As authorised by the Prime Minister, Minister of Transport Nguyen Van The has submitted a feasibility report on the first phase of the airport at a cost of 111 trillion VND (4.779 billion USD) to the National Assembly (NA).“If the proposal is approved by the NA, construction of the airport can begin in the first quarter of 2021,” said Lai Xuan Thanh, Chairman of ACV.According to the report, ACV, which runs 21 airports nationwide, will invest in the first runway, taxiways, a terminal, an aircraft parking space and other major infrastructure at the airport.ACV will need to raise about 98 trillion VND (4.19 billion USD) for the project. It is set to have 36.6 trillion VND (1.57 billion USD) by 2025, or 37 percent of the investment. It has been working with 12 domestic and international organisations to borrow the remaining at an interest rate of 5-5.5 percent a year with a loan term...
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A rendering of the Long Thanh International Airport plan in the southern province
of Dong Nai. (Photo courtesy of Airports Corporation of Vietnam)Source: VNA
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