NA to consider feasibility study of Long Thanh Airport in October

August 04, 2017 | 21:43

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The feasibility study report of a component project of the Long Thanh International Airport project in the southern province of Dong Nai, which is a magnet to many international investors, is likely to be submitted to the National Assembly in October 2017.

The meeting to review the preparation of the Long Thanh Airport project

The Ministry of Transport (MoT) chaired a meeting on August 4 to review the preparation process of the project, including land revocation, compensation, and support for resettlement of the affected local residents.

According to a report by MoT's Department of Planning and Investment, in June 2017, the National Assembly approved Resolution No.38/2017/QH14 on separating the land revocation, compensation, and support for resettlement into a different component project in which the government asked Dong Nai and relevant ministries to do a feasibility study and submit it to the National Assembly for approval in October 2017.

The Minister of Transport raised concerns that the biggest problem in the feasibility report is the source of money.

The NA Standing Committee said that based on the obtained information and the latest updated prices from the Dong Nai People’s Committee, the total estimated cost for site clearance, including the construction of resettlement and cemetery areas, is about VND23 trillion ($1 billion).

The government agreed to provide the Long Thanh project with VND5 trillion ($220 million) for the medium- and long-term plans on site clearance. However, this amount accounts for only 21.7 per cent of the actual funds necessary.

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