ACV plans to upgrade 15 airports

Sunday, 2018-09-02 15:40:17
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NDO – Airports Corporation of Vietnam (ACV) has submitted to the Ministry of Transport an investment plan to upgrade various airports for the period 2018 - 2021 with the vision to 2025.

The airports include Tan Son Nhat, Noi Bai, Da Nang, Chu Lai, Phu Bai, Cat Bi, Phu Quoc, Cam Ranh, Vinh, Lien Khuong, Tuy Hoa, Con Dao and Dong Hoi

In addition, the ACV also has an investment project on the construction of three new airports including Dien Bien, Na San and Lao Cai.

ACV plans to invest VND56.7 trillion (US$2.4 billion) from internal resources to upgrade 15 key airports (excluding Long Thanh airport) across Vietnam by 2025, and over VND 20.7 trillion from accumulated capital from the business activities at airports.

ACV runs all the civilian airports in the country.

It is now the main investor of the proposed Long Thanh International Airport in the southern province of Dong Nai near Ho Chi Minh City.

Long Thanh will be built in three phases over three decades. The VND92.1 trillion (over US$4 billion) first phase is scheduled for completion in 2025, when it will handle 25 million passengers a year.

It is expected to be fully complete in 2050.

Once completed Long Thanh is expected to replace Tan Son Nhat as the largest airport in Vietnam.