sun Group is one of Vietnam’s leading groups in construction, property and tourist resort investment. The group has invested in larger-scale projects throughout the country such as the Intercontinental Danang Sun Peninsula Resort and the Novotel Premier Danang Han River.
