Vietnam allocates $4.7 billion for mega airport construction

The work items for the phase includes a runway, a passenger terminal with handling capacity up to 25 million passengers and a cargo terminal for 1.2 million tons of goods annually, Minister of Transport Nguyen Van The told deputies during the recent session of the on-going National Assembly meeting.

The capital is allocated to cover construction fee, equipment, contingency costs due to price slippage factors, and interest rates.

According to the pre-feasibility study of the airport, the construction of the first phase covers an area of 1,165 hectares, while the consultant proposed to expand the area to 1,810 hectares to add a logistics center, cargo station for fast delivery, solar power generation station, a detention basin, among others. 

Long Thanh International Airport has a total investment capital of $16 billion. In November 2017, the National Assembly approved resolution on land acquiring, compensation and supporting resettlement of affected people in the project area with investment capital of nearly $1 billion.