T&T and CIENCO4 win PPP bid to invest in $239.4 mln airport in Quang Tri

Khanh Minh Thursday | 12/07/2023 13:17

Photo: Quang Tri Newspaper

A consortium of T&T transport infrastructure development and investment company and CIENCO4 Group JSC won the bid to invest in the Public-Private Partnership airport worth VND5.82 trillion ($239.408 million) in Quang Tri.

The Quang Tri People's Committee has recently issued a decision approving the selection of the PPP project investor.

The Quang Tri airport project includes 265ha of land (excluding the 51.2ha of military territory) in the communes of Gio Quang, Gio Hai, and Gio Mai, to handle up to 5 million passengers and 25,500 metric tons of cargo each year.

The overall investment for the project, according to the decision, includes more than VND1.091 trillion in equity capital and more than VND4.729 trillion in credit and other legal capital sources.
The project will be carried out under a Build-Operate-Transfer (BOT) contract, with planning and construction taking two years. The contract execution period (operation, toll collection, and capital return) is 47 years and 2 months.

Source: Quang Tri Newspaper

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