A VND10.99-trillion (USD478 million) project to build Terminal 3 at Tan Son Nhat International Airport in HCM City has been submitted to Prime Minister Nguyen Xuan Phuc for consideration.
The project, to be invested by the Airport Corporation of Vietnam (ACV), includes the construction of Terminal 3 covering 110,000 square metres and serving around 20 million passengers per year and the expansion of the airport landing areas.
Tan Son Nhat International Airport
According to the Ministry of Planning and Investment (MPI) which proposed the project to the prime minister, the project is in line with HCM City’s plan to raise Tan Son Nhat International Airport’s total passenger limit to 50 million yearly, particularly given the airport’s current serious over-capacity.
ACV said that the project scale has been carefully taken into account based on forecasts for Tan Son Nhat International Airport and the future Long Thanh International Airport in Dong Nai Province.
The firm added that they have also learned experiences from other airport projects such as Cam Ranh, Van Don, Danang, Noi Bai and Cat Bi.
The project investment of USD478 million is acceptable basically, the ministry said, urging ACV to conduct more detailed assessments on the project’s efficiency for the regional socio-economic development.
ACV reported that the project would take 37 months following approval, including one year for preparations and two years for construction.
However, the MPI said that this pace would be infeasible for ACV to complete many different steps before the construction. So, the investors should re-consider and come back with a more appropriate schedule. VietNamNet/Dtinews
The door has still not opened widely to private investors who want to develop airports.
A Swedish state-owned entity proposed a commercial loan of over US$1 billion for the construction of Long Thanh airport, the would-be largest of its kind in Vietnam.