Long Thanh airport getting wings

December 14, 2010 | 16:00

(0) user say

The Ministry of Planning and Investment recently gave the go-ahead to the Ministry of Transport (MoT) to sign a memorandum of understanding with Japan International Cooperation Agency (JICA) to study investment for the Long Thanh international airport project.

Image source: VGP

The study will assess the project’s feasibility and propose investment under the public-private partnership (PPP) model. JICA expressed the possibility to lend official development assistance (ODA) capital to get the project rolling.

The southern Dong Nai province-based airport will be developed into a big transit international airport to handle 44.5 million passengers and 1.2 million tonnes of goods by 2030 in its first phase of investment during 2020-2030.

Similarly, Long Thanh airport will receive 90 per cent of international flights and 20 per cent of local flights to and from Ho Chi Minh City. The project will start work in 2018 with construction costs mounting to $6.048 billion, not including site clearance and compensation costs.

By Anh Minh

vir.com.vn

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional