Phase 1 of Long Thanh airport faces cost overruns

The cost of the first phase of the Long Thanh International Airport is roughly US$1 billion higher than the estimate previously cited and approved by the National Assembly (NA), according to the NA Standing Committee.

Phase 1 of Long Thanh airport faces cost overruns

A house is within an area zoned for the construction of the Long Thanh International Airport in the southern province of Dong Nai. The airport’s first phase may cost roughly US$1 billion more than the initial estimate, due to land compensation increases – PHOTO: VNA

In a report in response to a draft resolution on the feasibility study for the first phase, the committee said the total investment, as stated in the NA’s Resolution 94 on in-principle approval for the project issued in 2015, was VND336.63 trillion, or US$16.03 billion applicable to the reference exchange rate of Vietnamese dong versus the U.S. dollar that year.

Of the figure, phase one accounted for an estimated VND114.45 trillion, or US$5.45 billion, including the cost of site clearance for some 5,000 hectares in the southern province of Dong Nai at VND14.139 trillion, or US$673 million.

In 2017, the legislative body adopted another related resolution, which allowed for land acquisition, compensation and resettlement support as a separate subproject.

The subproject cost an additional VND8.8 trillion, due to the addition of 379.35 hectares of land and a hike in compensation prices, raising the total cost of land clearance to VND22.938 trillion.

However, the Government noted in its latest report that the total cost of the first phase would amount to US$4.779 billion, excluding compensation and resettlement support costs.

Compared with investment restructuring in Resolution 94, the first phase now requires an additional US$1 billion.

According to the NA, the previous calculations were all estimates. The first phase is expected to develop several construction items with shared use, such as two roads, the flight management system and air traffic control.

 

Thus, the NA has asked the Government to decide on the total cost of the first phase, including land compensation and site clearance costs, providing that the overall investment for the three phrases does not surpass VND336.63 trillion, as approved in 2015.

The NA Standing Committee admitted that the current progress of land compensation and site clearance has been slow, so the handover of cleared land for the airport’s construction by the end of 2020 is a major challenge.

The Long Thanh International Airport is expected to meet the 4F standards of the International Civil Aviation Organization and become a major airport in the country and air transshipment hub in the region.

The airport is designed to handle up to 100 million passengers and five million tons of cargo per year once the three construction phases are complete.

In the first phase, slated for completion by 2025, the airport will have a runway and a passenger terminal that can accommodate 25 million passengers and 1.2 million tons of cargo per year.

One more runway and passenger terminal will be built as part of the second phase to serve some 50 million passengers and carry 1.5 million tons of cargo. The other construction items will be developed in the final phase. SGT

Long Thanh airport project heats up NA debate

Long Thanh airport project heats up NA debate

The feasibility study report for the first phase of the Long Thanh International Airport was deliberated on November 12 morning as part of the eighth sitting of the 14th National Assembly.

Commencement date nears, but capital sources for Vietnam's giant Long Thanh airport still unclear

Commencement date nears, but capital sources for Vietnam's giant Long Thanh airport still unclear

The Long Thanh International Airport project is scheduled to kick off in 2021, with the first phase of the project expected to be completed by 2025.

 
 

Other News

.
Two COVID-19 cases in Vinh Phuc show negative results for second time
Two COVID-19 cases in Vinh Phuc show negative results for second time
SOCIETYicon  17/02/2020 

Two cases of the novel coronavirus (COVID-19) infection in the northern province of Vinh Phuc displayed negative results as they were tested for the second time on February 17, according to Director of Vinh Phuc Department of Health.

Lao nationals in Quang Nam granted Vietnamese citizenship
Lao nationals in Quang Nam granted Vietnamese citizenship
VIETNAM & WORLDicon  17/02/2020 

In late 2019, 20 Lao people living in the Tay Giang and Nam Giang border district of Quang Nam province were granted Vietnamese citizenship.

Roots not forgotten as Vietnamese expats play a part in homeland’s development
Roots not forgotten as Vietnamese expats play a part in homeland’s development
VIETNAM & WORLDicon  17/02/2020 

Over the years, the community of more than 4.5 million Vietnamese people living abroad have become deeply assimilated into local political, economic, cultural and social life. 

Coronavirus: Thousands queue for face masks in HCM City
Coronavirus: Thousands queue for face masks in HCM City
PHOTOSicon  17/02/2020 

Thousands of people queued for hours on Ho Chi Minh City’s Nguyen Gian Thanh Street to buy face masks on February 16.

Danang halts international conference licensing for coronavirus prevention
Danang halts international conference licensing for coronavirus prevention
SOCIETYicon  17/02/2020 

Authorities of the central city of Danang have halted the licensing of international conferences amid the coronavirus outbreak.

Hanoi’s biggest market quiet amid coronavirus fears
Hanoi’s biggest market quiet amid coronavirus fears
SOCIETYicon  17/02/2020 

Hanoi’s biggest market at Dong Xuan is deserted amid fears of coronavirus.

Coronavirus: Armed robbers steal hundreds of toilet rolls in Hong Kong
Coronavirus: Armed robbers steal hundreds of toilet rolls in Hong Kong
SOCIETYicon  17/02/2020 

Toilet rolls have become hot property in the city due to a shortage from coronavirus panic-buying.

International vocational training to be extended
International vocational training to be extended
SOCIETYicon  17/02/2020 

Vocational training schools in Vietnam will continue to use curricula transferred from Australia and Germany until the end of 2020 and 2025, respectively, following the technical vocational education and training (TVET) reform plan.

Lack of schools in residential areas an unresolved problem
Lack of schools in residential areas an unresolved problem
SOCIETYicon  17/02/2020 

A lack of schools in big cities has been a serious issue for years.

HCM City scales up smart city development project to all districts
HCM City scales up smart city development project to all districts
SOCIETYicon  17/02/2020 

The HCM City People’s Committee has urged all districts to conduct programmes on smart city development, with specific targets, roadmaps and implementation measures suited to the characteristics of individual locality.

All sectors work to stop spread of COVID-19
All sectors work to stop spread of COVID-19
SOCIETYicon  17/02/2020 

All 63 provinces and cities across the country have allowed students at different educational level to remain off from school to stop the spread of coronavirus (COVID-19).

WHO: Vietnam manages COVID-19 outbreak well
WHO: Vietnam manages COVID-19 outbreak well
SOCIETYicon  17/02/2020 

The World Health Organisation (WHO) in Vietnam has highly praised the country’s capacity in dealing with public health emergencies, including the new coronavirus disease (COVID-19).

French ski resort uses helicopters to deliver snow for bare slopes
French ski resort uses helicopters to deliver snow for bare slopes
SOCIETYicon  17/02/2020 

Helicopters deliver 50 tonnes of snow as mild weather impacts ski resorts in the Pyrenees.

'Period-shaming' Indian college forces students to strip to underwear
'Period-shaming' Indian college forces students to strip to underwear
SOCIETYicon  17/02/2020 

Dozens of women were made to remove their knickers to prove they were not menstruating.

Coronavirus: Americans from quarantined cruise ship flown from Japan
Coronavirus: Americans from quarantined cruise ship flown from Japan
SOCIETYicon  17/02/2020 

Some 400 people from the US were among those confined on the Diamond Princess near Tokyo.

Vietnamese language course opens in Austria
Vietnamese language course opens in Austria
VIETNAM & WORLDicon  17/02/2020 

A Vietnamese language course for young Vietnamese generations opened in Vienna, Austria on February 15.

COVID-19: 30 medical equipment manufacturers fined
COVID-19: 30 medical equipment manufacturers fined
SOCIETYicon  17/02/2020 

As many as 30 medical equipment manufacturers were fined nearly 65 million VND (2,800 USD) for violations in trading medical supplies serving the fight against the novel coronoavirus disease (COVID-19) on February 15.

Ex-PetroVietnam Chairman to be prosecuted for violations in Phu Tho ethanol case
Ex-PetroVietnam Chairman to be prosecuted for violations in Phu Tho ethanol case
SOCIETYicon  17/02/2020 

The Security Investigation Agency has proposed prosecuting Dinh La Thang, former Chairman of PetroVietnam on charges of violating regulations on construction works, causing serious consequences at the Petrochemical and Bio-Fuel JSC.

Coronavirus: New China figures highlight toll on medical staff
Coronavirus: New China figures highlight toll on medical staff
SOCIETYicon  16/02/2020 

Six health workers are among those who have died during the coronavirus outbreak, officials say.

Coronavirus: French Asians hit back at racism with 'I'm not a virus'
Coronavirus: French Asians hit back at racism with 'I'm not a virus'
SOCIETYicon  16/02/2020 

The coronavirus outbreak in Wuhan prompts French Asians to complain of a backlash against them.

 
 
 
Leave your comment on an article

OR QUICK LOGIN