ACV to invest over $4.3 billion in Long Thanh int’l airport

The decision was made in Resolution No.04 adopted by ACV’s extraordinary shareholders’ meeting held recently in Ho Chi Minh City, with over 99.8 percent approval.

Of the total capital, more than VND36.1 trillion will be sourced from ACV and the remainder from loans and other legitimate sources.

The project on the first stage of the Long Thanh international airport was approved by the Prime Minister on November 11 this year. 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 373,000 sq.m 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 5 million tonnes of cargo a year by 2040. 

Covering a total area of more than 5,580ha, the airport will straddle six communes in Long Thanh district. It is expected to cost VND336.63 trillion ($14.47 billion), with the first phase needing over VND109 trillion ($4.66 billion). 

Around 4,800 households and 26 organisations are expected to be relocated to make way for it. 

Located 40km to the 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.

Source: VietnamPlus